Paytm Q1 Earnings: Loss widens to Rs 840.10 crore due to impact of RBI curbs on paytms bank biz

One 97 Communications, the parent company of fintech major Paytm, on Friday posted its fiscal first quarter earnings wherein it reported a widened loss of Rs 840.10 crore in comparison to a loss of Rs 358.40 crore posted during the corresponding quarter of FY24.This was due to the continued impact from the RBI curbs that led to shutting down of Paytm’s payments bank business. The company posted revenue from operations at Rs 1501.60 crore, down 35.9 per cent as against Rs 2341.60 crore recorded during the first quarter of previous fiscal year.