Paytm, an Indian fintech company, reported its Q3 results showing a narrowed loss of Rs 221 crore and a revenue increase of 38% year-over-year to Rs 2,850 crore, up from Rs 2,062 crore in the same quarter of the previous year. The company has been focusing on cost-cutting measures and expanding services to small merchants, which contributed to the reduction in losses. Additionally, Paytm posted its fifth consecutive operating profit, attributed to festive demand. Looking ahead, Paytm is expecting futures & options and equity trading to become a significant part of its financial services revenue in the next 12-18 months, and has set up a separate line of business which allows it to offer daily and monthly SIPs, as stated by President and COO Bhavesh Gupta.
Paytm expects F&O and equity trading to be big part of financial services revenue in 12-18 months President and COO Bhavesh Gupta told analysts that the company has set up a separate line of business which allows it to offer daily and monthly SIPs. https://t.co/Z2vcWYCnVP
💸 @Paytm scaled down one of its most popular credit products, Paytm Postpaid, in December. The impact of this on Paytm’s business became evident in the company's third-quarter financials. With credit the cornerstone of its business, what's the road ahead for the #fintech?
India's Paytm posts fifth straight operating profit on festive demand https://t.co/xpjdZgKCiL https://t.co/4oqVVJic98
ETtech Top 5 | #Paytm trims Q3 losses; #Dream11 FY23 revenue grows 66% Also in this letter: ■ Interview with Samsung’s Southwest Asia president and CEO ■ ETtech Deals Digest ■ Davos 2024: Tech chiefs hype AI’s potential https://t.co/k6Ry8jcRtC
Paytm Q3 results: Revenue rises 38%, losses narrow to Rs 221 crore https://t.co/CFpqObC20t
.@Paytm Q3 results with @ETtech https://t.co/F4Ts9HSLW5
#Paytm Q3 Results: Loss narrows to Rs 220 crore; revenue jumps 38% YoY Revenue from operations in the third quarter jumped 38% to Rs 2,850 crore as against Rs 2,062 crore in the corresponding quarter of the previous year. https://t.co/chPy5cMbJ1
Paytm trims losses in the latest quarter after the Indian fintech company cut costs and scaled up services to small merchants https://t.co/8Kh9Ci7hUd
#Paytm Q3 results today: Here’s what experts are predicting, what to watch out for and more https://t.co/YT1JtAcYd0 https://t.co/3nGppldSML