One97 Communications Ltd., the entity that operates leading digital payments service Paytm, said losses widened last quarter as the newly-listed company struggled to make money off transactions which slowed during the pandemic.
The company reported a loss of 4.74 billion rupees ($63 million) in the quarter ended September from 4.36 billion rupees in the same period a year ago. It’s the first earnings report since Paytm pulled off India’s biggest IPO just days ago.
