Paytm posts 76% revenue increase in Q2

New Delhi: Paytm, an Indian digital payments company, announced a 76% increase in second-quarter revenue due to a sharp increase in loan growth.

One 97 Communications Ltd., the parent company of Paytm, reported that sales increased in the quarter ending in September from 10.86 billion Indian rupees to 19.14 billion rupees ($233.81 million).

According to the company’s exchange statement, the combined net loss increased to 5.71 billion Indian rupees from 4.73 billion rupees a year earlier.