NewsBytes
    Hindi Tamil Telugu
    More
    In the news
    Narendra Modi
    Amit Shah
    Box Office Collection
    Bharatiya Janata Party (BJP)
    OTT releases
    Hindi Tamil Telugu
    NewsBytes
    User Placeholder

    Hi,

    Logout

    India
    Business
    World
    Politics
    Sports
    Technology
    Entertainment
    Auto
    Lifestyle
    Inspirational
    Career
    Bengaluru
    Delhi
    Mumbai

    Download Android App

    Follow us on
    • Facebook
    • Twitter
    • Linkedin
    Home / News / Business News / Paytm's Q1 losses surge to ₹839cr, revenue plummets by 36%
    Summarize
    Next Article
    Paytm's Q1 losses surge to ₹839cr, revenue plummets by 36%
    Paytm's Q1 FY2025 revenue from operations decline sharply by 36% to ₹1,502 crore

    Paytm's Q1 losses surge to ₹839cr, revenue plummets by 36%

    By Mudit Dube
    Jul 19, 2024
    11:29 am

    What's the story

    One 97 Communications Ltd, the parent company of Paytm, reported a significant increase in its consolidated net loss for the first quarter of fiscal year 2025.

    The net loss ballooned to ₹839 crore, a stark rise from ₹357 crore reported in the same period last year.

    Additionally, the fintech firm saw its revenue from operations decline sharply by 36% to ₹1,502 crore compared to ₹2,342 crore in the corresponding period last year.

    Regulatory constraints

    RBI restrictions on Paytm Payments Bank impact financials

    The financial setback is largely attributed to the Reserve Bank of India (RBI) imposing restrictions on Paytm's associated entity, Paytm Payments Bank Limited (PPBL), earlier this year.

    The RBI's curbs have significantly impacted the company's financial performance.

    Prior to these restrictions, Paytm had written off an investment worth ₹227.1 crore in PPBL and accounted for it as impairment losses.

    Market reaction

    Paytm's share price increases following Q1 results announcement

    Contrary to expectations, the announcement of these financial results led to a slight increase in Paytm's share price.

    As of 11:25 am, Paytm shares were trading at ₹451 apiece, marking an increase of 1.5%.

    In comparison, Nifty and Sensex were trading in the red. At the time of writing, the former was down 140 points at 24,660 while the latter tanked 315 points to 81,025.

    Facebook
    Whatsapp
    Twitter
    Linkedin
    Related News
    Latest
    Paytm

    Latest

    Michael Vaughan suggests UK as potential venue for IPL 2025 Michael Vaughan
    Arsenal's Mikel Arteta warns fans about potential striker signing challenges Mikel Arteta
    Erling Haaland ready to return from injury for Manchester City Erling Haaland
    Shukri Conrad expects South Africa players to prioritize national duty Anrich Nortje

    Paytm

    Paytm shares crash as Macquarie downgrades price to Rs. 275 Reserve Bank Of India (RBI)
    Paytm shares tumble to 52-week low, down 65% from highs Reserve Bank Of India (RBI)
    ED to probe money laundering charges against Paytm Payments Bank Business
    RBI curbs: Paytm Payments Bank excluded from authorized FASTag issuers Fastag
    Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
    About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
    Follow us on
    Facebook Twitter Linkedin
    All rights reserved © NewsBytes 2025