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Fintech major One97 Communications, which runs the payments platform Paytm, reported on Monday that its consolidated loss narrowed to Rs 208.3 crore in the December quarter, compared to Rs 219.8 crore in the corresponding quarter of the previous fiscal year.At the same time, Paytm’s consolidated revenue from operations fell 36% year-on-year (YoY) to Rs 1,828 crore, down from Rs 2,851 crore in Q3 of FY24.
On a quarter-on-quarter (QoQ) basis, Paytm’s revenue rose 10% due to an increase in GMV, healthy growth in subscription revenues, and a rise in revenues from the distribution of financial services.
The net payment margin rose 5% QoQ to Rs 489 crore on account of higher subscription revenue.
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