In Q4FY23, the company's revenue surged by 51 per cent YoY to reach Rs 2,334 crore, while the full-year revenue increased by 61 per cent YoY to Rs 7,990 crore.
"Operating profit has shown a growth of 16.27 per cent on a year-on-year basis to Rs 2,108 crore for the fourth quarter of FY23 (Q4FY23) as against Rs 1,813 crore for the fourth quarter in FY22 (Q4FY22)," the bank said in a statement shared with exchanges.
"The company is cutting memory production volumes to a meaningful level," the South Korean company said in a statement shortly after releasing earnings guidance. "Demand for memory has declined due to the macroeconomic situation and low consumer sentiment."
Through a focus on creating payment monetisation, Paytm's aim is to expand its subscription services. The company continues to dominate the offline payments market with 6.1 million merchants now paying subscriptions for payment devices, an increase of 0.3 million in the month of January 2023
Citi, CLSA, and Goldman Sachs have recommended to buy the share post-Q3FY23 earnings, while Bank of America (BofA) maintained its 'neutral' rating. Goldman believes that Paytm's current share price continues to offer a compelling entry point into India's largest fintech platforms.
The fintech firm on Friday reported its revenue from operations increased to Rs 2,062 crore, a growth of 42 per cent on a yearly basis and 8 per cent on a quarterly basis.
The company said its operating profit in the reviewed quarter jumped 50.1 per cent to Rs 8,232 crore, against Rs 5,483 crore in the corresponding period a year ago.
The state-run bank said its interest income went up 12.61 per cent to Rs 2,107 crore from Rs 1,871 crore in the corresponding quarter the previous year
The bank said its operating profits grew 17 per cent year-on-year to Rs 914 crore in Q3FY23 and the Mumbai-headquartered lender said it is the highest in the past seven quarters.
The company's total income (or total revenue) for Q2 FY23 was Rs 22,409 million, an increase of 5.1 per cent over Q2 FY22. The company in a statement said its adjusted operating profit or earnings before interest, taxes, depreciation, and amortisation (Ebitda) for Q2 FY23 was Rs 18,209 milli
The New Delhi-headquartered company said its operating profit and Earnings before interest, taxes, depreciation, and amortisation (Ebitda) grew 74.1 per cent to Rs 88.4 crore in the reviewed quarter, against Rs 50.8 crore in the year-ago period.