Zomato, Paytm, Nykaa shares: Here's the Q3 earnings report card for new-age tech companies

Paytm Q3 Results

Paytm's net loss narrowed down to Rs 392 crore in Q3FY23 against a loss of Rs 778.5 crore in the year-ago period. Revenue from operations increased 42% to Rs 2,062 crore on a year-on-year basis

Nykaa Q3 Results

Nykaa's net profit declined 71% to Rs 8 crore against Rs 27.93 crore in the same period last year. However, revenue from operations rose 33% to Rs 1,462.82 crore

Zomato's net loss widened to Rs 346.6 crore for the quarter ended December 2022. Loss in the year-ago period stood at Rs 63 crore. Zomato reported a net loss of Rs 250.8 crore in the September quarter

Zomato Q3 Results

PB Fintech net loss narrowed down to Rs 87.40 crore in Q3FY23 from a net loss of Rs 297.99 crore in Q3FY22. Net sales increased 66% to Rs 610 crore

PB Fintech Q3 Results

Delhivery's net loss widened to Rs 194 crore in Q3FY23 against a loss of Rs 126.52 crore in the same quarter last year. Net sales also declined 9% to Rs 1823 crore

Delhivery Q3 Results

Zomato, Paytm,
Nykaa Shares

Shares of Nykaa and Delhivery have corrected over 55% from their 52-week high, followed by Zomato (down 44%), PB Fintech (down 39%) and Paytm (down 27%)

Zomato, Paytm, Nykaa
Shares: Recovery 

Shares of Paytm and PB Fintech have recovered over 40% from their recent lows, followed by Zomato (up 23%), Nykaa (up 18%) and Delhivery (up 10%)

What's next for new-age tech stocks?

“The long-term growth potential of these companies is huge and, therefore, in spite of the short-term challenges, these stocks have buyers, particularly after the sharp correction from their listing peak prices,” says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

The stocks mentioned in the story are for information purposes only. Investors or market participants should consult their financial advisors before taking any position

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