Indian fintech Paytm targets profitability within two quarters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 20 2025
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Source: Reuters
Profitability Goals: Paytm aims to achieve profitability within one to two quarters, reporting a reduced loss of 2.04 billion rupees in Q3 compared to the previous quarter's 4.07 billion rupees loss, as its payments business recovers from regulatory challenges.
Revenue Growth and Cost Management: The company experienced a 10.1% increase in operational revenue to 18.28 billion rupees, with significant growth in financial services and payment services, while also reducing expenses by 31% year-on-year.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
