Paytm’s FY19 loss almost triples to Rs 4,217cr on higher expenses

Money Control | Sep 10, 2019 at 8:45 AM
  • One97 Communications, the parent of Paytm, nearly tripled its losses in the year-ended March 31 as it spent more on building its brand and expanding its business.
  • On a consolidated basis, the company’s loss widened to Rs 4,217.20 crore in the year-ended March 31 from Rs 1,604.34 crore in the year-ago period, according to the Noida-based firm’s annual report, a copy of which was reviewed by Mint.
  • Its expenses nearly doubled to Rs 7,730.14 crore in the year-ended March 31 from Rs 4,864.53 crore in the previous year.