![]() In trying to achieve a high volume, asset book’s quality can suffer. The company may report earnings of somewhere around 17 INR in FY26. Lending is increasingly becoming a crowded marketplace, where both traditional lenders and large fintechs vie for customers. The head of research (PCG), SMIFS, Sharad Avasthi said, “We believe that Paytm is in for some strong rating in the years to come as the company settles into existing businesses and starts delivering bottom line growth. Paytm has seven lending partners and aims to expand three to four partners by next year. Under FLDG, fintechs help banks and NBFCs recoup losses that occur when customers default on payments. paytms parent company one97 communications shares plunged more than 10 on monday extending the companys postipo trading slump to over 36 with this the. Paytm is also likely to benefit from RBI’s First Loss Default Guarantee (FLDG) framework. The company, in a stock exchange filing, said, “Our focus over the last few quarters has remained on payment volumes that generate profitability for us, either through net payments margin or direct upsell potential." The consumer base continues to expand, with 9.2 crore average monthly transacting clients for the quarter so far (average for April and May 2023), a 24% increase year on year.įurthermore, Gross merchandise volume (GMV) for the last two months was INR 2.65 lakh crore. Its products, such as the Soundbox and POS machines, are currently paid for by about 75 lakh retailers. Paytm announced a solid monthly performance last week, backed by an increase in its subscription devices for payment gadgets. In a year, consolidated revenue from operations increased by over 52% to INR 2,335 crore. Its losses fell to INR 168 crore in the March quarter, down from INR 761 crore year on year and INR 393 crore in the previous quarter. However, the stock has recently gained traction, fueled by better-than-expected quarterly results and good management forecasts. Digital payments giant Paytm, one of India’s most valuable startups, plans to raise up to 2. Paytm uses Verisign-certified SSL (Secure Sockets Layer) 128-bit encryption technology. The security feature and easy user interface make Paytm the most favored digital payment platform in India. ![]() Paytm has been under pressure since its first public offering on November 18, 2021, and it is still 56% below its listing price and 61% below its issue price of INR 2150. Indian digital payments giant Paytm files for 2.2 billion IPO. Paytm is a Reserve Bank of India (RBI)-approved e-wallet, i.e., the user’s money is secured under the Escrow account with a nationalized bank. ![]() However, its share price remains substantially below its IPO price. The company has returned roughly 19% in a month and 41% in a year, with a market capitalisation of INR 54,314 crore - a gain of INR 1,499 crore in a single day. One 97 Communication, or Paytm, rose 2.84% on June 14, reaching a new 52-week high of INR 864 on the NSE.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |