The company recorded the growth of GMV processed through Paytm’s platform by 123% to Rs 2,501 billion or $33.6 billion, as compared to the Q3 of FY 2021.
Paytm stock was down 9.25 per cent to trade at Rs 1,357.15 at 9:57 AM. Interestingly, the stock was trading close to its record low of Rs 1,271.25 touched November 22, 2021.
One97 Communications Ltd, the parent company which owns and operates the brand Paytm, had recorded a GMV of Rs 72,800 crore in the corresponding period a year ago.
Paytm refers to GMV as the value of total payments made to merchants through transactions on its app, through Paytm payment instruments.
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
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