One 97 Communications, which operates popular fintech brand Paytm, reported a 25 per cent rise in revenue at Rs 9,978 crore in the just concluded financial year 2023-24.
The company attributed the growth to GMV growth, device additions, and growth in the financial services distribution business.
Since its IPO, when the company went public, it for the first full year EBITDA before ESOP profitability of Rs 559 crore, its earnings results released Wednesday showed.
In the January-March quarter, however, Paytm reported a revenue of Rs 2,267 crore, a modest decline of 3 per cent year-on-year.
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