Paytm share price trades in green post operating performance updates for May
Shares of One 97 Communications rose over a per cent but soon cooled off to trade with mild gains in morning trade on BSE on Monday after the company's update on its operating performance for the month of May showed healthy growth in the consumer base for the June quarter to date. The company in a BSE filing on Monday said it continued witnessing the expansion of the consumer base with average monthly transacting users at 9.2 crore for the quarter to date, up 24 per cent year-on-year. "Merchant Payment Volumes for the quarter to date stood at ₹2.65 lakh crore, with YoY growth of 35 per cent. As Mint reported earlier, Paytm's consolidated net loss narrowed sharply to ₹168.4 crore in the fourth quarter of FY23, compared to a loss of ₹761.4 crore in Q4 of the previous year.
Paytm strengthens merchant payments leadership, deploys 71 lakh devices in April
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