Paytm share price rallies over 3% as UBS initiates coverage with a ‘Buy’ call; sees EBITDA breakeven in FY25
Paytm is expected to break even on EBITDA in FY25 and reaching a 20% EBITDA margin by FY28, as per UBS. It views this as a key re-rating trigger, as seen at other new-age companies such as Zomato, where investors value profitable growth more than pure growth.
DNA News Desk
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Paytm is expected to break even on EBITDA in FY25 and reaching a 20% EBITDA margin by FY28, as per UBS. It views this as a key re-rating trigger, as seen at other new-age companies such as Zomato, where investors value profitable growth more than pure growth.
