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.
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