पेटीएम के शेयर में 10% का अपर सर्किट: पेमेंट एग्रीगेटर के लिए FDI की मंजूरी मिलने की खबर के चलते चढ़ा शेयर

Paytm’s stock witnessed an upper circuit of 10% today on Friday (26 July). The company’s stock closed at Rs 509.05 with a gain of 10%.

This surge in Paytm shares came after reports emerged that hinted that the government has approved Paytm’s FDI proposal for its payment aggregator business.

Reports also state that Paytm can now apply for a payment aggregator license from the Reserve Bank of India (RBI). Now RBI will review the company’s application.

Paytm shares rose 13.05% in five days
The company’s stock has given a return of 13.05% in the last five days and 24.36% in one month. With this, Paytm’s market cap has reached Rs 32.40 thousand crores. However, the company’s stock has fallen by 35% in the last one year.

Paytm reports first-quarter loss of ₹839 crore
Paytm’s parent company One 97 Communications has suffered a loss of Rs 839 crore on an annual basis in the first quarter of the financial year 2024-25. The loss in the same quarter of the previous financial year i.e. 2023-24 was Rs 357 crore. That is, the company’s loss has increased by 134%.

The company’s revenue has also declined. In the April-June quarter, Paytm’s revenue from operations was Rs 1,502 crore. In the same quarter last year, the revenue was Rs 2,342 crore. That is, in the first quarter, the company’s revenue fell by 36% on an annual basis. RBI’s ban on Paytm Payment Bank has affected its business.

The company’s loss increased by 53% on a quarterly basis
In the first quarter of the financial year 2024-25, there has been a loss of Rs 839 crore on an annual basis. In the previous quarter i.e. January-March, the company had a loss of Rs 550 crore. That is, the loss has increased by 53% on a quarterly basis.

In the April-June quarter, Paytm’s revenue from operations was Rs 1,502 crore. In the previous quarter, i.e. January-March, Paytm’s revenue from operations was Rs 2,267 crore. That is, the company’s revenue fell by 34% on a quarterly basis.

RBI’s ban affects Paytm’s business
In a circular issued on January 31, 2024, RBI had said that money cannot be deposited in Paytm Payment Bank accounts after February 29 (later extended to March 15). Money cannot be deposited in wallets, prepaid services, fastag and other services through this bank.

However, there was no restriction on the withdrawal or use of money in savings account, current account, prepaid instruments, Fastag, National Common Mobility Card etc. of Paytm Payments Bank customers. It can be used as long as the balance is available.

Paytm was started in 2009
Paytm’s parent company One97 Communications launched the Paytm payment app in August 2009. Its founder is Vijay Shekhar Sharma. Currently, Paytm has more than 30 crore users in the country.