Bengaluru, Sept. 13 -- One97 Communications Ltd, the parent of Paytm, nearly tripled its losses in the year ended 31 March as it spent more on building its brand and expanding its business. On a consolidated basis, the company's loss widened to '4,217.20 crore in the year ended 31 March from '1,604.34 crore in the year-ago period, according to the firm's annual report, a copy of which was reviewed by Mint. According to a confidential report prepared by investment bank Corporate Professionals Capital Pvt. Ltd for Paytm earlier this year, One97 was expected to report its first profit of '207.61 crore in fiscal year 2021. "One97 Communications may report a profit of around '8,512.69 crore by fiscal 2026," Mint reported in February this year. T...