After its disastrous IPO, the fintech giant has turned adjusted Ebitda positive nine months before its initial guidance
In the days after Paytm reported its October-December quarter results on February 3, shares of the payments platform shot up 35 percent in four straight sessions. Revenues were up 42 percent from the year-ago quarter, to Rs 20,630 crore.
Importantly, the Noida-based company, which listed on the bourses in November 2021, reported its first-ever quarterly profits: Adjusted Ebitda, that is Ebitda before employee stock option costs—a metric used by all new-age listed firms—stood at Rs 31 crore in Q3FY23, up from a loss of Rs 393 crore in the year-ago period. Adjusted Ebitda margin rose 1.5 percent, from negative 27 percent a year earlier. On a consolidated level, however, Paytm continues to be loss-making, although it has nearly halved its losses to Rs 392 crore in Q3FY23, as against a loss of Rs 779 crore in the year-ago period.