BENGALURU (Reuters) – Indian digital payments firm Paytm reported a 76% jump in second-quarter revenue, driven by a surge in loan growth.
Paytm’s parent, One 97 Communications Ltd, said revenue rose to 19.14 billion Indian rupees ($233.81 million) in the July-September quarter, from 10.86 billion rupees a year earlier.
Consolidated net loss widened to 5.71 billion Indian rupees from a loss of 4.73 billion rupees a year earlier, the company said in an exchange filing.
($1 = 81.8600 Indian rupees)
(Reporting by Anuran Sadhu and Juby Babu in Bengaluru; Editing by Shounak Dasgupta)
Note:- (Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor. The content is auto-generated from a syndicated feed.))
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