Paytm Q4 Results: Loss widens to Rs 549.60 crore, revenue down 2.9% on-year

One 97 Communications Ltd, the parent company of Paytm on Wednesday recorded a net loss of Rs 549.60 crore during the fourth quarter of FY24, posting a 3.2X jump from Q4FY23 when it had posted a loss of Rs 168.40 crore. The company posted revenue from operations at Rs 2267.10 crore, down 2.9 per cent on-year as against Rs 2334.50 crore during the corresponding quarter of previous fiscal year.

“Our Q4 FY 2024 results were impacted by temporary disruption on account of UPI transition, etc. and permanent disruption because of the PPBL embargo.