{"id":835516,"date":"2024-07-20T11:24:52","date_gmt":"2024-07-20T05:54:52","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=835516"},"modified":"2024-07-20T11:24:52","modified_gmt":"2024-07-20T05:54:52","slug":"paytms-net-loss-widens-to-%e2%82%b9839-crore-in-q1-on-path-to-recovery","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/20\/paytms-net-loss-widens-to-%e2%82%b9839-crore-in-q1-on-path-to-recovery\/","title":{"rendered":"Paytm&#8217;s net loss widens to \u20b9839 crore in Q1: \u2018On path to recovery\u2019"},"content":{"rendered":"<p>One 97 Communications Ltd, Paytm&#8217;s parent company, reported its Q1FY25 consolidated net loss widened to \u20b9839 crore from \u20b9357 crore a year ago following Reserve Bank of India (RBI) curbs on the fintech firm&#8217;s payments bank business. The company&#8217;s revenue from operations declined 36 per cent to \u20b91,502 crore in Q1FY25 as against \u20b92,342 crore in the year-ago period.<\/p>\n<p>The company said in a stock exchange filing, \u201cGoing forward, we expect revenue and profitability to improve, driven by growth in operating parameters such as GMV, an expanding merchant base, recovery in loan distribution business and continued focus on cost optimisation.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One 97 Communications Ltd, Paytm&#8217;s parent company, reported its Q1FY25 consolidated net loss widened to \u20b9839 crore from \u20b9357 crore a year ago following Reserve Bank of India (RBI) curbs on the fintech firm&#8217;s payments bank business. The company&#8217;s revenue from operations declined 36 per cent to \u20b91,502 crore in Q1FY25 as against \u20b92,342 crore in the year-ago period. The company said in a stock exchange filing, \u201cGoing forward, we expect revenue and profitability to improve, driven by growth in operating parameters such as GMV, an expanding merchant base, recovery in loan distribution business and continued focus on cost optimisation.\u201d<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15,51,4],"tags":[],"class_list":["post-835516","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-it-2-hindustantimes","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/835516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=835516"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/835516\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=835516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=835516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=835516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}