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Apple CEO Tim Cook emphasises on investment in AR, metaverse

Apple CEO Tim Cook emphasises on investment in AR, metaverse

Bodies of Indians who died at US-Canada border won't be brought back: relatives

Bodies of Indians who died at US-Canada border won't be brought back: relatives

Mouni Roy and Suraj Nambiar host pool party for guests post wedding

Mouni Roy and Suraj Nambiar host pool party for guests post wedding

Vicky Kaushal and Sara Ali Khan wrap up Lakshman Utarkar's film, Sara pens heartfelt note for team

Vicky Kaushal and Sara Ali Khan wrap up Lakshman Utarkar's film, Sara pens heartfelt note for team

Uttarakhand Election 2022: Land Laws agitation threatens to shift ground under BJP's feet

Uttarakhand Election 2022: Land Laws agitation threatens to shift ground under BJP's feet

Paytm posed question on profitability again as losses widen, Brokerages sound caution

Paytm said its net loss for the three months to September 30 widened 8 per cent from a year earlier to Rs 474 crore

Recent listing Paytm released it's first ever public earnings and found itself answering the same question since it's debut debacle - When will the company turn profitable?

Paytm reported that losses widened in the July-September period to Rs 474 cr as as the newly-listed company struggled to make money off transactions which slowed during the pandemic. Revenue rose more than 60% in the same period, boosted by growth in financial, commerce and cloud services.

According to founder and chief executive Vijay Shekhar Sharma, the company’s business isn’t immediately set in stone, and some line items are “not just profit generating, but free cash flow generating.”

Brokerages also sounding caution against the fintech with Macquarie reiterating UNDERPERFORM on the stock with a price target of 1200 (40% below issue price) and JM Financial also initiating a SELL on the stock with a price target of Rs 1245/share.

Up Next

Paytm posed question on profitability again as losses widen, Brokerages sound caution

Paytm posed question on profitability again as losses widen, Brokerages sound caution

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EJ Explains: The Fed fear, why the rate hike is making the markets nervous

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Watch what the Fed chief said, that has the markets collapsing 1000 points

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Vodafone Idea stock down over 15% as Govt becomes largest shareholder

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