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Fintech major Paytm‘s losses widened to Rs 550 crore in the fourth quarter ended March 2024. The same stood at Rs 169 crore in the last year quarter.
Revenue from operations in the reporting quarter fell 3% year-on-year (YoY) to Rs 2,267 crore, compared with Rs 2,334 crore in the same quarter of the previous year.
The company’s fourth-quarter results were impacted by temporary disruptions on account of the UPI transition and permanent disruption because of the Paytm Payments Bank embargo.
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