![]() ![]() As of March 2023, 95 lakh borrowers have taken a loan through the platform. In Q4FY23, total number of loans grew to 1.2 crore (up 82 per cent YoY) while the total value of loans amounted to Rs 12,554 crore, growth of 253 per cent YoY, were disbursed through Paytm across its three product offerings - Paytm Postpaid, Personal Loans, and Merchant Loans. Paytm's loan distribution business, in partnership with marquee lenders, continues to scale. Excluding prior quarters' UPI incentives, like-for-like margin increased to 52 per cent from 35 per cent in Q4FY22. Contribution profit improved from 30 per cent in FY22 to 49 per cent in FY23 of revenue to Rs 3,900 crore, up 160 per cent YoY. In FY23, the company's net payments margin grew 2.9X to Rs 1,970 Cr, demonstrating profitability of payment business despite higher share of UPI.ĭriven by continued improvement in payments profitability and increasing mix of high margin businesses like credit distribution, Paytm's contribution margin in Q4 FY 2023 stood at 52 per cent, improving from 35 per cent in Q4 FY 2022. The company further improved its payment profitability with Q4FY23 net payment margin expanding 158 per cent YoY to Rs 687 crore while the net payments margin was Rs 554 crore, up 107 per cent YoY after excluding previous quarters' UPI incentive. In FY 2023, Commerce and Cloud revenue grew by 38 per cent to Rs 1,520 crore. In Q4 FY 2023, Paytm's Commerce & Cloud revenue grew by 23 per cent YoY to Rs 392 crore. ![]() The company continues to monetize Paytm app traffic in its Commerce and Cloud segment by providing marketing services to its merchants. This was largely on account of 364 per cent increase in the value of loans disbursed through our platform. Paytm significantly increased its loan distribution business with revenue from financial services and others growing 183 per cent YoY to Rs 475 Cr in Q4 FY 2023 and by 252 per cent in FY 2023 to Rs 1,540 crore. In FY23, the net payments margin grew by an impressive 2.9X to Rs 1,970 crore, demonstrating the profitability of the payment business, despite the higher share of UPI. The company's payment profitability improved with the Q4FY23 net payment margin expanding 158 per cent YoY to reach Rs 687 crore. Paytm's payments revenue grew by 41 per cent YoY to Rs 1,467 crore in Q4FY23, with payment revenue growing 28 per cent YoY after excluding prior quarters' UPI incentives. Paytm beat the estimates of analysts such as Bank of America, Goldman Sachs, Morgan Stanley, Citi, and Macquarie that forecast Q4 revenues of Rs 2,231 crore, Rs 2,296 crore, Rs 2,189 crore, Rs 2,274 crore, and Rs 2,319 crore, respectively. In Q4, Paytm's EBITDA before ESOP costs surged to Rs 234 crore, a significant jump from the previous fiscal's Q4 figure of (Rs368 crore). The company already achieved its operating profitability milestone in Q3, ahead of its September 2024 guidance, due to the increased pace of monetization, better cost management, and higher operating leverage. In Q4FY23, the company's revenue surged by 51 per cent YoY to reach Rs 2,334 crore, while the full-year revenue increased by 61 per cent YoY to Rs 7,990 crore. Noida (Uttar Pradesh), May 5 (ANI): India's leading payments and financial services company Paytm has announced Q4 FY2023 results, where it has surpassed analysts' estimates and reported robust growth in the Q4FY23 and FY23 results.
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