What will drive Paytm’s comeback? Focus on core business, lean structure, says report

Even as the Indian digital payments firm Paytm recorded a widened loss during Q4FY24 at Rs 549.60 crore from a loss of Rs 168.40 crore during the same period last year, as a result of the impact from RBI shutting down Paytm Payments Bank’s (PPBL) operations, InGovern, in a report stated that Paytm’s results showed resilience and growth. In an analysis report on Paytm’s FY 2023-24 results, InGovern said that despite regulatory challenges faced by the company, Paytm’s FY2023-24 results show resilience and growth. The company has also become the first fintech company in India to achieve an operating revenue milestone of almost Rs 10,000 crore.