Fintech major Paytm has narrowed its losses for the quarter ended September 2023 to Rs 290 crore compared with Rs 357 crore in the preceding June quarter and Rs 571 crore in the previous year quarter.
Revenue from operations during the reporting period jumped 32% year-on-year (YoY) to Rs 2,519 crore. The same stood at Rs 1,914 crore a year ago.
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EBITDA (before ESOPs) further improved in the second quarter to Rs 153 crore as against Rs 84 crore in the first quarter.
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