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HomeIndiaIndia's Paytm posts narrower sequential loss before one-offs on payments business recovery

India’s Paytm posts narrower sequential loss before one-offs on payments business recovery

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(Reuters) – India’s Paytm reported a narrower sequential loss before exceptional items on Monday as its digital payments business recovered from the winding down of its payments bank unit.

The company posted a loss of 2.08 billion rupees ($24.05 million) before exceptional items and tax for the third quarter ended Dec. 31, compared to a 4.07 billion rupee loss in the previous quarter.

($1 = 86.4750 Indian rupees)

(Reporting by Nishit Navin)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibility for its content.

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