Paytm reported a widening of losses and flattish revenue growth for its March-ended quarter. It has, however, forecast recovery to commence in the Q2FY25 period
Post its earnings release, the Paytm stock fell as much as 2.04 percent intraday to Rs 344.5 before recovering marginally to Rs 349.6 levels at the BSE, still down 0.64 percent from its previous close of Rs 351.7 levels.
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One97 Communications Limited, which owns payments and financial services distribution company Paytm, is seeing the initial impact of disruptions to its business operations, following regulatory action. The company on Wednesday reported a widening of consolidated loss for the March-ended quarter, even as revenues edged down 3 percent for the same period.