Paytm sees marginal revenue growth and doubled losses in Q1 FY24

  • Paytm registered only 0.3% revenue growth to Rs 2,341.6 crore in Q1 FY24 compared to Q4 FY23.
  • The company incurred higher expenses leading to a 2x surge in losses to Rs 358.4 crore during Q1 FY24.
  • Paytm spent Rs 1.2 to earn a rupee of operating income during the quarter.
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