![]() Paytm's loan distribution business, in partnership with marquee lenders, has continued to scale, with the total number of loans growing to 1.2 crore in Q4FY23, up 82% YoY, and the total value of loans amounting to ₹12,554 crore, registering a growth of 253% YoY. The company's Gross Merchandise Value (GMV) increased by 55% YoY to reach ₹13.2 lakh crore for FY23. Paytm's user engagement on the platform continues to grow, with average Monthly Transacting Users (MTU) for Q4FY23 increasing by 27% YoY to 9 crore, indicating a growing adoption of digital payments by consumers and merchants in India. Excluding prior quarters' UPI incentives, the like-for-like margin increased to 52% from 35% in Q4FY22. Contribution profit margin improved from 30% in FY22 to 49% in FY23 of revenue to ₹3,900 crore, up 160% YoY. Its average monthly transacting user (MTU) base increased by 41 per cent year-on-year to over 7 crore for the quarter, while its merchant base grew to 2.67 crore at the end of 2021-22.Paytm's contribution margin stood at 55%, driven by the continued improvement in payments profitability and increasing mix of high-margin businesses like credit distribution. In April 2022, we reached an annualised run rate of approximately Rs 20,000 crore of disbursement through our platform," OCL said in a statement. ![]() “One of the highlights of the quarter has been the rapid growth of our lending products which provides us with an attractive profit pool. “We have leveraged our distribution and rich insights to offer financial products to our consumers and merchants, in partnership with financial institutions. However, annual revenue from operations jumped 77.49 per cent to Rs 4,974.2 crore in 2021-22 from Rs 2,802.4 crore earlier. For the year ended March 31, 2022, OCL’s loss widened to Rs 2,396.4 crore from Rs 1,701 crore in 2020-21. Marketing expenses more than doubled to Rs 248.9 crore from Rs 100.1 crore. The payment processing charges increased by 52 per cent to Rs 774.2 crore in the March 2022 quarter from Rs 508.7 crore a year ago. The revenue from operations of One97 Communications (OCL), however, jumped by about 89 per cent to Rs 1,540.9 crore during the quarter from Rs 815.3 crore in the year-ago period.Įxpenses on employees more than doubled to Rs 863.4 crore from Rs 347.8 crore in the March 2021 quarter. In addition, the company had Rs 809 crore of non-cash ESOP expenses," it added. “The company’s EBITDA loss (before ESOP) for FY’22 saw an improvement of 8 per cent year-on-year to Rs 1,518 crore from Rs 1,655 crore the previous year. ![]() ![]() This will be driven by continued revenue growth, along with moderation in costs as operating leverage kicks in," Paytm said. “As announced in April 2022, we believe we will achieve operating breakeven (i.e EBITDA before ESOP cost) by September 2023. Its consolidated loss stood at Rs 778.4 crore in the quarter ended December 2021. The losses, however, narrowed on a sequential basis. The company had posted a loss of Rs 441.8 crore in the same period a year ago. ![]() Digital financial services firm One97 Communications, which operates under the Paytm brand, on Friday reported widening of its consolidated loss to Rs 761.4 crore for the quarter ended March 2022 on account of rise in payment processing charges and employees benefit expenses. ![]()
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