Paytm reported a slight improvement in its Q3 FY25 results, with a 10% QoQ revenue growth and a reduced net loss.

Fintech major One97 Communications, the company behind the payments platform Paytm, reported on Monday that its consolidated loss narrowed to Rs 208.3 crore for the thrid quarter (Q3) of financial year 2024-25 (FY25). During the same period last year, the company had a loss of Rs 219.8 crore.

Paytm said it achieved 10 per cent sequential revenue growth, due to increase in GMV, healthy growth in subscription revenues and increase in revenues from distribution of financial services.

Loss follows a profitable Q2 FY25, when the company posted a net profit of Rs 928.3 crore, driven by the sale of its movie and ticketing business to food aggregator Zomato

Paytm reported its fiscal third quarter earnings wherein it reported a loss of Rs 208.50 crore, down from a loss of Rs 221.70 crore recorded during the same period of previous financial year.

India's Paytm, on Monday, reported a narrower third-quarter adjusted loss compared with the previous quarter as its digital payments business recovered from the winding down of its payments bank unit.

The revenue was, however, up 10 per cent on a quarter-on-quarter basis showing a sign of recovery in the company's business.

India's Paytm reported a narrower sequential loss before exceptional items on Monday as its digital payments business recovered from the winding down of its payments bank unit. The company posted a loss of 2.