The consolidated revenue from operations grew 64 per cent year-on-year (YoY) to Rs 1,086.40 crore in the September quarter compared with Rs 663.90 crore in the corresponding quarter last year. The revenues were driven by 52 per cent growth in non-UPI payment volumes (GMV) and more than 3 times growth in financial services and other revenues.
Paytm reported its earnings publicly for the first time since listing this month.
Revenue from payments and financial services rose 69 per cent YoY to Rs 842.60 crore while commerce and cloud services revenue jumped 47 per cent YoY to Rs 243.80 crore, the company said in a BSE filing.
Financial services and others revenue grew 250 per cent YoY to Rs 88.70 crore for the quarter, driven by growth in lending and wealth (Paytm Money) revenues. The share of financial services and others revenue increased from 3.8 per cent of total revenue from operations in September quarter last year to 8.2 per cent this year.
AgenciesThe company said its gross merchandise value (GMV) stood at Rs 1,95,600 crore, up by 107 per cent YoY and that the growth momentum continued in October, where the GMV at Rs 83,200 crore was up 131 per cent YoY.
The GMV growth was led by active user engagement & adoption across businesses, it said.
Paytm said as it continues to invest in expanding user base, its average monthly transacting users (“MTU”) in September quarter were up 33 per cent YoY to 5.74 crore and the trajectory has continued in October with 6.3 crore MTUs, a growth of 35 per cent Y0Y.
The monthly GMV per transacting user for the quarter rose 55 per cent YoY to Rs 11,369.
Contribution profit grew to Rs 260 crore in the recently concluded quarter, up 592 per cent YoY. Contribution margin jumped to 24 per cent of revenue from 5.7 per cent in the same quarter last year.
The management said the number of merchant partners in its ecosystem continued to grow, with Paytm registering merchant base increased to 2.3 crore in the second quarter, up from 1.85 crore in the year-ago quarter.
The jump came from adoption of offline payment offerings such as Paytm All-in-One QR code, Paytm All-in-One PoS and Paytm Soundbox that support multiple payment methods.
Management Commentary
The management said the number of merchant partners in its ecosystem continued to grow, with Paytm registering merchant base increased to 2.3 crore in the second quarter, up from 1.85 crore in the year-ago quarter.
The jump came from adoption of offline payment offerings such as Paytm All-in-One QR code, Paytm All-in-One PoS and Paytm Soundbox that support multiple payment methods.
Agencies
