The fintech's loan distribution business continued to gain scale with disbursements of Rs 4,468 crore, surging 206 per cent YoY and 41 lakh loans, with a growth of 61 per cent YoY. Merchant Payment Volumes (GMV) for the quarter stood at Rs 3.62 lakh crore, registering a growth of 40 per cent YoY. In its quarterly updates, Paytm said its average monthly transacting users (MTU) stood at 9 crore for January-March 2023 period, up 27 per cent YoY, reflecting the continued expansion of customer base. It sees its EBITDA loss and net loss contracting for the given period. It also expects upgrades as the financial services segment is likely to report a robust growth momentum, pushing the topline higher.Īnother brokerage firm, Yes Securities expects overall growth in revenue from operations of 17.8 per cent QoQ at Rs 2,430 crore. The global brokerage firm also estimates a strong growth in digital payments to continue, driven by UPI and credit cards, while its market share is steady for the quarter. Its EBITDA margins are seen at 4 per cent, 230 bps on QoQ basis. The fintech major is likely to report and adjusted EBITDA at Rs 86.6 crore in Q4FY23 against a loss of Rs 367.6 crore in Q4FY23 but a rise of 177% QoQ. "We estimate contribution margins at 52.8 per cent and adjusted EBITDA and EBIT margins at 4 per cent and -3 per cent, respectively.Ĭiti pegs Paytm's revenue at Rs 2,274 crore, up 48 per cent YoY and 10 per cent QoQ, while it's GMV is seen at Rs 362crore, up 40 per cent YoY and 5 per cent QoQ. We think the ongoing funding winter and increasing regulatory requirements for fintech space imply consumer-fintech sees market share consolidation ahead nad big players should benefit, it said.Ĭiti expects net payment margins at 15.7 basis points (bps), up 240bps QoQ. Recent regulatory announcements are positive for Paytm resolution of RBI IT-Audit could be key. Sustained momentum in lending distribution business as well as a broader focus on monetization imply Paytm is well positioned to clock sustained growth in operating profitability ahead. Paytm is likely to report a decent set of numbers in the March 2023 quarter with further improvement in net payment margins and overall Adjusted EBITDA/EBIT margins, partly aided by recognition of annual UPI payouts from the government in the given quarter, said Citi, while increasing its target price to Rs 1,103 on the stock with a 'buy' rating.
However, it is seen more than halving on a year-on-year (YoY) basis, while it is set to decline in single digits on a sequential basis.
Paytm is likely to report net loss for another quarter. Some expect the company to report a strong quarter-on-quarter (QoQ) growth in adjusted EBITDA and EBIT margins, while the company had reported EBITA losses in the same quarter last year. Other than a few names, not many brokerage firms have their projection on the new age internet stock.Īnalysts, who are tracking the stock, expect the company to report a strong growth in revenue and gross merchandise value (GMV). One97 Communications, the parent company of Fintech platform Paytm, is likely to announce its quarterly earnings for the period ended on March 31, 2023.
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