![]() For the year ending March 2022, the fintech giant disbursed loans worth ₹7623 crores as the number of loans increased to 15.2 million. Paytm also disbursed loans worth ₹3553 crores through its platform during that period, a growth of 417% year-over-year, as all its lending offerings scaled up and saw increased adoption by users. These do not represent the views of Economic Times)ĭon’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.According to the company, the increase in merchant payments processed through MDR-bearing instruments (Paytm Wallet, Paytm bank account, cards, and others) and disbursements of loans through partners on the platform were the main drivers behind the growth in its revenue.Īdditionally, its merchant base grew to 26.7 million merchants and its loss increased from ₹441.8 crores in the same quarter last year to ₹761.4 crores in Q4 FY 2022. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. ICICI Securities expects Delhivery revenue to grow 5.8% QoQ and deliver positive adjusted EBITDA for the first time since listing. Zomato's Q4 sequential revenue growth may be tepid on account of lower food delivery orders while Nykaa's PAT is seen growing 4% YoY and overall GMV to by 38% YoY. ![]() Global brokerage firm Citi, which has a target price of Rs 1,103 on Paytm, expects the company to report decent Q4 with further improvement in net payment margins and overall Adj EBITDA/EBIT margins. ICICI Securities expects B2B e-commerce to continue on a strong growth trajectory in Q4 led by penetration increase as small businesses explore means of increasing their digital footprint both on supply and demand sides. Having said that, there is a price at which such stocks can be purchased, although the buy price is immensely lower than their current market price," said Aman Soni of Prudent Equity.Īll eyes would now be on their March quarter earnings report card. New investors are therefore recommended to stay away from them. "While earnings growth is what we seek, businesses like Zomato, Delhivery & PB Fintech have demonstrated growth more in their ability to lose investors' money than in their profitability. They are not really making losses anymore and also they both have nearly a billion dollars of cash," Arora had said earlier in January this year.įor retail investors, however, the excitement of investing in new-age stocks is progressively dwindling. "These guys are long term survivors, plus the stocks have been beaten up enough. PMS fund manager Samir Arora had recently bought Paytm and Zomato saying that their competitors have run out. ![]() But considering their enormous growth potential for many years to come, their risk-reward is now favourable for investors willing to take some risk," said Dr V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. "Paytm and Zomato are still loss-making companies and so traditional valuation parameters don’t apply. ![]() The massive downfall in the likes of Paytm and Zomato attracted some big investors who found the risk-reward ratio to be favourable. In the case of Nykaa, which hit a 52-week low of Rs 114.30 last month, investors are worried about slowing urban consumption, rising competition and increasing capital intensity. ![]()
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