One97 Communications, which owns the Paytm model, has reported a consolidated internet lack of ₹168 crore for the quarter ended March 31, 2023. 

This loss is considerably narrower than the web lack of ₹761 in the identical quarter final yr and the web lack of ₹392 crore within the current December quarter.

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For your complete fiscal 2022-23, Paytm’s consolidated internet loss got here in at ₹1,776 crore, considerably narrower than the web lack of ₹2,396 crore within the earlier fiscal.

Consolidated income from operations for the quarter underneath evaluate surged by 51 per cent YoY to ₹2,334 crore. The income development was led by a rise in gross merchandise worth (GMV), greater service provider subscription revenues, and development of loans distributed by way of the corporate’s platform.

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Gross merchandise worth (GMV) for the quarter rose 40 per cent YoY to ₹3.62 lakh crore (₹3.46 lakh crore)

The typical month-to-month transacting customers (MTU) for This autumn grew by 27 per cent yr on yr to 9 crore due to the continued adoption of cellular funds by shoppers and retailers in India.