298
Fashion Jobs
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
L'OREAL GROUP
Retail And Education Manager
Permanent · HONG KONG
TORY BURCH
Senior Manager, Retail Training, Asia
Permanent · HONG KONG
By
Reuters API
Published
Nov 28, 2021
Reading time
2 minutes
Download
Download the article
Print
Text size

India's Paytm September quarter net loss widens

By
Reuters API
Published
Nov 28, 2021

India's One 97 Communications Ltd, the parent of fintech firm Paytm, said on Saturday its net loss for the three months through September widened by 8.4% as expenses rose.


Revenue rose 49.7% to 11.35 billion rupees - Reuters


Paytm, reporting its earnings publicly for the first time since listing this month, reported a consolidated net loss of 4.74 billion rupees ($63.2 million) compared with 4.37 billion rupees in the same period a year earlier.

Revenue rose 49.7% to 11.35 billion rupees.

"We have maintained the growth momentum in our payments services business, expanded our financial services business aggressively and are on our way to pre-COVID volumes for Commerce and Cloud services," Paytm's management said in a statement, adding that the company was well funded.

Paytm counts China's Ant Group and Japan's SoftBank Group Corp among its backers. It raised $2.5 billion in what was India's biggest initial public offering (IPO) this month, but made a dismal debut on the stock exchanges last week.

The stock has since recouped some of the losses but is still down 17% from its issue price of 2,150 rupees.

Market analysts have questioned the company's business model and lack of visibility to turn profitable. Paytm's founder and chief executive, Vijay Shekhar Sharma, has said investors will need time to understand the company's business.

Paytm, founded by Sharma in 2010, began as a platform for adding credit to mobile phones and grew rapidly after U.S. ride-hailing firm Uber Technologies Inc listed it as a quick payment option in India. Its use jumped in 2016 when India's shock ban on high-value currency notes boosted digital payments.

The company, headquartered on the outskirts of capital New Delhi, offers services including merchant payments, insurance and gold sales, movie and flight ticketing, and bank deposits and remittance.

© Thomson Reuters 2024 All rights reserved.