Net Loss Widens To INR 840.1 Cr

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SUMMARY

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.)





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Net Loss Widens To INR 840.1 Cr


SUMMARY

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.)





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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