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One97 Communication Limited, parent company of Paytm, saw a 25% revenue growth in FY24, reaching Rs 9,978 crore. Income from payment services and financial services rose 25% and 30%, respectively. Total income hit Rs 10,525 crore. Despite a 15% rise in total expenditure, Paytm reduced net losses by 20% to Rs 1,422 crore, maintaining EBITDA profitability before ESOP.

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Paytm Money, the trading platform and a wholly-owned subsidiary of One97 Communications, has managed two-fold growth in its scale in FY23. Importantly, the firm has also come into a positive bottomline territory. Paytm Money’s operating revenue surged to Rs 131.3 crore during FY23 from Rs 64.1 crore in FY22, according to its standalone financial statements filed with the Registrar of Companies (RoC)- reported by Entrackr.

Paytm was found by Vijay Shekhar Sharma in August 2010. Paytm workers under one97 communication Ltd. its an Indian based e-commerce portal a fast and secure way of money transfer. In the last few years Paytm made a big number of users. You can use Paytm for all kinds of money transactions like DTH Recharge, Mobile Recharge, Education Bills, Shopping Bills, Food Bills, clothing’s Bills, Hotel Bills, House Rents, and many more. Paytm is one of the most usable and safe secure money transformation platforms in India.

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In Tuesday’s intra-day trade, PayTm’s shares hit a new low of Rs 483.30 on the BSE, 77% below the company’s IPO price of Rs 2150.

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