Paytm drops 3% after Q4 loss broadens; check trading strategy here

Paytm Q4 analysis: Paytm, the digital payments giant operated by One 97 Communications, saw its shares drop by as much as 2.67 per cent, hitting an intraday low of Rs 359 per share on the BSE on Thursday.

The decline followed the company’s announcement of its Q4 results, which fell short of market expectations. Paytm’s loss widened to Rs 549.6 crore for the quarter ending March 31 of financial year 2024, compared to a net loss of Rs 219.8 crore in the same quarter a year ago.

The company’s topline (revenue) also dropped 2.9 per cent year-on-year to Rs 2,267.1 crore.