TLDR: Paytm is expected to report strong revenue growth and a narrowing of its net loss in the third quarter of FY24. Analysts estimate that the company’s revenue from operations will grow 32% year-on-year to INR 2,721 crore ($379 million), with losses dropping 29% YoY to INR 280 crore. Additionally, the company’s operating profitability is expected to increase. Paytm’s omni-channel payment business has earned it a 25% industry Gross Merchandise Value (GMV) share. The company’s stock has gained over 42% in one year.
Paytm Q3: 32% YoY revenue surge, losses dwindle for fintech giant.
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