Mumbai48 minutes ago
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Due to weak results for the third consecutive quarter, Paytm’s shares saw a decline of about 8% today i.e. Tuesday (January 21). Today it opened with a rise but later it declined and at 11:00 am it reached a low of 830.
At 2:00 pm it is down by 4.90% and is trading at the level of 856. After the quarterly results yesterday, Paytm shares fell marginally by 0.68% and closed at the level of 894.
Paytm losses of ₹208 crore in Q3, revenue fell 36%
The net loss of Paytm’s parent company One 97 Communications reduced to Rs 208 crore in the third quarter of the financial year 2024-25. The company was in a loss of Rs 220 crore in the same quarter a year ago.
The company’s revenue fell 36% to Rs 1,828 crore in the October-December quarter. It was Rs 2,850 crore in the same quarter a year ago (Q3FY24). The money received from selling goods and services is revenue.
Paytm had a net profit of ₹930 crore in the second quarter, with the sale of movie ticketing business making a one-time contribution of ₹1,345 crore to the company’s net profit. Excluding this amount, Paytm had a loss of ₹415 crore.
Paytm’s shares rose 89% in 6 months
After the announcement of the results, Paytm shares fell marginally by 0.68% on Monday and closed at Rs 894. It has risen 88.87% in the last 6 months and 13.05% in a year. At the same time, it has fallen by 11.55% in a month and by 13.47% this year. The market cap of the company is Rs 54,170 crore.
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. The market cap of Paytm is around Rs 28 thousand crores.
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