India, Oct. 28 -- One 97 Communications, which runs the fintech giant Paytm, witnessed a 62% growth in its revenue from operations during Q1 FY22 at INR 890.8 Cr, backed by robust growth in revenue from payment and financial services.

However, the company widened its losses by 34% to nearly INR 382 Cr during the period.

During the corresponding quarter of FY21, the Delhi NCR-based decacorn's operational revenue stood at INR 551.2 Cr.

The fintech company recorded INR 689.4 Cr in revenue from payments and financial services in the April-June quarter of the current fiscal year. The segment contributed around 77% to the overall operational revenues of One 97, the company said in its RHP filing.

Continued losses and lag in profitability ha...