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Sharma Sees Paytm Turning Profitable From This Quarter
Mint Bangalore
|May 07, 2025
Paytm Is Bullish On Incremental Revenue, Citing The Expectation That The Govt Will Allow MDR 'Soon' On UPI Payments
Paytm's parent One97 Communications Ltd is expected to turn profitable from the ongoing quarter, said its founder and chief executive officer Vijay Shekhar Sharma, after the fintech firm recorded a loss in the quarter ended March.
The company reported a net loss of ₹539.8 crore in the fourth quarter of FY25, narrowing marginally over a year earlier, according to its exchange filing. The Q4 loss was driven by a one-time exceptional charge of ₹492 crore owing to the acceleration of employee stock option (Esop) expense and ₹30 crore towards other impairments.
Excluding the exceptional items, the net loss stood at ₹23 crore in the quarter.
This story is from the May 07, 2025 edition of Mint Bangalore.
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