Paytm Q3 Results 2022 reported revenue of Rs 1,456 crore for the quarter ended December 31, up 89% year-over-year. Consumer payment services revenue increased 60 percent year-on-year to Rs 406 crore, driven by growth in Paytm payment instrument transaction volumes and the introduction of new use cases.
E-commerce cloud service revenue also increased by 64% to Rs 339 crore. And compared to the second quarter, it increased by 34 percent to Rs 1,456 crore.
Paytm Q3 Results 2022
In addition, return on deposits (defined as transaction revenue minus payment processing fees, promotional cashbacks, rewards and other direct costs) increased to 31.2% of revenue in the third quarter of 2022 from 8.9% in the third quarter of 2121 of the year. Profit from deposits increased due to the loss of INR. 1,998 crores in FY 2019 to a profit of 362.5 crores in FY 2021 and from 82 crores in the first quarter of FY 2021 to 244.5 crores in the first quarter of FY 2022. Percentage of operating revenue, marketing and promotion spending increased slightly from 15.3% in the first quarter of FY2021 to 15.5% in the first quarter of FY2022. In the first quarter of fiscal year 22, its net loss increased to Rs 381.9 crore compared to Rs 284.4 crore in the previous quarter. corresponding quarter of fiscal year 21.
Last year’s December quarter, losses were Rs 525 crore, still much lower than reported this time. On an annualized basis, the net loss increased by 45% compared to a net loss of Rs 535 crore for the period a year ago. Paytm said in information provided to the stock market on Friday evening that its net loss for the quarter from October to December last fiscal year was Rs 535.5 crore. The company recorded a loss of Rs 481.70 crore in the September quarter and Rs 535 crore in the period a year ago.
Paytm operator digital payments firm One 97 Communications widened its cumulative loss to Rs 778.5 crore in the quarter ended December 2021, from a loss of Rs 5.355 billion in the same period a year earlier, despite a notable rise in revenue. One97 Communications (One 97 Communications), the parent company of digital payments and financial services firm Paytm (paytm), completed the current fiscal year (Q3) with a deficit (loss) widening to Rs 778.5 crore in the third quarter. One 97 Communications’ parent fintech firm Paytms on Friday reported a consolidated net loss of Rs 778 crore for the third quarter ended December 31, 2021.
In the quarter ended December 31, 2021, PayTM’s net loss increased to Rs 778 crore compared to Rs 482 crore net loss in the previous quarter, increasing losses by 61.4% quarterly. Paytm reported a loss of Rs 778 crore, nearly double the Rs 473 crore reported in the September 2021 quarter.
Paytm reported that in the third quarter of the current fiscal year, the company’s total operating revenue grew by 89% year on year. Revenue from financial and other services rose 201% year on year to Rs 125 crore in the third quarter of 2022, the company said, adding that trading and cloud services revenue increased 64% year on year to Rs 339 crore in the December 2021 quarter. of the year. Q3 were driven by an increase in digital transactions on the platform in the quarter, both in terms of total active users and active users, and an increase in commercial transactions.
Consumer payment services revenue increased 60% year-on-year and 15% quarter-on-quarter to Rs 406 crore, driven by the growth in transaction volumes of our Paytm payment instruments and the expansion of Paytm application use cases,” Paytm said in a statement. It grew in the third quarter. 89 percent year on year to Rs 1,456 crore. Consolidated operating revenue for the quarter increased by 89 percent year-over-year to Rs 1,456 crore. 1456.1 crores to 772 crores in the same quarter last year, driven by rising trade payments. through MDR support tools, new device subscriptions and credits.
However, its consolidated operating revenue increased by approximately 88% to Rs 1456 crore in the reporting quarter from Rs 772 crore recorded in the December 2020 quarter. Paytms consolidated operating revenue increased by approximately 88% to Rs 1456.1 crore in quarter under review, down from Rs 772 crore in the same quarter last year. However, the company increased its losses by 34% to nearly INR 382 over the period. One97 Communications Limited, which owns Paytm, a leading Indian financial services and digital payments company, has shared its third quarter financial year 2022 results. During the quarter from October to December, the company’s revenue increased by 89% year on year to Rs 1,456 crore, EBITDA loss (before ESOP expenses) decreased to Rs 393 crore from Rs 488 crore in the same quarter of the previous year. .
The high costs of ESOP have not previously been factored into our estimates,” Macquarie added. Importantly, Paytms One parent company 97 Communications increased its net loss by nearly Rs 250 crore in the December 2021 quarter compared to the same quarter last year.
The company subsequently lowered its target to Rs 900 last month due to what it called “limited potential to scale the commercial loan distribution business.”
In Friday’s late earnings report, digital payments giant Paytm released its first earnings data since its disastrous public market listing last November.
The company said: “The rapid growth was driven by an increase in payments to merchants processed with MDR-supported instruments (Paytm Wallet, Paytm bank account, other network banks, debit and credit cards), platform lending, and the recovery of commercial activity after covid. the company provided 4.4 million loans (up 401% year on year) for a total amount of Rs 2,181 crore (up 366% year on year) Rs 2,181 crore (up 366% year on year).
Update on February 7, 2022 @ 10:08 am