Paytm loss soars 163% to Rs 4,217 crore

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Payments major Paytm’s consolidated losses have increased by 163% to Rs 4,217 crore for the financial year ending March 2019 compared to the previous year when its net loss stood at Rs 1,604 crore. In comparison to the swelling losses, the company reported a jump of just about 6% in revenue at Rs 3,232 crore at the end of March 2019, from Rs 3,052 cr in 2018.



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