Paytm expects to turn profitable from next quarter: Vijay Shekhar Sharma

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Fintech firm One97 Communications, the owner of Paytm brand, expects to turn profitable from the next quarter, a top company official said on Tuesday. Paytm reported a consolidated loss of Rs 545 crore during the March quarter, comprising a notional loss of Rs 522 crore stemming out of the acceleration of ESOP (employee stock ownership plan) expense of Rs 492 crore and Rs 30 crore towards their impairments. After excluding the exceptional loss of Rs 522 crore, the company posted a loss of Rs 23 crore for the March quarter.

“We are at a verge of PAT…



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Paytm expects to turn profitable from next quarter: Vijay Shekhar Sharma


Fintech firm One97 Communications, the owner of Paytm brand, expects to turn profitable from the next quarter, a top company official said on Tuesday. Paytm reported a consolidated loss of Rs 545 crore during the March quarter, comprising a notional loss of Rs 522 crore stemming out of the acceleration of ESOP (employee stock ownership plan) expense of Rs 492 crore and Rs 30 crore towards their impairments. After excluding the exceptional loss of Rs 522 crore, the company posted a loss of Rs 23 crore for the March quarter.

“We are at a verge of PAT…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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