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Paytm recorded average monthly transacting users (MTU) for the quarter at 74.8 million, registering a growth of 49 per cent YoY.
India's biggest fintech player, One97 Communication-owned Paytm, is set to report its June quarter (Q1FY23) results on Friday, August 5. Analysts expect the company to narrow its net loss on a sequential basis on the back of steady loan disbursements and new device addition.
"With steady loan disbursements and new device addition, we expect Paytm to post healthy sequential growth in revenue. However, RBI's embargo on customer additions for the Payments Bank in March would have its impact," said YES Securities in its earning preview report.
The brokerage pegs consolidated revenue at Rs 1,810.6 crore, up 17.5 per cent QoQ.
First Published: Aug 03 2022 | 2:00 PM IST