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Paytm Q2 Revenues Jump 76% YoY

Picture Source: Internet

On a consolidated basis, Paytm’s revenue surged 76.2 per cent to Rs 1914 crore in the second quarter of FY23 over the second quarter of FY22. On a quarterly basis, revenues grew 14 per cent, driven by growth in loan disbursements. The firm has not recorded any UPI incentive in the current quarter.

On a consolidated basis, the net loss widened to Rs 571.10 crore in the first quarter of FY23 and a net loss of Rs 472.90 in the same period of the previous year.

EBITDA before ESOP cost was Rs 166 crore compared with Rs 426 crore in the second quarter of FY 2022 61 per cent improvement, and Rs 275 crore in the first quarter of FY 2023 39 per cent improvement. The company’s net cash, cash equivalent and investable balance are Rs 9,182 crore at the end of the second quarter of FY23.

Also, the payments services revenue grew 56 per cent yearly, and the net payment margin grew by over 400 per cent on the back of platform expansion.

Revenue in the financial services and other business was Rs 349 crore, up 293 per cent year on year, increased 29 per cent quarter on quarter and now accounts for 18 per cent of total revenue. Total loans disbursed, in partnership with lending partners were 9.2 million in the quarter, up 224 per cent year on year and 8 per cent quarter on quarter, amounting to Rs 7,313 crore, up 482 per cent year on year and 32 per cent quarter on quarter.

This is the digital financial services firm which operates under the Paytm brand. It is a payment super app offering consumers and merchants comprehensive payment services in India. Paytm’s shares hit a high of 0.27 per cent to Rs 651.95.

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