Moreover, analysts believe a Chinese shareholder (Antfin) ceasing to be the largest shareholder, would also directionally be positive for the company fundamentals. This event also reduces risk that some other strategic investor coming who would have a major stake similar to that of Sharma, it added. Furthermore, Sharma buying the stake at Friday's close indicates his confidence in the story with a “skin in the game" approach," BofA said in a report. The growth was driven by an increase in merchant subscription revenues, growth in loan distribution, and momentum in the commerce business. We grew our revenues by 42 Y-o-Y in the third quarter of FY 2023 to 2,062 crore. In the fourth quarter, we received UPI incentive for the full year at 182 crore (up 102. Its revenue from operations for the second quarter jumped 63.6 percent to Rs 1,086.4 crore on a year-on-year (Y-o-Y) basis. Paytm Q2 result: The company posted a loss of Rs 473 crore, up 8.5 percent from Rs 382 crore compared to the corresponding quarter last year. We have further expanded our EBITDA before ESOP costs to 234 crore. It is 22 percent higher than the revenue of Rs 890.8 crore in the previous quarter. Our revenue from operations jumped 61 YoY to 7,990 Cr in FY23. What’s the news: One 97 Communications (Paytm's parent company) reported a 76 (YoY) jump in its Q2 revenue from Rs 1086.4 crore in FY22 to Rs 1914 crore in FY23. “We consider this announcement to be positive as it removes overhang on the stock from the risk that Antfin in future may look to reduce its stake leading to more supply. Here’s How We Built a Scalable Revenue Generating UPI Model With Focus on Merchant Payments. Paytm - Indias Most Popular Platform for Money Transfer, BHIM UPI Payments, Recharges and other online payments. We have announced our Q4FY23 and FY23 results. The value of Paytms loan disbursals grew 387 year-on-year (YoY) to Rs 3,056 crore in October, while the number of loans disbursed grew 161 YoY to 3.4 million, the digital payments firm said in a filing with India’s stock exchanges on November 14. Paytm founder Vijay Shekhar Sharma buying 10.30% stake in the company from Antfin resulted in a Chinese entity ceasing to be largest shareholder in the company, which analysts believe to be positive for Paytm’s fundamentals and also remove overhang on the stock.Īnalysts at BofA Securities noted that a Chinese shareholder ceasing to be the largest shareholder, would also directionally be positive for the company fundamentals. , 01:00:57 PM IST Paytm Q2 Results Live: Chinese shareholder reducing stake in Paytm a fundamentally positive: analysts
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