Paytm Q2 Results: Loss narrows to Rs 290 crore; revenue jumps 32% YoY
Revenue from operations during the reporting period jumped 32% year-on-year (YoY) to Rs 2,519 crore. The same stood at Rs 1,914 crore a year ago.
EBITDA (before ESOPs) further improved in the second quarter to Rs 153 crore as against Rs 84 crore in the first quarter.
Contribution profit for the reporting quarter is up 69% YoY to Rs 1,426 crore, with a contribution margin of 57%.
Segment-wise, revenue from payments business increased 28% YoY to Rs 1,524 crore, while net payment rose 60% YoY to Rs 707 crore.
The gross merchandise value (GMV) from the payments segment surged 41% YoY to Rs 4.5 lakh crore.
The merchant paying subscriptions for devices reached 92 lakh at the end of the September quarter.
In the loan distribution business, revenue from financial services and others increased 64% YoY to Rs 571 crore.
Unique users, who have taken loans through the Paytm platform reached 1.18 crore.
The loan disbursal continues to scale with a growth of 122% YoY at Rs 16,211 crore.
In this financial year, online sales for the festive season will be captured in Q3 whereas in the previous financial year, it was largely in Q2.
Paytm said overall revenue growth was led by an increase in GMV, merchant subscription revenues, and growth of loans distributed through its platform.
