One97 Communications Limited-The operator of the digital payment platform Paytm announced its July-September quarterly financial results for the 2021-22 fiscal year, reporting a net loss of 47.3 billion rupees on a consolidated basis, but responded last year. period. Paytm’s operating revenue for the second quarter of the current fiscal year was Rs 108.6 billion, up 64% year-on-year, compared to Rs 66.4 billion in the year-ago quarter.
According to the regulator Paytm submitted to the stock exchange today, the surge in revenue is due to a 52% increase in total non-UPI commodity value and more than three times the increase in financial services and other revenue.
Due to non-UPI payments at the payment gateway and device growth, the company’s revenue from payment services to merchants increased 64% to 400 chlores. Revenue from payment services to customers was Rs 353, up 54% due to increased usage of non-UPI payments on consumer platforms.
On Friday, November 26, shares of One97 Communications fell 0.86% at Rs 1,781.15 per share at BSE.