6 Key Highlights From Paytm's Q3 2023 Financials

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Paytm’s net loss narrowed over 43% to INR 222 Cr Q3 FY24 from INR 392 Cr in year ago period.

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Paytm’s operating revenue surged 38% to INR 2,850 Cr in the reported quarter from INR 2,062 in Q3 FY23.

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Sales revenue increased 13% from INR 2,518.6 Cr posted in the preceding September quarter.

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Paytm’s adjusted EBITDA, improved by INR 188 Cr year-on-year (YoY) to INR 219 Cr in Q3.

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Paytm disbursed loans amounting to INR 15,535 Cr during the quarter, up 56% YoY.

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Paytm said its revenue growth was driven by acceleration in GMV growth, higher device addition, and growth in financial services business

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Read the full coverage here:

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