Vijay Shekhar Sharma-led Paytm’s Turbulent 2023 In 7 Frames

Paytm saw small spikes in its shares after consistently reporting increasing loan disbursement amount and value month-on-month this year. 

Consistent Share Performance 

Paytm rolled out many new features such as UPI Software Development Kit for online merchants, Paytm SBI Card, new variants of soundbox, etc.

New Accouncements

Paytm’s declining YoY losses as well as highly bullish commentary from some major brokerages, pushed the shares to INR 980 level in October from INR 530 at the end of 2022.

Declining Losses

The downfall started when Paytm reported a narrowed loss of INR 291.7 Cr in Q2 2024, but missed the EBITDA margin estimate of the Street.

Downwards Share Performace

Paytm’s shares took a 20% hit when Paytm announced that it will be scaling down its postpaid feature. Postpaid loans comprised a major 56% of its total lending value in Q2.

Postpaid Feature Changes

Paytm witnessed large stake sales by investors such as SoftBank, Alibaba.Com, Antfin, and others. Most recently, Warren Buffett-led Berkshire Hathaway exited by selling shares worth about INR 1,370.6 Cr.

Investor Exits

Promoter Sharma upped his stake in Paytm, & became a significant beneficial owner of Paytm after Resilient Asset Management, owned by VSS, increased a 10.3% stake in Paytm following Anfin’s exit.

VSS Taking Control

2023 Year-In-Review: Paytm’s 2023

Revisiting Paytm’s Turbulent 2023