Paytm’s consolidated net loss widened 134% YoY to INR 840.1 Cr in Q1 FY25 as compared to INR 358.4 Cr in the year-ago period
Revenue from operations declined 36% YoY in Q1 FY25 to INR 1,502 Cr from INR 2,342 Cr in the corresponding quarter last year
Paytm’s payment business revenue stood at INR 900 Cr during the quarter under review, which took a hit due to disruption in Paytm Payments Bank Limited products and operating metrics, the company said
Listed fintech major Paytm’s consolidated net loss widened 134% year-on-year to INR 840.1 Cr in the June quarter (Q1) of the financial year 2024-25 (FY25) as compared to INR 358.4 Cr in the year ago-period.
Revenue from operations declined 36% YoY in Q1 FY25 to INR 1,502 Cr from INR 2,342 Cr in the corresponding quarter last year.
Paytm’s payment business revenue stood at INR 900 Cr during the quarter under review, which took a hit due to disruption of Paytm
Payments Bank Limited products, the conservative approach taken for certain businesses, and temporary disruptions in operating metrics, the company said in its earnings release.
In Q1 FY25, Paytm reported a negative adjusted EBITDA, or EBITDA before ESOP of INR 545 Cr.
“Going forward, we expect revenue and profitability to improve, driven by growth in operating parameters such as GMV, an expanding merchant base, recovery in loan distribution business and continued focus on cost optimization,” Paytm said.
The net payment margin was INR 383 Cr, with payment processing margin up 3 basis points.
(The story will be updated soon.)
