Paytm shares jump over 6% post Q1 results

Shares of fintech One 97 Communications, which runs the payments platform Paytm, jumped over 6% to Rs 672 in Friday’s trade on the BSE even though the firm’s consolidated loss in Q1 FY25 widened to Rs 838.9 crore as against Rs 357 crore in the corresponding quarter of the previous financial year.

Paytm’s Q1 revenue was reported at Rs 1,502 crore vs Rs 2,342 crore in Q1 of FY24 — down 36% year-on-year.