One97 Communications (Paytm) has reported results for second quarter ended September 30, 2022.
The company has reported net loss at Rs 588.80 crore for the quarter under review as compared to net loss of Rs 461.20 crore for the same quarter in the previous year. However, total income of the company increased by 36.02% at Rs 1490.20 crore for Q2FY23 as compared Rs 1095.60 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported net loss at Rs 571.50 crore for the quarter under review as compared to net loss of Rs 473.50 crore for the same quarter in the previous year. However, total income of the company increased by 77.49% at Rs 2013.60 crore for Q2FY23 as compared Rs 1134.50 crore for the corresponding quarter previous year.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.