The company's cash balance has increased to Rs 8,754 Cr as of the quarter ending September 2023, as compared to Rs 8,367 Cr as of quarter ending June 2023. Paytm has four different types of credit portfolios – Paytm Postpaid, personal loan, merchant loan and its co-branded credit cards. The value of Postpaid Loans distributed grew 122% to Rs 9,010 crore. ![]() Out of the total disbursement, merchant loans contributed Rs 3,275 crore and personal loans contributed Rs 3,927 crore. It reported a 64 percent increase year-on-year in revenue from financial services including from its successful and rapidly growing lending marketplace platform to Rs 571 crore.įurther, its overall loan disbursement was recorded at Rs 16,211 crore up nearly 122 percent in the quarter under review. Paytm's overall metrics seem to be improving better than expected with the net payment margin going up, owing to the increase in merchant subscription revenues and increase in loan disbursal. The net payment margin was up by nearly 60% to Rs 707 crore. The company saw its revenue from the payments business go up by Rs 28 percent to Rs 1,524 crore. The Noida-based company's ESOP expenses for the quarter stood at Rs 385 crore during the quarter under review. During the last quarter, it reported a loss of Rs 358 crore. The Flight Attendant (2020-22) This compulsive thriller starring Kaley Cuoco is one of the best new shows to come out of HBO Max. On a quarterly basis, Paytm reported a marginal increase of 7 percent as it saw its revenue recorded at Rs 2,341 crore in Q1 of FY24. Whereas in the previous financial year, it was largely in Q2," The firm said in its BSE filing on Friday. In this financial year, online sales for the festive season will be captured in Q3, ![]() ![]() "For Q2 FY24, we continued our momentum with 32% YoY revenue growth, despite some of the revenues getting pushed to Q3 FY 2024. The company’s losses narrowed to Rs 292 crore as against a loss of Rs 571 crore reported in the last financial year as its overall direct expenses came at Rs 1,093 crore in Q2 of FY24. Payments major Paytm on October 20 reported a consolidated revenue of Rs 2,519 crore, up 32 percent for the second quarter ended September 2023 as against a revenue of Rs 1,914 crore last year, mainly on account of improving payment processing margins and growth in its loan disbursement.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |