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Paytm's Q1 earnings may be a blip; analysts positive on the stock

Paytm reported a net loss of Rs 360 crore, but revenue grew 39 per cent year-on-year (YoY) to Rs 2,340 crore

Q1 results, Q1 earnings
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Illustration: Ajay Mohanty

Devangshu Datta

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While analysts assessed One97 Communications (Paytm) Q1FY24 results as in-line with guidance, the market was disappointed and the stock fell by around 5 per cent.

Paytm reported a net loss of Rs 360 crore, but revenue grew 39 per cent year-on-year (YoY) to Rs 2,340 crore.

It was supported by strong growth in gross merchandising value (GMV), higher disbursements and the addition of subscription devices.

The net payment margin grew 69 per cent YoY to Rs 650 crore in Q1. The Q1 loss of Rs 360 crore is optically poor versus the reported Q4FY23 loss of Rs 170

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First Published: Jul 24 2023 | 11:16 PM IST

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