One 97 Communications Limited has informed the Exchange about Transcript of the earnings conference call conducted on May 06, 2025
PAYTM · price
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Awaiting price reaction for this filing.
Paytm filed the transcript of its Q4FY25 earnings call where management discussed the quarter ended March 31, 2025. The company hit adjusted EBITDA break-even for the year (even excluding UPI incentives), a key milestone, though reported PAT was hit by a one-time ESOP charge of ₹522 crore. Management said the business is on the verge of PAT profitability and that next quarter could be PAT-positive. CFO Madhur Deora reconfirmed medium-term targets of 30-35% revenue growth and 15-20% EBITDA margins over the next 2-3 years, supported by AI-led cost reductions. Management also indicated that UPI MDR could be introduced sooner rather than later, which would directly fall to EBITDA, and that personal loan disbursements remained soft as the company shifts to a pure-distribution model. International expansion will focus on product and technology partnerships (not launching the consumer app abroad), and the company re-applied for a payment aggregator licence with RBI.
Net positive for shareholders: EBITDA break-even, a clear path to PAT profitability, and retained multi-year growth/margin targets strengthen the investment story. Near-term sentiment may be supported by the potential UPI MDR catalyst, though soft personal loan volumes and the large one-time ESOP charge in Q4 are negatives to watch.