New Delhi: Paytm's parent company One 97 Communications' losses continue to grow. The company's revenue may have increased in the October-December quarter this year, but its losses have increased further. While the shares of the company still remain low. In the October-December quarter of the current financial year 2021-22, the company's consolidated loss has increased to Rs 778.5 crore.
In the same quarter of 2020-21, the company's loss was Rs 535 crore. In the July-September 2021 quarter, the deficit was recorded at Rs 481.70 crore. In the third quarter of the current financial year, the company's consolidated income grew by 89 per cent. It has reached Rs 1,456 crore. In the same quarter of 2020-21, the figure was Rs 772 crore. Let us know that Paytm was listed in the stock market in November 2021. The company had come up with the country's largest-ever IPO of Rs 18,300 crore for this.
The company had kept its upper price bank at Rs 2,150, but on November 8, 2021, it was listed by more than 27 per cent. Since then, the company's shares have been falling steadily, with the company's stock still remaining 38.95 per cent below its listing price on the National Stock Exchange (NSE), while investors who put money into the stock at its issue price are running in huge losses. On Friday, the company's stock had settled at Rs 952.90.
Why Indian government not accepting Tesla's demand? Entire opposition is supporting Elon Musk
Good news about petrol and diesel prices, know today's price
This business of water will make you millionaire, getting subsidy from govt