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One 97 Communications LimitedResults, 20-01-2025: Integrated Filing- Financial

20-01-2025 | 08:09 pm

One 97 Communications Limited has announced a board meeting to discuss the financial results for the quarter and nine months ended December 31, 2024. The company reported a revenue from operations of ₹14,916 million, reflecting a significant decrease from the previous quarter. Expenses have risen, leading to a loss before tax of ₹2,053 million. Notably, an exceptional gain of ₹12,581 million was recognized from the sale of its movie ticketing and events business, enhancing overall sentiment. The ongoing regulatory challenges with Paytm Payments Bank may pose potential risks, but the sale's success offers a positive outlook for the company's operational focus on core financial services.

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