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.

Results: Paytm’s consolidated revenue from operations in Q3FY25 dropped 36% year-on-year (YoY) to ₹1,827.8 crore from ₹2,850.5 crore. However, Paytm’s revenue rose 10% sequentially.

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.

On a quarter-on-quarter (Q-o-Q) basis, Paytm's revenue grew 10 percent due to increase in GMV, growth in subscription revenues and increase in revenues from distribution of financial services, the firm said.

Paytm said it achieved 10 per cent sequential revenue growth, due to increase in GMV, healthy growth in subscription revenues and increase in revenues from distribution of financial services.

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.