BENGALURU (Reuters) – Indian digital payments agency Paytm reported a 76% bounce in second-quarter income, pushed by a surge in mortgage progress.
Paytm’s guardian, One 97 Communications Ltd, mentioned income rose to 19.14 billion Indian rupees ($233.81 million) within the July-September quarter, from 10.86 billion rupees a 12 months earlier.
Consolidated web loss widened to five.71 billion Indian rupees from a lack of 4.73 billion rupees a 12 months earlier, the corporate mentioned in an alternate submitting.
($1 = 81.8600 Indian rupees)
(Reporting by Anuran Sadhu and Juby Babu in Bengaluru; Enhancing by Shounak Dasgupta)
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