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Today Date : Tuesday, May 21, 2024

Paytm projects EBITDA breakeven  in 6 quarters;record spike in lending

Paytm projects EBITDA breakeven in 6 quarters;record spike in lending

CHENNAI APR 14
Paytmwill achieve operating EBITDA (earnings before interest, taxes, depreciation, and amortization) breakeven in the next 6 quarters said Vijay Shekhar Sharma in a communication to the shareholders.       

“We are encouraged by our business momentum, scale of monetization and operating leverage. We should be operating EBITDA breakeven in next 6 quarters (i.e. EBITDA before ESOP cost, 
and by the quarter ending September 2023), well ahead of estimates by most analysts. Importantly, we are going to achieve this without compromising any of our growth plans,” he wrote.        


According to an official communication from the company Paytm has seen massive growth in the last quarter of FY22, as per the company’s business update shared with the exchanges — scaled to 6.5 
million loan disbursals during the quarter (Y-o-Y growth of 374%), which aggregates to a total loan value of INR 3,553 Cr (Y-o-Y growth of 417%), 104% Y-o-Y increase in GMV at INR 2.59 lakh Cr ($34.5 billion) and 41% growth in monthly transacting users to 70.9 million.