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Paytm drops bonus-share plan as Q1 profit and EBITDA beat expectations
Paytm’s board dropped its proposed bonus-share issue to prioritize long-term growth and profitability. Despite shares falling over 2%, June-quarter profit, revenue and EBITDA exceeded estimates, driven by merchant GMV growth, payments market-share gains and financial-services momentum.
Reported figures
From the report. Source details below
| Shares fell over 2% to | Rs 1,320.40 |
|---|---|
| Q1 consolidated net profit: | Rs 220 crore, up 20% QoQ from Rs 184 crore |
| Q1 revenue: | Rs 2,448 crore, up 8% QoQ from Rs 2,264 crore |
| Q1 EBITDA: | Rs 203 crore, up 54% QoQ from Rs 132 crore |
| EBITDA margin: | 8%, versus 6% in prior quarter |
| Goldman Sachs target price: | Rs 1,500, raised from Rs 1,430 |
| Citi target price: | Rs 1,560, raised from Rs 1,425 |
| CLSA target price: | Rs 1,050, raised from Rs 1,000 |
The source
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