Paytm Q1: Loss widens to Rs 838.9 cr, total income declines 33.5%

Fintech firm One97 Communications (OCL), which owns Paytm brand, on Friday said its loss has widened to Rs 839 crore in the quarter ended June 30, due to the continued impact of restrictions on Paytm Payments Bank Ltd. Vijay Shekhar Sharma, the founder and chief executive officer (CEO), however, said the company will deliver one profitable quarter in this financial year.