ne97 Communications, the company that operates Paytm, is expected to achieve breakeven at an Ebitda (earnings before interest, taxes, depreciation, and amortization) level before ESOP (Employee Stock Ownership Plan) expenses in the current or fourth quarter of the financial year 2024-25 (Q4FY25), according to two brokerage estimates.
It is expected to achieve breakeven at net profit level in Q4FY26, brokerage firm Mirae Asset Capital Markets said in a note.
The company's stock traded just 0.03 per cent higher to ₹982.3 on the BSE on Friday.
The breakeven would come on the back of an improved contribution of financial services to the revenue pie.
In Q2FY25, the Noida-based company posted a consolidated profit of ₹928.3 crore on the back of the sale of its movie ticketing and events business to Zomato.
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