(Reuters) -India's Paytm on Tuesday reported a wider sequential loss for the March quarter as one-time employee stock option costs weighed on earnings.

The digital payments firm posted a loss of 5.4 billion rupees ($64.03 million) for the three months ended March 31, compared with a loss of 2.08 billion rupees in the previous quarter.

Founder and CEO Vijay Shekhar Sharma gave up 210 million in employee stock options (ESOP) during the quarter, triggering a one-time expense of 4.92 billion rupees.