May 22, 2024 11:29 AM

Paytm registers 25% growth in revenue at Rs 9,978 crore in 2023-24

Paytm, the leading fintech brand operated by One 97 Communications, has reported a 25% surge in revenue, reaching Rs 9,978 crore during the financial year 2023-24. The company attributed the growth to the increasing gross merchandise value (GMV), expansion of merchant devices, and the flourishing financial services distribution business. Paytm achieved EBITDA profitability before ESOP costs of Rs 559 crore for the first full year since its initial public offering (IPO). During the fourth quart...