Paytm reports 76% rise in Q2 revenue to Rs 1,914 cr on surge in loan growth

BENGALURU (Reuters) – Indian digital payments firm Paytm reported a 76% jump in second-quarter revenue, driven by a surge in loan growth.

Paytm’s parent, One 97 Communications Ltd, said revenue rose to 19.14 billion Indian rupees ($233.81 million) in the July-September quarter, from 10.86 billion rupees a year earlier.

Consolidated net loss widened to 5.71 billion Indian rupees from a loss of 4.73 billion rupees a year earlier, the company said in an exchange filing.

($1 = 81.8600 Indian rupees)

(Reporting by Anuran Sadhu and Juby Babu in Bengaluru; Editing by Shounak Dasgupta)

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