One97 Communications, Paytm’s parent company, posted a Rs 208.5 crore net loss in the third quarter of FY25, marking a reversal from the profit of Rs 930 crore made in the previous quarter (Q2).
However, the net loss decreased from the Rs 221.7 crore loss incurred in the third quarter of FY24.
The fintech company reported a 35.87% year-on-year decline in revenue from operations for the third quarter of FY25, at Rs 1,827.8 crore, from Rs 2,850.5 crore in the same period last year.
Sequentially, revenue grew 10.14% from Rs 1,659.5 crore in Q2 FY24, led by expansion in GMV during the festive season and higher subscription revenues.
Total income for the quarter stood at Rs 2,016.5 crore, a 32.76% YoY drop from Rs 2999.1 crore in Q2 FY25. Sequentially it increased 10% from Rs 1834 crore in Q2.
Total expenses dropped 30.98% year-on-year to Rs 2,219.8 crore from Rs 3216.3 crore in Q3 FY24. Expenses were down 1.11% sequentially from Rs 2,244.8 crore in the previous quarter.
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