Paytm’s stock price up by more than 9% today

7 Feb 2023 , 12:41 PM

Paytm was able to cut down its losses in the December quarter. This has caused its stock price to rise up sharply. Its net loss in December 2022 quarter stood at Rs 392 crore. This was a year-on- year decline of 49.64% in its quarterly loss. Its quarterly loss in December 2021 quarter stood at Rs 778.40 crore.

Net revenue of the company in the quarter increased year-on- year by 41.62% to Rs 2062.20 crore. Earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at – Rs 252.70 crore in the quarter. The company was able to bring down its EBITDA loss too from Rs -710.60 crore in the December 2021 quarter. A negative EBITDA means that the company is still making operating losses. 

In spite of being still in loss, Paytm has been able to significantly improve its financial performance in the December quarter. After this increase of more than 9% today, the stock was trading at Rs 610.85 at 12:38 p.m. This is still much below its current 52-week high price of Rs 984.50.