MUMBAI - Paytm, operated by One97 Communications, is on track for significant financial milestones, according to projections from UBS. The financial services firm anticipates that Paytm will achieve EBITDA breakeven by the fiscal year 2025 and expects a considerable margin improvement by 2028. This outlook comes as Paytm's stock has witnessed a substantial annual increase, closing at ₹751.05 on the Bombay Stock Exchange today.
Investors are closely monitoring the company's performance, with expectations set for the release of its third-quarter results for the fiscal year 2024, which is scheduled for tomorrow. Analysts predict a revenue surge to ₹2,721 crore, accompanied by a net loss of ₹280 crore.
Paytm's optimism about its financial trajectory is underpinned by expected growth across its core business segments, including consumer payments, merchant services, and financial services. The company has also reported stronger operating performance and margins, attributing these improvements to operational enhancements.
Despite the Reserve Bank of India (RBI) imposing stricter regulations on unsecured loans, Paytm has managed to record growth in its subscription payment devices, suggesting resilience in its business model amidst a changing regulatory landscape. This growth is a positive sign for the company as it moves towards its projected financial goals in the coming years.
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