Paytm Q1 results preview: Revenue may double in April-June quarter, firm on path to EBITDA profitability

Paytm (One 97 Communications) is expected to report that its revenue doubled year-on-year in the April-June quarter, when the fintech behemoth reports its fiscal first quarter results later this week. Paytm is among the unicorns that recently entered Dalal Street, and are yet to turn profitable. However, with the earnings expected to remain strong, analysts believe Paytm remains on its path to profitability and could achieve EBITDA profitability by end of FY24. Paytm stock price has been a major talk point on Dalal Street since its listing. Paytm shares are down 60% from the IPO price to now trade at Rs 756 apiece.