Paytm, led by Vijay Shekhar Sharma, reported a significant increase in net losses in Q4, with a one-time loss from investments in Paytm Payments Bank. The company anticipates revenue and profitability challenges due to disruptions and regulatory actions, projecting a substantial operating revenue decline and EBITDA loss for the June quarter. Despite a 24.8% revenue growth in FY24, the loss narrowed by 20% year-on-year. Paytm's Q4 earnings show a threefold increase in net losses, reaching Rs 550 crore, with a consolidated loss of Rs 549.6 crore. Revenue dropped to Rs 2,399 crore in Q4, down from Rs 2,465 crore the previous year.
#Paytm reported a drop in revenue to ₹2,399 crore in Q4 from ₹2,465 crore a year earlier and losses widened to ₹551 crore in a quarter https://t.co/LLxlPx24bH
Paytm #Q4Results Paytm reports a wider consolidated loss of Rs 549.6 crore in the fourth quarter (#Q4FY24) from Rs 168.4 crore in the same quarter last year. @AjinkyaJK #paytm #upi #digitalpayment https://t.co/xsTS1z5CpR
#Paytm expects near-term impact on revenue, profitability from regulatory action: Vijay Shekhar Sharma https://t.co/nbgAx6BhtH
#EarningswithYS | @Paytm's FY24 revenue jumps 24.8% to Rs 9,978 crore, driven by growth in core payments and financial services. Loss narrows by 20% YoY. by @sayanwho Read More 👇 https://t.co/UGlYqPi0GY.
Top stories on @ETtech today. 1. 🔽🔽Paytm's Q4 earnings: Threefold increase in net losses at Rs 550 crore. Paytm has booked a one-time loss of Rs 227 crore as impairment from its investments in Paytm Payments Bank. @pranavmukul reports https://t.co/FQ7sRgBRAY
Paytm's financials will feel the impact of RBI's actions in the June quarter. Projections for April-June 2024: Operating revenues: ₹1600 cr (down 56% from Dec high) Adjusted EBITDA loss: ₹600 cr (vs. ₹559 cr profit in March) https://t.co/bpedNucQVN
#Paytm's #VijayShekharSharma told shareholders that the company's revenue and profitability will be impacted in the near-term due to disruptions faced in the business in Quarter 4. https://t.co/5JTA5BdqM2
#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
Paytm net loss widens in Q4: Here's what Vijay Shekhar Sharma said https://t.co/nD7PTjsIKK