paytm: Paytm Q4 loss increases to Rs. 761 crore

New Delhi: Digital Financial Services Firm One97 Communications, which operates under Paytm The brand on Friday reported an increase in its consolidated loss for the quarter ended March 2022 to Rs. 761.4 crore.
In the same period a year ago, the company earned Rs. 441.8 crore.
The damage, however, gradually narrowed. Its consolidated loss for the quarter ended December 2021 was Rs. 778.4 crore.
“As announced in April 2022, we believe that by September 2023 we will have achieved an operating breakaway (ie EBITDA before ESOP costs). This will be driven by continued revenue growth, as well as moderation in operating leverage starting costs “Paytm said.
For FY’22, the company’s EBITDA loss (before ESOP) improved by 8% year-on-year to Rs 1,518 crore from Rs 1,655 crore in the previous year. In addition, the company had Rs 809 crore in non-cash. ESOP expenses. He added.
Revenue from the operation of One97 Communications (OCL), however, increased by almost 89 per cent during the quarter to Rs. 1,540.9 crore as against Rs. 815.3 crore.
Expenditure on employees in the March 2021 quarter was Rs. 347.8 crore more than doubled to Rs. 863.4 crore.
Payment processing charges rose 52 per cent to Rs. 774.2 crore as against Rs. 508.7 crore.
Marketing costs Rs. 100.1 crore to Rs. 248.9 crore.
For the year ended March 31, 2022, OCL’s loss in 2020-21 was Rs. 1,701 crore to Rs. 2,396.4 crore.
However, annual revenue from operations increased by 77.49 per cent in 2021-22 to Rs. 4,974.2 crore as against Rs. 2,802.4 crore.
“We have taken advantage of our distribution and rich insights to provide financial products to our customers and merchants in partnership with financial institutions.
“One of the highlights of the quarter is the rapid growth of our lending products which offers us an attractive profit pool. In April 2022, we reached an annual run rate of approximately Rs 20,000 crore of distribution through our platform,” OCL said. In a statement.
Its average monthly transaction user (MTU) base grew by 41% year-on-year to over 70 million in the quarter, while its merchant base grew to 2.67 million at the end of 2021-22.
“We continue to see huge growth in our GMVs, which stood at Rs 2.6 lakh crore in the quarter, showing a growth of 104 per cent year-on-year,” OCL said.
Its full-year gross merchandise value (GMV) in FY 2021 was Rs. 4 lakh crore in 2021-22 to Rs. 8.5 lakh crore, the statement said.


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