The company reported a revenue of ₹2,264 crore in the March quarter, up 3.2% sequentially and up 18.4% from the previous year.
Its profit came in at ₹183 crore, which was 18.7% lower than the previous quarter’s ₹225 crore and in comparison to last year’s loss of ₹545 crore.
Paytm’s earnings before interest, tax, depreciation and amortization of ₹132 crore was up 15.4% sequentially. EBITDA margins were at 5.8% compared to the negative margins last year, while they were lower on a sequential basis.
The quarter also included an exceptional gain of ₹21 crore compared with an exceptional loss of ₹522 crore in the year-ago period.
The Paytm management, in its post-earnings conference call, said it is expecting significant EBITDA margin expansion in the year ahead. It sees an upside to the payment processing margins ahead.
The management expects market expansion and market share growth in Paytm’s core business ahead.
It added that any new investments would only be in AI from now. It added that it isn’t super excited about going for an NBFC licence.
Paytm shares were trading 5.9% higher at ₹1,176.2 apiece at 10 am on Thursday. The stock has risen 14.1% in the past month.
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