Increase in Paytm’s revenue by 1.3%

Paytm saw a 1.3 percent rise in the consolidated total revenue at Rs 3,628.85 crore for the fiscal ended March 2020 as against Rs 3,579.67 crore for the financial year ended March 2019. Inspite of having healthy competitors like PhonePe, Google Pay, Flipkart’s Phonepe, still it clocked a 1.3 percent rise in the consolidated total revenue at Rs 3,628.85 crore for the fiscal ended March 2020 as against Rs 3,579.67 crore for the financial year ended March 2019. Paytm shared its statement from September when the company had said its 2019-20 revenue has increased to Rs 3,629 crore with a 40 percent decline in losses. It, however, had not shared the amount of loss registered in 2019-20 at that time. On a standalone basis, the company’s total revenue was at Rs 3,350.59 crore in 2019-20 as against Rs 3,391.61 crore in the preceding financial year, according to the regulatory document. Paytm managed to lower losses single handedly as well as from However, Paytm managed to its losses from Rs 3,959.64 crore in 2018-19 to Rs 2,833.18 crore in 2019-20.