One97 Communications, the parent company of the payments platform Paytm, has reported a consolidated loss of Rs 208.3 crore for the third quarter (Q3) of the financial year 2024-25 (FY25), a slight improvement from the Rs 219.8 crore loss recorded during the same period last year. This follows a profitable second quarter (Q2FY25) where the company earned Rs 930 crore, largely due to the sale of its ticketing business to Zomato. Despite this return to profitability, a loss was still reported for the October-December quarter.
The consolidated revenue from operations for Paytm decreased by 36 percent year-on-year, amounting to Rs 1,827.8 crore, down from Rs 2,850.5 crore in Q3FY24. However, on a sequential basis, there was a 10 percent increase in revenue from Rs 1,659.5 crore.
The company also noted a narrower sequential loss before exceptional items, as its digital payments business began to show signs of recovery, particularly following the closure of its payments bank unit.
As of 11:30 am on Monday, shares of Paytm were trading at Rs 908 on the BSE, reflecting a nearly 1 percent increase.