One 97 Communications Limited — Board Meeting, 06-05-2025: Outcome of Board Meeting
06-05-2025 | 04:50 pm
06-05-2025 | 04:50 pm
Paytm has announced a board meeting to approve the financial results for the quarter and half-year. Consolidated revenue declined to INR 1,911.5 Cr for the quarter and INR 6,900.4 Cr for the year. The company posted a consolidated net loss of INR 54.46 Cr for the quarter and INR 66.32 Cr for the year amid continued investments and restructuring. Exceptional gains of INR 82.33 Cr came mainly from selling its movie ticketing and events businesses to Zomato. The MD & CEO’s voluntary ESOP cancellation led to an accelerated charge of INR 49.24 Cr. Operating cash flow remained negative due to working capital and investments.
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