Paytm released its financials for Q2 FY24

The company announced its financials for Q2 FY24. The revenue of the company increased by 31.6% from Rs1,914.0 Cr in Q2 FY23 to Rs 2,518.6 Cr in Q2 FY24. The net loss of the company reduced from Rs -571.5 Cr in Q2 FY23 to Rs -291.7 Cr in Q2 FY24. The assets of the company increased by 6.5% in Q2 FY24 from Rs 17,977 Cr in Q2 FY23 to Rs 19,152 Cr. Company turned EBITDA positive before ESOP to Rs 153 Cr in Q2 FY24 vs a loss of Rs 166 Cr in Q2 FY23. The value of the loans distributed through Paytm platform increased by 122% Y-o-Y from Rs 7,313 Cr in Q2 FY23 to Rs 16,211 Cr in Q2 FY24