Let’s see what will happen.
There is no business in being a payment intermediary. The key profit businesses with expected growth was potentential Banking Licence. Without it, wallet, fasttag and rent business gone, there is nothing left to even support current valuation.
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In current assets
Bank balance apart from c & ce is close to 3700 cr.
C& ce = 3500 cr…
Look at current assets in balance sheet.
paytm is good at starting things but not sustaining them
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Why would any intermediary give loan guarantee?? Paytm claims that it is just a distributor and doesn’t provide any guarantee. On the other hand due to higher provisioning for such loans this could dry up for paytm in future. Lot of moving parts. Let’s see.
At this stage I don’t trust communication from paytm management. The amount of loan growth they have seen would have wiped out their entire cash if they had agreed for 5% loan guarantee with nbfcs. In that case RBI might have done the necessary.
Completely perplexed about paytm.
Responding to ET’s queries, a Paytm spokesperson said: “We categorically reject all speculations concerning our lending business. We have resumed lending services with a select few partners and are actively engaged in discussions to expand with the remaining lending partners. Paytm does not provide a First Loss Default Guarantee (FLDG) to lenders; our role is strictly that of a distributor.”
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Seen that, but what happened with RBI makes me unsure to believe that. Hope it is different this time. Time will tell.
Makes sense. Better to be cautious at this juncture.
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Seems more trouble ahead
www.bseindia.com/xml-data/corpfiling/AttachLive/a077612f-e122-4fbf-96fd-c0f199ed6fdc.pdf
from above -
While we experienced financial impact in Q4 due to the above disruptions, the full financial impact will be seen in Q1 FY 2025. We expect Q1 FY 2025 revenue of ₹1,500 - ₹1,600 Cr and EBITDA before ESOP of (₹500) – (₹600) Cr. We are confident of seeing meaningful improvement starting from Q2 FY 2025, based on restarting certain paused products and achieving steady growth in operating metrics.
Our cash balance is ₹8,650 Cr as of quarter ending March 2024, as compared to ₹8,901 Cr as of quarter ending December 2023.
Disc: Invested and holding as of now.
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Atleast they guided that. Which is good. Vijay improved his communication and looks like reformed man.
This might make me look like a fool if anything happens in future😅. Sincerely trying to be objective.
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Anyone know that paytm’s movie ticketing business profitable or not?
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Slowing moving towards phonepe path - first with UPI and now insurance. But too late .Let’s see.
Fake news to lure retailers for the Nth time in the same company.
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