Paytm, a fintech company, reported a net loss of $66.1M in Q4FY24, up from $20.11M in Q4 2023, on $272.3M revenue due to regulatory issues. The company plans job cuts and asset sales to improve cost efficiencies.
Paytm writes off Rs 227 crore investment in Payments Bank https://t.co/MCvZfzeq0i.
🚨 Paytm CEO hints at more layoffs, expects near-term financial impact due to disruptions in Q4 https://t.co/ku7CG0E6ac.
#Paytm announced that there may be job cuts at the company as it plans to trim non-core assets following its first-ever decline in sales on May 22. https://t.co/L99h8JQDMm
#EarningsWithMC | "We demonstrated strong revenue momentum (up 25%) and continued our disciplined focus on profitability despite regulatory action on PPBL," said #Paytm CEO @vijayshekhar Read👇 https://t.co/C1XoEUEEzO #Earnings #Q4Results #Q4FY24 https://t.co/TRJJeb50IN
Job cuts WARNING for Paytm employees? More layoffs at RBI-probe hit firm soon? https://t.co/YcxKk5eyf8
#Paytm expects near-term impact on revenue, profitability from regulatory action: Vijay Shekhar Sharma https://t.co/nbgAx6BhtH
Paytm’s issues dent Q4 earnings, but hits first EBITDA profitable year in FY 2024 https://t.co/hSSNVmTUWY
India's Paytm warns of more financial impact from banking unit wind down https://t.co/jae0geNnAs https://t.co/BoBRT9ofmm
Job cuts coming at #Paytm? What #VijayShekharSharma told shareholders @_ritusingh https://t.co/DFkaKFROxJ
#Paytm #employees warned of potential #job losses after hit from #RBI probe https://t.co/j1txlvHcKo
#Paytm will focus on its core businesses and improve cost efficiencies to create a leaner organization, CEO @vijayshekhar said in a letter to shareholders, hinting at the likelihood of #layoffs in the future. More details here 👇 https://t.co/C1XoEUEEzO @Paytm | #Q4Results
🚨 IMP: Paytm CEO hints at layoffs, expects near-term financial impact due to disruptions in Q4 By @nainasood https://t.co/AIFaYMX1PL via @moneycontrolcom
#TechWithMC | #Paytm has written off Rs 227.1 crore worth of investment in its associate entity, #PaytmPaymentsBankLimited (PPBL), and accounted for it as impairment losses. Details here 👇 https://t.co/StV88h99Ve @Paytm @PaytmBank | #PPBL
Paytm Warns Of Job Cuts, Asset Sales Amid RBI Probe https://t.co/fEu4MjVvAT
🚨Paytm writes off Rs 227 crore investment in Payments Bank @nainasood reports https://t.co/2OV7pFnGQU
Paytm's parent One 97 Communications reports a $66.1M net loss in Q4, up from $20.11M in Q4 2023, on $272.3M revenue, as it grappled with a regulatory clampdown (@refsrc / TechCrunch) https://t.co/sZ39XVnPMb 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/pus0ml4Xhf
#4QWithCNBCTV18 | Expect near-term financial impact to our revenue & profitability, due to disruptions faced in our business in Q4, @vijayshekhar, #Paytm to shareholders Had paused a few other payments & loan products to our customers during the last quarter; many such products… https://t.co/j3YT4CsCAn
Paytm warned of job cuts and said it would trim non-core assets after reporting its first sales decline on record, reflecting fallout from a regulatory probe that curtailed much of the Indian fintech pioneer’s business. https://t.co/lRLAUTGg65 via @technology
Stocks In News | Paytm: Sees annualised people cost savings of Rs 400-500 cr @Paytm https://t.co/GHzVKKRWW5
Paytm counts costs of regulatory clampdown as losses swell: https://t.co/2Q71O3oBMw by TechCrunch #infosec #cybersecurity #technology #news
Paytm counts costs of regulatory clampdown as losses swell https://t.co/EGLh7UTNoN
#Paytm Q4 Results: June quarter revenue may decline up to 35%, recovery expected from Q2 @hormaz_fatakia https://t.co/K20m5sS1S4
#Q4WithETNOW | Paytm Q4FY24 Preview: Here's a consolidated estimate👇🏾 @Paytm #StockMarket https://t.co/yJgxRK6fAZ
Paytm's worry far from over! Fintech among WORST performing stocks globally ahead of Q4 results 2024 https://t.co/IanzDUVyA4
Earnings Score Card | Here's how these companies performed in Q4FY24👇🏾 #StockMarket #Earnings #Q4Results #Q4WithETNOW https://t.co/kAFdGRhGVf