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Financial Technology Company Paytm Paytm One 97 Communication on Friday reported Consolidated Net Losses RS 778 Crore for the third quarter which ended December 31, 2021. In the September quarter, the company posted a loss of Rs 482 Crore The consolidated income from the operation for this quarter rose 89 percent YoY to Rs 1,456.1 Crore from Rs 772 Crore in the same quarter last year, driven by trader payment growth through MDR bearing instruments, new device subscriptions, and loan disbursement.
Progress contributions (defined as income from operations minus payment processing fees, promotion cashback, and incentives, and other direct costs) increased to 31.2 percent of the income in Q3 FY21 from 8.9 percent The EBITDA margin increased to 27 percent of the income in Q3 FY22 from 63 percent of income in Q3 FY21, and 39 percent of the income in Q2 FY22. Average monthly transaction users (MTU), the number of unique users with at least one successful payment transaction in a month, has grown by 37 percent yoy to 64.4 million in Q3 FY22.
The company said, “The number of consumers on our current platform is more than 350 million and our trader base has grown to 24.9 million (from 20.0 million a year ago). Our monthly transaction users (MTU) grow consistently above the year of flight This. The average monthly transaction (MTU) user on our platform in Q3 FY22 is 64.4 million, growth of 37 million yoy and 12 million Qoq. “
Payment Processing Traders through All Instruments (Paytm Wallets, Paytm Payment Bank Accounts, Other Bank Net Banking, Credit and Debit Cards, UPI, etc.) grew 123 percent yoy The value of gross merchandise Paytm (GMV) for Q3 FY22 is 2.5 lakh crore. Our GMV of payment processing through MDR bearing instruments grows 77 percent yoy. GMV is the amount processed on our platform when customers make payments to traders using any instrument GMV at RS 2.5 Lakh Crore on Q3 FY22 rose 123 percent yoy and 28 percent QoQ was driven by growth in our online trading base and O FFL, increased user involvement, and the impact of the celebration season. GMV from MDR bearing instruments (non-UPI instruments ) Growing by 77 percent yoy, “Paytm said.
“Payment services to consumers include payments made by consumers in the Paytm application, where we get MDR and certain costs. Revenue from payment services to consumers rose 60 percent YoY and 15 percent QoQ to RS 406 Crore, driven by the growth of Payment Instrument Transaction Volume Our Paytm and the expansion of cases of cases in the Paytm application, “Paytm said In UPI Ecosystem, Paytm Payments Bank Ltd. (PPBL) is the largest benefit bank for UPI transactions, with a record of 926 million transactions in December 2021, in accordance with NPCI data, and is also one of the leading remitter banks for UPI transactions. PPBL also holds the majority market share in Registration for Autopay UPI’s mandate for recurrent bill payments The results came after the closing of the market clock. Paytm shares ended at Rs 952.90, up to RS 8.40, or 0.89 percent on BSE.
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