9/26/2023 0 Comments Synopsys stock price"But that breakeven will not mean that we are perpetually going to say the same." Also Read: Paytm investors clock returns despite lacklustre listing Inflated Valuations Many market participants saw the stock's debut as a sign that investors had become disillusioned with a recent string of IPOs with inflated valuations. “That's the quarter that you will call breakeven,” he said. Sharma said that Paytm could turn profitable when it did not need to invest “so much more” to fuel growth opportunities. The company expects to break even by late next year or early 2023, a source familiar with the matter told Reuters in July, though its IPO prospectus indicated that it expected to make losses for the foreseeable future. Paytm reported a loss of Rs 382 crore in the quarter ended in June, wider than a loss of Rs 284 crore for the same period last year.
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