Active Stocks
Fri Apr 19 2024 15:56:00
  1. Tata Steel share price
  2. 162.10 1.31%
  1. Tata Motors share price
  2. 963.20 -0.84%
  1. NTPC share price
  2. 350.90 -0.14%
  1. ITC share price
  2. 424.80 1.40%
  1. Power Grid Corporation Of India share price
  2. 281.70 0.54%
Business News/ Companies / Company Results/  Paytm Q4 results: Loss widens to 761 cr; revenue up 89%
BackBack

Paytm Q4 results: Loss widens to ₹761 cr; revenue up 89%

Paytm said it is on track to achieve operating break-even by quarter ending September 2023

On Friday, Paytm's scrip rose 3.30% to close at ₹572 on NSE. (AFP)Premium
On Friday, Paytm's scrip rose 3.30% to close at 572 on NSE. (AFP)

Paytm reported a widened loss of 761 crore in the three months to March, compared with 444 crore loss a year ago.

On Friday, Paytm's scrip rose 3.30% to close at 572 on NSE.

Paytm said it is on track to achieve break-even by quarter ending September 2023, which it hopes will be driven by continued revenue growth, along with moderation in costs as operating leverage kicks in.

The digital payment company's revenue grew 89% to 1,541 cr from 815 crore in the fourth quarter, driven by healthy growth in GMV (gross merchandise value) from MDR bearing instruments, 2.1 million new devices, and huge growth in value of loans disbursed.

The company's average MTU (number of unique users with at least one successful payments transaction in a month), has grown 41% year-on-year to 70.9 million in the reporting quarter.

The contribution profit --- as defined by revenue from operations less direct costs --- improved to 35% of revenue in the quarter from 21.4% a year ago.

Paytm said all lending offerings have scaled up significantly over the last year, seeing increased adoption by users and number of loans stood at 6.5 million, rising 374% over last year.

Meanwhile, the value of loans disbursed rose to 3,553 crore, a growth of 417% year-on-year and 63% quarter-on-quarter.

The country’s biggest IPO until LIC, Paytm, is S&P BSE IPO index worst performer, down 75% since its highly anticipated float in November.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 20 May 2022, 09:49 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App