Is the worst over for paytm?

[YS_Bhargav]

Paytm is on track to be operationally profitable

Paytm just announced its results for the second quarter of financial year 2023 and the company seems to be on the right track to become profitable operationally in the coming year. Here are some of the key highlights : [image] Source : Stats of India Revenue is up 76% YoY to 1,914 Cr This healthy growth was mainly on the back of: 58% YoY growth in cloud revenue, which is 14% of revenues, led by scale up in credit card distribution and traction in PAI cloud. [image] 292% YoY growth in pe…

Their previous quarter’s performance indicated that they were on the right track. It seems they are not only matching their own guidance but beating it. Nice to see.