पेटीएम को पहली-तिमाही में ₹839 करोड़ का घाटा: पिछले साल इसी तिमाही में यह ₹357 करोड़ था, एक साल में शेयर 45% गिरा

Paytm’s parent company One 97 Communications has suffered a loss of Rs 839 crore on an annual basis in the first quarter of the financial year 2024-25. The loss in the same quarter of the previous financial year i.e. 2023-24 was Rs 357 crore. That is, the company’s loss has increased by 134%.

The company’s revenue has also declined. In the April-June quarter, Paytm’s revenue from operations was Rs 1,502 crore. In the same quarter last year, the revenue was Rs 2,342 crore. That is, in the first quarter, the company’s revenue fell by 36% on an annual basis.

RBI’s ban on Paytm Payment Bank has affected its business. After the announcement of quarterly results, Paytm’s shares have increased by about 1%. It is trading at Rs 450. In the last one year, the shares have fallen by about 45%.

Loss reduced by 53% on quarterly basis
In the first quarter of the financial year 2024-25, there has been a loss of Rs 839 crore on an annual basis. In the previous quarter i.e. January-March, the company had a loss of Rs 550 crore. That is, the loss has reduced by 53% on a quarterly basis.

In the April-June quarter, Paytm’s revenue from operations was Rs 1,502 crore. In the previous quarter, i.e. January-March, Paytm’s revenue from operations was Rs 2,267 crore. That is, the company’s revenue fell by 34% on a quarterly basis.

RBI’s ban affects Paytm’s business
In a circular issued on January 31, 2024, RBI had said that money cannot be deposited in Paytm Payment Bank accounts after February 29 (later extended to March 15). Money cannot be deposited in wallets, prepaid services, fastag and other services through this bank.

However, there was no restriction on the withdrawal or use of money in savings account, current account, prepaid instruments, Fastag, National Common Mobility Card etc. of Paytm Payments Bank customers. It can be used as long as the balance is available.

Paytm was started in 2009
Paytm’s parent company One97 Communications launched the Paytm payment app in August 2009. Its founder is Vijay Shekhar Sharma. Currently, Paytm has more than 30 crore users in the country. Paytm’s market cap is around Rs 28 thousand crore.