India's Paytm reported a narrower sequential third-quarter adjusted loss on Monday as its digital payments business recovered from the winding down of its payments bank unit. The company posted a loss of 2.

Paytm reported a slight improvement in its Q3 FY25 results, with a 10% QoQ revenue growth and a reduced net loss.

Results: Paytm’s consolidated revenue from operations in Q3FY25 dropped 36% year-on-year (YoY) to ₹1,827.8 crore from ₹2,850.5 crore. However, Paytm’s revenue rose 10% sequentially.

Paytm reported its fiscal third quarter earnings wherein it reported a loss of Rs 208.50 crore, down from a loss of Rs 221.70 crore recorded during the same period of previous financial year.

On a quarter-on-quarter (Q-o-Q) basis, Paytm's revenue grew 10 percent due to increase in GMV, growth in subscription revenues and increase in revenues from distribution of financial services, the firm said.

Fintech major One97 Communications, the company behind the payments platform Paytm, reported on Monday that its consolidated loss narrowed to Rs 208.3 crore for the thrid quarter (Q3) of financial year 2024-25 (FY25). During the same period last year, the company had a loss of Rs 219.8 crore.

India's Paytm reported a narrower sequential loss before exceptional items on Monday as its digital payments business recovered from the winding down of its payments bank unit. The company posted a loss of 2.