Paytm shares tumble over 7% submit Q3 earnings
1 min readShares of One97 Communications, which operates underneath the Paytm model, tumbled over 7 per cent after the corporate reported widening of consolidated loss to Rs 778.5 crore within the December 2021 quarter.
It declined 5.69 per cent to Rs 898.95 on the BSE.
On the NSE, the inventory tumbled 7.55 per cent to Rs 881.30.
The digital funds and monetary providers firm had registered a lack of Rs 535.5 crore in the identical interval a 12 months in the past, based on monetary outcomes of the corporate filed with the BSE on Friday.
The consolidated income from operations of Paytm, nevertheless, elevated by about 88 per cent to Rs 1,456.1 crore in the course of the reported quarter from Rs 772 crore it posted within the December 2020 quarter.