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Paytm reports 76% rise in Q2 revenue to Rs 1,914 cr on surge in loan growth

BENGALURU (Reuters) – Indian agency 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)

(Solely the headline and movie of this report could have been reworked by the Enterprise Normal employees; the remainder of the content material is auto-generated from a syndicated feed.)

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