India's Paytm, on Monday, reported a narrower third-quarter adjusted loss compared with the previous quarter as its digital payments business recovered from the winding down of its payments bank unit.

Paytm reported a slight improvement in its Q3 FY25 results, with a 10% QoQ revenue growth and a reduced net loss.

Fintech major One97 Communications, the company behind the payments platform Paytm, reported on Monday that its consolidated loss narrowed to Rs 208.3 crore for the thrid quarter (Q3) of financial year 2024-25 (FY25). During the same period last year, the company had a loss of Rs 219.8 crore.

Paytm reported its fiscal third quarter earnings wherein it reported a loss of Rs 208.50 crore, down from a loss of Rs 221.70 crore recorded during the same period of previous financial year.

One97 Communications, owner of Paytm, reported a consolidated loss of Rs 208.5 crore for Q3 ending December 31, 2024, down from Rs 221.7 crore a year earlier. The company's revenue fell by 35.8% year-on-year to Rs 1,

The company is also looking for international expansion. It has set-up three overseas step-down subsidiaries of Paytm Cloud Technologies in the United Arab Emirates, Kingdom of Saudi Arabia and Singap

India's Paytm reported a narrower sequential loss before exceptional items on Monday as its digital payments business recovered from the winding down of its payments bank unit. The company posted a loss of 2.