NEW DELHI: Digital monetary providers agency One97 Communications on Friday mentioned it has narrowed its consolidated web loss to Rs 392 crore within the third quarter ended December 2022.
The firm had posted a web loss of Rs 778.4 crore in the identical interval a 12 months in the past.
Its income from operations jumped about 42 per cent to Rs 2,062.2 crore in the course of the quarter from Rs 1,456.1 crore within the 12 months-in the past interval.
Paytm founder and CEO Vijay Shekhar Sharma mentioned the corporate in the course of the reported quarter has achieved its goal for operational revenue, excluding ESOP value.
“I wrote to you on April 6, 2022, and set a target for EBITDA before ESOP cost breakeven by the September 2023 quarter.
“I’m very completely happy to share that our firm has achieved this milestone of EBITDA earlier than ESOP value profitability within the December 2022 quarter itself. This is three quarters forward of our steering,” Sharma mentioned.
Shares of the corporate closed 3.83 per cent down at Rs 524.9 apiece on BSE.
The monetary results of the corporate got here after market hours.
The firm had posted a web loss of Rs 778.4 crore in the identical interval a 12 months in the past.
Its income from operations jumped about 42 per cent to Rs 2,062.2 crore in the course of the quarter from Rs 1,456.1 crore within the 12 months-in the past interval.
Paytm founder and CEO Vijay Shekhar Sharma mentioned the corporate in the course of the reported quarter has achieved its goal for operational revenue, excluding ESOP value.
“I wrote to you on April 6, 2022, and set a target for EBITDA before ESOP cost breakeven by the September 2023 quarter.
“I’m very completely happy to share that our firm has achieved this milestone of EBITDA earlier than ESOP value profitability within the December 2022 quarter itself. This is three quarters forward of our steering,” Sharma mentioned.
Shares of the corporate closed 3.83 per cent down at Rs 524.9 apiece on BSE.
The monetary results of the corporate got here after market hours.
