Paytm's founder Vijay Shekhar Sharma has said that he is aware of the expectations that the company carries and assured investors that they are on the path to profitability and free cash flows.
One97 Communications reported its Q2 results for FY2023 last week.
JM Financial, post the earnings call, said, “We like the management’s approach to improve efficiencies and focus on profitability and expect Ebitda breakeven by FY26E. Paytm has corrected 70 per cent since its IPO while its operating metrics are gradually improving (net payment margin, ramp up of financial services).”
For the month of October, the Sharma-led company noted that the annualised run rate of loan disbursals reached Rs 37,000 crore.
And the monthly transacting users also grew to 84 million last month compared to 63 million in the year-ago month.
Source: Businesstoday
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