Fintech major Paytm narrowed its consolidated net loss by 6% to INR 208.5 Cr in the December quarter of the financial year 2024-25 (Q3 FY25) from INR 221.7 Cr in the same quarter of the previous fiscal year.

The Vijay Shekhar Sharma-led company posted a net profit of INR 930 Cr in the quarter ended September 30, 2024 on account of the sale of its movie and events ticketing business to foodtech major Zomato.

Revenue from operations declined 36% to INR 1,827.8 Cr during the quarter under review from INR 2,850.5 Cr in the year-ago period. However, it rose 10% from INR 1,659.5 Cr on a quarter-on-quarter basis.

Including other income of INR 188.7 Cr, total revenue stood at INR 2,016.5 Cr in the quarter ended December 31, 2024 as compared to INR 2,999.1 Cr in the same quarter last year.

The fintech giant managed to bring down its overall expenses by 31% to INR 2,219.8 Cr in Q3 FY25 from INR 3,216.3 Cr in Q3 FY24

Shares of Paytm were trading 0.62% lower at INR 894.10 apiece on the BSE at 10:52 AM.

(The story will be updated shortly.)

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