Paytm Q3: Losses narrow; revenues up 38% year-on-year

One 97 Communications reports narrowing losses to Rs 221 crore in Q3 2023. Revenue from operations increased to Rs 2,850 crore, with 38% YoY rise. Paytm focuses on acquiring leadership, introducing new use cases, and extending offerings in financial services. It plans to invest Rs 100 crore in GIFT City for cross-border remittances. Paytm’s share price ends at Rs 773.