Is Paytm running in loss?

The company said its net loss widened 11 per cent to Rs 482 crore in the quarter ended September (Q2) on a year on year basis, and increased 28 per cent compared to the quarter ended June. …

Why Paytm is in loss Quora?

Why is Paytm running in loss? – Quora. Because their business model was initially based on generating number of users rather than generating profit. They used predatory pricing model & gave excessive discounts from investor’s money.

What happened to Paytm?

What exactly happened? The share prices of Paytm fell by 27.25 percent. While the issue price was Rs 2,150, it fell to Rs 1,564 by the time the markets closed. The stock was listed for Rs 1,955 on the Bombay Stock Exchange (BSE) when markets opened on Thursday, at a 9 percent discount.

Is there any problem with Paytm today?

At the moment, we haven’t detected any problems at Paytm.

Is zomato a loss making company?

Food delivery aggregator Zomato reported a consolidated loss of ₹356.2 crore during the quarter ended June 30, 2021. The Deepinder Goyal-led company had posted a loss of ₹99.8 crore in the year-ago period.

Is zomato a loss?

Zomato, the online food delivery platform, on November 10 announced its July-September quarter results for the financial year 2021-22. The company reported a net loss of Rs 430 crore on a consolidated basis compared to a loss of Rs 230 crore in the same period of last year, an increase of 87 percent.

Why is Ola making a loss?

Ola’s marketing spend shrank 72\% in FY21 As mentioned earlier, the company’s fleet operations were curtailed during FY21 and resulted in heavy losses for the company. Ola’s vehicle running expenses were also reduced by 96.2\% to only Rs 9.33 crore during FY21.

Is Uber a loss?

Uber also recorded a net loss of $2.4 billion. The company wrote down an unrealized loss of $3.2 billion on its stake in Didi Global Inc., wiping out the $1.4 billion it made after the Chinese ride-hailing giant went public in June. Uber’s portfolio of investments is now worth $13 billion.