Paytm shares in focus ahead of Q2 results today
Analysts expect the digital payments major to clock higher revenue growth during the second quarter, but the losses may widen.
Losses for the July-September 2024 period are likely to widen up to Rs 660 crore from Rs 290 crore in the same period of last year. Meanwhile, revenue from operations are seen growing up to 16% year-on-year.
However, on a sequential basis, losses should shrink from Rs 838 crore clocked in the preceding June quarter. This sequential improvement will mainly be driven by growth in payment services to merchants and financial services business.
Revenues too could increase up to 8% quarter-on-quarter.
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