India's Paytm, on Monday, reported a narrower third-quarter adjusted loss compared with the previous quarter as its digital payments business recovered from the winding down of its payments bank unit.

Paytm reported a slight improvement in its Q3 FY25 results, with a 10% QoQ revenue growth and a reduced net loss.

Fintech major One97 Communications, the company behind the payments platform Paytm, reported on Monday that its consolidated loss narrowed to Rs 208.3 crore for the thrid quarter (Q3) of financial year 2024-25 (FY25). During the same period last year, the company had a loss of Rs 219.8 crore.

The company's revenue fell 36% year-on-year to ₹1,827 crore for the third quarter, as against ₹2,850 crore in the corresponding period a year ago. On a sequential basis, revenue rose 10% due to an increase in GMV (gross merchandise value), growth in subscription revenues, and an increase in revenues from the distribution of financial services.

Paytm reported its fiscal third quarter earnings wherein it reported a loss of Rs 208.50 crore, down from a loss of Rs 221.70 crore recorded during the same period of previous financial year.

The company is also looking for international expansion. It has set-up three overseas step-down subsidiaries of Paytm Cloud Technologies in the United Arab Emirates, Kingdom of Saudi Arabia and Singap

India's Paytm reported a narrower sequential loss before exceptional items on Monday as its digital payments business recovered from the winding down of its payments bank unit. The company posted a loss of 2.