Paytm Shares Surges after Declaring the Results for Q4FY23!

Paytm – Q4FY23 Results

On a consolidated basis, the fourth quarter of 2023, the firm recorded a net loss of Rs 167.50 crore from Rs 762.50 crore for the same quarter in the previous year. However, the company’s overall revenue rose by 49.51% to Rs 2464.60 crore for Q4FY23 from Rs 1648.40 crore for the same period the year before.

The firm recorded a net loss of Rs 1776.50 crore for the fiscal year that ended on March 31, 2023, as opposed to a net loss of Rs 2396.40 crore the year before. The company’s overall revenue climbed by 59.57% to Rs 8400.00 crore for the year under review from Rs 5264.30 crore for the year ending March 31, 2022, nevertheless.

In the last trading session, the scrip closed at Rs 689.45 and today it was opened at Rs 698. Till now it saw a high and low of Rs 729.35 and Rs 697.55, respectively. Currently, Paytm is trading at Rs 724.45 which is up by 5.08%, so far 5,06,297 shares were traded over the counter at BSE.

The BSE group ‘A’ stock of face value Rs 1 has hit a 52 weeks high of Rs 844.40 and a 52-week low of Rs 439.60.

One 97 Communications (Paytm) has created the largest payments platform in India based on the number of customers, merchants, transactions and income. This makes it the country’s top digital ecosystem for consumers and businesses. It provided payment services, commerce and cloud services and financial services. By utilising technology to enhance the lives of its customers and assist its merchants in expanding their enterprises, its’ two-sided (consumer and merchant) ecosystem facilitates commerce and offers access to financial services through its financial institution partners. The business, which as of March 31, 2021, had 333 million+ customers and 21 million+ registered merchants.

Institutional investors held 75.01% and non-Institutional investors held 24.98% of the firm, respectively.