Paytm’s Earnings Penance Delivers a Little Hope

The fintech giant posted some impressive numbers this week, but the market remains unforgiving

Paytm reported quarterly results that are considered relatively encouraging, with revenue surging 76%. Photo: Ashish Vaishnav/Zuma Press

Indian fintech giant Paytm delivered impressive earnings numbers this week as it hobbles its way toward profitability. Unfortunately for its investors, that brave performance had little impact on the stock.

A sustainable rebound for shares of Paytm, which raised about $2.5 billion in India’s largest initial public offering last November, awaits good news on the regulatory front—and probably a global sea change in investor sentiment toward tech firms, too.

Continue reading your article with
a WSJ membership

View Membership Options

Already a member? Sign In