Paytm posts Rs 550 crore loss in Q4, hints at job cuts

One 97 Communications Ltd, the parent company of Paytm, clocked a net loss of Rs 550 crore in the January-March period of FY24, a 3.2 times jump compared to the same period in the last fiscal year. Paytm’s revenue was down by 20 per cent compared to the previous quarter.