One 97 Communications, parent company of Paytm, reported $66.1M net loss in March quarter due to regulatory issues. Paytm's FY24 net loss decreased to $170M, but revenue grew 25% to $1.19B.
Paytm faced $27.2M loss on impairing investment in Paytm Payments Bank Ltd due to RBI restrictions. It ended major activities with PPBL, impacting its investment value.
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