With a drop in revenues due to the pandemic, the company also cut losses by 42% to ₹1701 crore in the fiscal ending March 2021 (FY’21), on a consolidated basis. For FY’20, the company had cut losses by 30% to ₹2942.3 crore. Paytm’s total burn reduced by 22% to ₹4,783 crore in FY’21 from ₹6,138.23 crore in FY’20. As Paytm reduces burn, its losses continue to be a matter of concern during its listing process. One 97 Communications currently houses the company’s movie and travel ticketing business; its wealth management platform, Paytm Money; its online payment gateway business, Paytm Payment Gateway, along with its offline point-of-sale business.

Source: Mint June 05, 2021 09:57 UTC