Paytm: One97 Communications parent company of Paytm losses were majorly fell down in the March Quarter. The company’s combined net loss lessened to Rs.168 crore from Rs.761 crore a year ago and Rs.392 crore in Q3FY23.

Fintech platform Paytm saw a hike of 51 per cent jump in revenue operations at Rs.2,334 crore in Q4FY23 on an annual basis. While the overall revenue in FY23 grew 61 per cent to Rs.7,990 crore.

This growth in revenue was caused by an increase in gross merchandise value(GMV), higher merchant subscription revenues, and growth of loans distributed through the company’s platform.

With merely including the company’s quarter’s UPI incentive, revenue growth in Q4 was 43% YoY and the contribution margin was 52% as compared to 35% in the same period the previous year.

In terms of operating level, the company acquired and reported a profit of Rs.101 crore compared with a loss of Rs.368 crore a year back.

GMV for the March quarter took a rise by 40 per cent to Rs.3.62 lakh crore YoY, while merchant subscriptions doubled way more.

Numbers relating to average monthly transacting users (MTU) for Q4 hiked by 27% YoY to 9 crore, as users in India continue to switch to mobile payment on a larger level.

Subscription services provided by Paytm for payment devices, such as Soundbox and POS machines, are being adopted powerfully, with 68 lakh merchants paying Paytm subscriptions as of March 2023.

The fintech company’s contribution profit improves by 49 per cent to Rs.3,900 crore in FY23, and the contribution margin is at 55 per cent in Q4 FY23.

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Paytm: Payments

The company while talking about its revenues said that its revenue from core business and payment services was Rs.1,467 crore, which rose up to 41 per cent in FY23. Looking upon the company’s Q4 incentive only, payment revenue grew to 28 per cent YoY. The profitability from payments further grew with Q4 FY23 net permanent margin expanding 158 per cent YoY to Rs.687 crore.

“The growth of UPI and other mobile payment methods presents a wealth of untapped opportunities. We are prepared to capitalise on these opportunities by bringing innovative products to our customers,” the company said in a release.

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Paytm: Loan spending

The company’s loan distribution has grown. In Q4 FY23, across its three product offerings- Paytm Postpaid, Personal Loans and Merchant Loans which amounts to Rs.12,554 crore were distributed through the Paytm platform. Till March 2023, 95 lakh borrowers have taken a loan through Paytm’s platform.

“With low penetration rates currently for each of our loan distribution products, we see a long runway for growth in this business,” the company said in a release.

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