Due to the right decisions, Paytm got a big 'win', thereby increasing the company's revenue

The strength of One 97 Communication, the company that owns Paytm, one of the country's largest digital platforms, is being seen. The company's operating revenue has been improving quarter-on-quarter and in the current financial year (April-June) stood at Rs. 1500 crore has been crossed. Paytm has now enhanced its services and focused on QR code payment services, sound boxes and other financial products apart from UPI payments.

Paytm was also the largest IPO in the country. Vijay Shekhar Sharma, the founder of the company, has taken several decisions now. The effect of which is being seen on the work. Now the company has announced its quarterly results. The overall loss of the company has come down due to improvement in operating income.

Paytm's operating revenue is superb

Paytm informed the stock market that its operating revenue in April-June has been Rs 1502 crore. After calculating the company's earnings before tax (EBITDA) its net loss is Rs. 792 crore has been. The company says that due to good income, its profitability is also expected to improve in the future.

The profit margin of the company stood at 50 percent

The company's revenue from financial services is Rs. 280 crores. While the company has earned an income of Rs 321 crore from marketing services. The company's profit margin has been 50 percent, resulting in Rs. 755 crore has been contributed profit. The balance sheet of the company has improved and it has Rs. 8,108 crore in cash. Paytm's spokesperson says that our customer base has stabilized. Merchant operating metrics have seen an improvement.

Due to this reason Paytm bounced back

Paytm said its merchant payment operating business has returned to January 2024 levels. The company has again started putting its own QR code and soundbox on the shopper. The company's merchant subscriber base has also improved to 1.09 crore. Apart from this, the company has also paid a lot of attention to cost optimization.