Paytm Q3 update: ₹3,665 crore of loans disbursed in December
Paytm reported strong operating performance in Q3 FY 2023. One97 Communications' lending business rose by 357% YoY in December quarter to ₹9,958 crore
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Paytm reported strong operating performance in Q3 FY 2023. One97 Communications' lending business rose by 357% YoY in December quarter to ₹9,958 crore
Despite facing severe losses, Paytm will turn profitable by March 2026 says the analysis of a brokerage firm. The analysis report also mentions that the business model of Paytm is sustainable since it is the most impactful and real-economy internet business.
Though Paytm's revenue from operations improved in the second quarter, analysts still remain concerned about the leading digital payment firm’s path to profitability.
Also, there is uncertainty surrounding the company's senior team and at the moment domestic institutions are not expected to make big bets in it.