Shares of Paytm jumped more than 6% to INR 471.85 apiece during intraday trading on the BSE today after the fintech major announced its Q1 FY25 results
Paytm reported a consolidated net loss of INR 840.1 Cr in Q1 FY25, up 134% YoY from INR 358.4 Cr in the year-ago period
Revenue from operations declined 36% YoY to INR 1,502 Cr in Q1 FY25 from INR 2,342 Cr in the corresponding quarter last year
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Shares of Paytm jumped more than 6% to INR 471.85 apiece during intraday trading on the BSE today after the fintech major announced its Q1 FY25 results.
However, the stock pared some gains and was trading 3.25% higher at INR 459.50 per share at 12:48 PM.
The stock opened Friday’s trading session at INR 438.95 per share, down 1.4% from the previous close.
The surge in the stock’s price came after Paytm said in its earnings release that it expects operating revenue and profitability to improve going forward on the back of growth in operating parameters such as GMV, an expanding merchant base, recovery in loan distribution business and continued focus on cost optimization.
Paytm reported a consolidated net loss of INR 840.1 Cr in Q1 FY25, up 134% year-on-year from INR 358.4 Cr in the year-ago period.
Revenue from operations declined 36% YoY to INR 1,502 Cr in Q1 FY25 from INR 2,342 Cr in the corresponding quarter last year.
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