Paytm Q1FY25 results: Loss widens to Rs 840 crore, revenue falls 36%

One97 Communications, the parent company of fintech giant Paytm, reported on Friday that its consolidated loss had widened to Rs 840.1 crore for the quarter ended June 30, 2024 (Q1FY25). This was significantly higher than the Rs 358.4 crore loss reported in the same period last year.

The firm’s revenue from operations declined to Rs 1,502 crore, a 36 per cent drop from Rs 2,342 crore in the year-ago period. The company’s total income came to Rs 1,639.1 crore, a 33.5 per cent decline from Rs 2,464.2 crore reported during the corresponding period last year.