{"id":45726,"date":"2018-10-29T11:38:40","date_gmt":"2018-10-29T11:38:40","guid":{"rendered":"http:\/\/blastingskyhawk.com\/?p=45726"},"modified":"2018-10-29T11:38:40","modified_gmt":"2018-10-29T11:38:40","slug":"paytm%e2%80%89owner-one97-communications-widens-net-loss-to-rs-1490-cr","status":"publish","type":"post","link":"https:\/\/blastingskyhawk.com\/english\/paytm%e2%80%89owner-one97-communications-widens-net-loss-to-rs-1490-cr\/","title":{"rendered":"Paytm\u2009owner One97 Communications widens net loss to Rs 1,490 cr"},"content":{"rendered":"<p>Paytm\u2019s parent company One97 Communications has reported a higher net loss of Rs 1,490.4 crore for the year ended on March 31, 2018, compared to Rs 879.6 crore in the previous fiscal, according to regulatory filings.<\/p>\n<p>One97 Communications\u2019 revenues from operations, however, grew manifold to Rs 2,987.41 crore in FY2017-18 as against Rs 624.76 crore in FY2016-17, according to the company\u2019s filings to the Corporate Affairs Ministry provided by business intelligent platform Tofler.<\/p>\n<p>Its employee benefits expenses during the fiscal under review were at Rs 540 crore. The filing stated that the company has a number of subsidiaries including Paytm Entertainment, Paytm Money, Mobiquest Mobile Technologies, Little Internet, Xceed IT Solution, Nearbuy India and Acumen Game Entertainment among others.<\/p>\n<p>A separate filing of Paytm E-commerce which operates as Paytm Mall showed that Paytm\u2019s e-commerce venture had registered a net loss of Rs 1,787.55 crore in FY2017-18 as against a loss of Rs 13.63 crore in the previous financial year.<\/p>\n<p>The entity, which competes against the likes of Flipkart, Amazon, Snapdeal and Shopclues, saw its revenue from operations rising manifold to Rs 744.15 crore in FY2017-18 from Rs 7.16 crore in the previous year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paytm\u2019s parent company One97 Communications has reported a higher net loss of Rs 1,490.4 crore for the year ended on March 31, 2018, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":45727,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[410],"tags":[],"class_list":["post-45726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/45726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=45726"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/45726\/revisions"}],"predecessor-version":[{"id":45728,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/45726\/revisions\/45728"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/45727"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=45726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=45726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=45726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}