Paytm reported a net loss of 2.91 billion rupees in the second quarter, which is a decrease of 49% compared to the same period last year.
This loss is slightly more than the estimated loss of 2.85 billion rupees.
The company’s revenue for the quarter was 25.2 billion rupees, marking a 32% increase year over year.
The estimated revenue was slightly higher at 25.64 billion rupees.
Total costs for Paytm in this quarter were 29.4 billion rupees, a 15% increase from the previous year.
The company received 13 buy ratings, 2 hold ratings, and no sell ratings from analysts.
Paytm on Smartkarma
Pranav Bhavsar, an independent analyst on Smartkarma, recently wrote a research report on Paytm (PAYTM IN). In the report, Bhavsar expresses a “bull” sentiment and notes that the NIFTY Index has reached 20K, Paytm posted strong operating metrics for August, and other discussed ideas include Poonawalla Fincorp, Dabur India Ltd, Landmark Cars, and upcoming IPOs. However, the company is withdrawing its disclosures for reasons that are not completely clear.
In his research report, Bhavsar also notes that the domestic sentiment remains strong, and the NIFTY Index has reached a new high of 20K. He also states that Paytm has posted strong operating metrics for August, and other ideas discussed include Poonawalla Fincorp, Dabur India Ltd, Landmark Cars, and upcoming IPOs. Despite this positive news, Bhavsar is concerned about the company’s decision to stop providing regular disclosures.
A look at Paytm Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Paytm, the payment solutions provider owned by One 97 Communications Limited, has recently been given a long-term outlook score by Smartkarma Smart Scores, with a score of 1-5 indicating the overall outlook. The scores given to Paytm are Value 3, Dividend 1, Growth 4, Resilience 5 and Momentum 3. This indicates that Paytm is likely to sustain its long-term outlook, with strong resilience and growth potential.
Paytm is a payment solutions provider that offers a range of services such as hotel booking, top ups, data processing, games, mobile content and bill payments. With the high scores for resilience and growth, Paytm is likely to continue to offer these services to customers worldwide in the long-term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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