Paytm : Shares of One 97 Communications Limited (Paytm) have jumped on Friday. Because a host of brokerages expect the company to announce strong results later today.
Recently, Goldman Sachs said that Paytm’s margin print for the March quarter will help further increase the street’s trust in the growing attractiveness of Paytm’s business model and the company’s ability to be profitable on a consistent basis.
Goldman Sachs is expecting 49 per cent growth in revenue and 10 per cent adjusted EBITDA margin for Paytm in the March quarter.
This sees a 3 per cent margin, excluding Rs 170 crore of the estimated UPI incentives. This is in comparison to minus 24 per cent in the year-ago quarter.
Paytm recorded a gross merchant value of Rs 3.6 lakh crore. Which is 40 percent more. Goldman Sachs says it could account for 24 per cent of the country’s digital payments.
It added that Paytm’s March quarter sequential GMV growth of 5 per cent represents a marginal decline from the 9 per cent QoQ growth in the December quarter.
Yes Securities expects an overall growth in revenue from operations of 17.8 per cent quarter-on-quarter to Rs 2 thousand 430 crore. It looks at its Ebitda Loss and Net Loss contracts for the given period of time.
Citi experts expect net payout margin of 15.7 basis points. Which QoQ is 240 basis points higher. We estimate contribution margin at 52.8 per cent and adjusted EBITDA and EBIT margin at 4 per cent and -3 per cent, respectively.
Citi estimates Paytm’s revenue at Rs 2,274 crore, up 48% YoY and 10% QoQ, while its GMV is Rs 362 crore. Which is up 40 per cent year-on-year and 5 per cent quarter-on-quarter.
The fintech major is likely to report further adjusted EBITDA at Rs 86.6 crore in Q4FY23 as against a loss of Rs 367.6 crore in Q4FY23, but a 177 per cent quarter-on-quarter growth.