Previous   Next
HomeBusinessPaytm’s Q2 Net Loss Widens To Rs 482 Crore

Paytm’s Q2 Net Loss Widens To Rs 482 Crore

financial services company Paytm’s parent One97 Communications on Saturday reported that its net loss widened 11% at Rs 482 crore in the second quarter ended September 30, 2021, compared to the same period in the previous fiscal. Its net loss in Q2FY21 stood at Rs 435 crore.

The company’s net loss during the previous quarter of this fiscal was Rs 377 crore.

However, its revenue from operations grew 64% Y-o-Y to Rs 1,090 crore, driven by 52% growth in non-UPI payment volumes (GMV) and more than 3 times growth in Financial Services and Other revenue. Its revenue from operations stood at Rs 664 crore in Q2FY21.

The company is reporting its earnings publicly for the first time since listing recently.

Paytm said its contribution profit was Rs 260 crore in Q2 FY22, up 592% Y-o-Y due to monetisation of its large distribution base through high margin offerings such as lending, advertisements and commerce offerings. Its contribution profit for the half-year ended September 30, 2021, was Rs 500 crore, which has exceeded the contribution profit of Rs 360 crore for the full previous financial year.

Paytm reported that its GMV for Q2 FY22 was Rs 1,95,600 crore, up by 107% Y-o-Y and the growth momentum continued in October 2021, where the GMV at Rs 83,200 crore was up 131% Y-o-Y.

As the company is continuing to invest in expanding its user base, the average Monthly Transacting Users (MTU) in Q2 FY22 was up by 33% Y-o-Y to 57.4 million and the trajectory has continued in October 2021 with 63 million MTUs, a growth of 35% Y-o-Y compared to 47 million MTUs in October 2020.

According to an exchange filing, Revenues from Payment and Financial Services went up by 69% y-o-y to Rs 8,42.6 crore, and Revenue from Payment Services to customers was up 54% Y-o-Y to Rs 353.6 crore, driven by an increase in non-UPI payment usage on its consumer platform.

“The growth of non-UPI GMV has driven continued payments revenue growth, and our UPI-led payment volume growth is translating to a significant ramp-up of our financial services offering. We are driving digital payments and financial services penetration and widespread adoption across India,” Paytm said.

Paytm’s Financial Services and Others revenue grew 250% Y-o-Y to Rs 88.7 crore in Q2 FY 2022, driven by growth in Lending and Wealth (Paytm Money) revenues. The share of Financial Services and Others revenue increased from 3.8% of total revenue from operations in Q2 FY 2021 to 8.2% in Q2 FY 2022.

The company’s Revenues from Commerce and Cloud services went up by 47% Y-o-Y to Rs 243.8 crore. Interestingly, its Revenue from Cloud increased to Rs 160 crore up 37% Y-o-Y primarily due to strong growth in the advertisement revenue.

More News

Uttarakhand Polls: Former CM Trivendra Singh Rawat Unwilling to Contest Upcoming Polls

BJP leader and former Uttarakhand Chief Minister Trivendra Singh Rawat have announced that he is not willing to contest in the upcoming assembly election...

Smriti Mandhana Named In ICC Women’s T20I Team of The Year

India opener Smriti Mandhana on Wednesday was named in ICC Women’s T20I team of the year for 2021. The team of the year announcements...

Australian Open: Sania, Bopanna Lose In Women’s And Men’s Doubles Opener

Veteran Indian players Sania Mirza and Rohan Bopanna were eliminated in the opening round of the women's doubles and men's doubles, respectively, at the...


Digital Payments Adoption Accelerating: RBI-Digital Payments Index

There has been a significant growth in adoption as well as deepening of digital payments across the country, showed the Reserve Bank of India...

Union Cabinet Sanctions Rs 973 Crore To SBI For Compensation Payment To Borrowers

The government on Wednesday approved sanction of ₹ 973.74 crore to the State Bank of India (SBI) as reimbursement related to the loan moratorium...

Sensex Dives 656 Points, Nifty Ends Below 18,000

Benchmark indices continued the selling on the second consecutive day on January 19 with Nifty below 18,000. At close, the Sensex was down 656.04 points...