scorecardresearchPaytm Q1 net loss widens to ₹644.4 crore

Paytm Q1 net loss widens to 644.4 crore

Updated: 06 Aug 2022, 08:41 AM IST
TL;DR.
Paytm said its contribution profit, which excludes taxes and marketing expenses but includes promotional incentives, grew over three-fold to 726 crore in June 2022 quarter from 245 crore in the year-ago period.
Vijay Shekhar Sharma, founder and chairman of One97 Communications Ltd., operator of PayTM, at PayTM office, in Noida, India, on Friday, July 22, 2022. Sharma promises $1 billion in revenue on path to profit, and to expand in lending to pursue growth. Photographer: Ruhani Kaur/Bloomberg

Vijay Shekhar Sharma, founder and chairman of One97 Communications Ltd., operator of PayTM, at PayTM office, in Noida, India, on Friday, July 22, 2022. Sharma promises $1 billion in revenue on path to profit, and to expand in lending to pursue growth. Photographer: Ruhani Kaur/Bloomberg