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India Business News: Paytm is set to announce its Q3 results, with experts predicting a positive outlook, revenue expansion, and a reduction in losses. Find out the expectations from various brokerages and the potential impact on Paytm's business.
Paytm Q3 results today: Paytm should see strong GMV growth led by the festive season and partial impact of lending business rejig after RBI measures, Jefferies said. The brokerage estimates that the company will report 34% year-on-year (YoY) growth in total revenue to Rs 2,764 crore while loss is seen narrowing down to Rs 276 crore.
Paytm Q3 preview: International brokerage UBS has forecast Paytm breaking even on EBITDA in FY25 and reaching a 20 percent EBITDA margin by FY28.
Morgan Stanley estimates overall revenue growth of 42 per cent YoY, steady QoQ. On a sequential basis, It expects payment and financial services to grow by 43 per cent YoY.
So far in 2023, Paytm stock has gained by nearly 22% on D-Street. Yes Securities is the latest among the brokerages to upgrade its target price on Paytm to ₹700 per share compared to earlier ₹600 per share. However, the brokerage has maintained a Neutral rating on the fintech giant.