Paytm Reports 1,828 Cr Revenue in Q3 FY25, Achieves 10% QoQ Growth
CIOTechOutlook Team | Monday, 20 January 2025, 10:46 IST
Paytm's operational revenue rose to Rs1,828 crore for Q3 FY25, reflecting a notable 10 percent quarter-on-quarter (QoQ) increase. The company announced a notable enhancement in its Profit After Tax (PAT), rising by Rs208 crore QoQ to Rs(208) crore. This steady advancement emphasizes Paytm's dedication to reaching profitability while growing its operations.
The financial technology company maintains its robust growth and enhanced profitability, solidifying its status as a leader in mobile and QR payment solutions. Paytm's cash reserves increased by Rs2,851 crore quarter-on-quarter to Rs12,850 crore, fueled by the tactical divestment of its share in PayPay and improved working capital efficiencies. The revenue from the payments sector rose by 8 percent quarter-over-quarter to Rs1,059 crore, supported by a 13 percent quarter-over-quarter rise in Gross Merchandise Value (GMV) to Rs5.0 lakh crore.
The merchant subscriber count for payment devices grew to 1.17 crore, adding 5 lakh new subscribers in the quarter, highlighting the increasing use of Paytm's unique payment solutions. The financial services sector experienced remarkable growth, as revenue rose by 34 percent quarter-over-quarter to Rs502 crore. This expansion was fueled by increased merchant loan distributions and enhanced collection efficiencies.
The company's Default Loss Guarantee (DLG) model gained additional momentum, aiding in sustainable growth in loan distribution. Paytm kept enhancing its operations, lowering indirect costs by 7 percent quarter-on-quarter (QoQ) and 23 percent year-on-year (YoY) to Rs1,000 crore.
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