Paytm Q2 News Today

Internet stocks are recovering in 2023 after a weak investor response to their initial public offerings. This comes on the back of an improvement in their profitability in the recent quarters.

Paytm, L&T Finance, JSW Steel Q2 results, PM to launch India’s first RapidX train project in Top News on October 20: Share markets, Nifty, Bank Nifty, gold, crude oil outlook, OnePlus Pad Go first sale on Flipkart, Amazon, Croma, Reliance and OnePlus Stores, daily petrol and diesel rates also in focus in top stories today.

EBITDA (before ESOPs) further improved in the second quarter to Rs 153 crore as against Rs 84 crore in the first quarter.

NEW DELHI: One 97 Communications which runs fintech major Paytm reported a 49% year-on-year decline in consolidated net losses in the September quarte.

India Business News: NEW DELHI: One 97 Communications, which runs fintech major Paytm, has reported narrowing of consolidated net losses to Rs 291.

Adjusted EBITDA (before ESOPs) for the quarter is likely to improve further sequentially to Rs 175 crore, compared with Rs 84 crore in the preceding June quarter. Paytm narrowed its losses to Rs 357 crore in the quarter ended June. Revenue from operations during the quarter rose 39% to Rs 2,342 crore.

The company had posted a loss of Rs 481 crore in the same period a year ago, Paytm said in its regulatory filing.

Paytm Q2 results: Consolidated total income increase by 49.6%

Paytm Q2, FY22 GMV more than doubles to Rs 1,95,600 cr