Paytm rallies 6%, trades higher for fifth straight day; nears 52-week high

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Paytm rallies 6%, trades higher for fifth straight day; nears 52-week high - Business Standard

Quick Summary:

With growth in revenue, improvement in contribution margin and reduction in indirect costs, the company's earnings before interest, tax, depreciation, and amortisation (Ebitda) loss has narrowed by Rs 388 crore QoQ to Rs 404 crore.

Shares of One97 Communications, which owns and operates fintech platform Paytm, have continued their upward trajectory, and rallied 6 per cent to Rs 897.90 on the BSE in Friday’s intra-day trade amid heavy volumes.

The company’s net payments margin increased 21 per cent QoQ to Rs 465 crore, largely on account of improvement in payment processing margin, better device realisation and growth in GMV.