Paytm Q1FY23 Results: Loss declined by 15.3% to ₹644 Cr & Income up 8% to ₹1,781 Cr QOQ, MTU grew 49% YoY

The average monthly transacting user (MTU) stood at 74.8 mn for the quarter, growing 49% YoY and 6% QoQ. Merchant base has increased to 28.3 mn merchants who are leveraging our innovative product offerings such as Soundboxes, to help in their businesses. As a result of continued platform growth, GMV for the quarter stood at ₹3.0 Lakh Cr for the quarter, increasing 101% YoY. Growth in GMV from MDR-bearing instruments (such as Cards, Wallets, Net-banking and Paytm Postpaid), was 52% QoQ.

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One97 Communications is the parent entity of leading Indian mobile payments and financial services company Paytm, headquartered in Noida, India. It was founded in 2000 by Vijay Shekhar Sharma. In July 2021, the company filed the offer document for the largest ever initial public offering in India’s history.

Vijay Shekhar Sharma‘s company has posted its Q1FY23 financial results today, the details are as below :

(I) Unaudited Consolidated Financial Results for Quarter Ended (QOQ comparison):

Paytm Q1 results 2022 reported, a consolidated Total Income of ₹1,781.6 crore in the quarter ended on June 30, 2022 as against ₹1,648.4 crore in the last quarter ended on Mar 31, 2022, increased by 8.08%.

The company has posted a consolidated Net Loss of ₹(644.4) crore in the quarter ended on March 31, 2022 as against ₹(761.4) crore in the previous quarter ended on June 30, 2022. The Loss surges down by 15.36%.

The status of the EPS of the company stood at ₹(10) as on March 31, 2022 compared to the previous quarter ended on June, 2022 which was ₹(12), loss covered by 16.7%.

₹*June 30, 2022 (Q1FY23)Mar 31, 2022 (Q4FY22)
Total Income1,781.61,648.4
Total Expenses2416.22372.0
PBT /(Loss)(640.6)(761.9)
Total Tax /(credit)4.80.6
PAT /(Loss) [to the owners](644.4)(761.4)
*figures are in Crores

(II) Unaudited Consolidated Financial Results for Quarter Ended (YoY comparison):

The company has reported, a consolidated Total Income of ₹1,781.6 crore in the financial year ended on June 30, 2022 as against ₹948.0 crore for the same quarter ended on last year June 30, 2021 that increased by 87.93%.

Q1 results 2022 of Paytm shows a consolidated Net Loss of ₹(644.4) crore in the financial year ended on June 30, 2022 as against ₹(380.2) crore for the same quarter ended on last year June 30, 2021. The Loss surges up by 69.49%.

The status of the EPS of the company stood at ₹(10) as on June 30, 2022 compared to the quarter ended on last year June 30, 2021 which was ₹(6), loss up by 66.7%.

₹*June 30, 2022 (Q1FY23)June 30, 2021 (Q1FY22)
Total Income1,781.6948.0
Total Expenses2416.21312.3
PBT /(Loss)(640.6)(376.4)
Total Tax /(credit)4.83.1
PAT /(Loss) [to the owners](644.4)(380.2)
*figures are in Crores

Paytm in shops

(III) Key Highlights about the Performance :

  • Total loans disbursed, in partnership with our lending partners were 8.5 mn in the quarter, amounting to ₹5,554 Cr, a growth of 56% QoQ and 779% YoY (in value terms). Disbursements in loan distribution business are annualizing at a run-rate of about ₹24,000 Cr
  • Paytm Postpaid grew 29% QoQ in terms of volume, resulting in disbursements of ₹3,383 Cr (55% QoQ)
  • Personal loans grew 44% QoQ in terms of volume, with disbursements amounting to ₹1,344 Cr (67% QoQ)
  • Merchant Loans vertical witnessed healthy growth of 56% QoQ in terms of volume, translating into disbursements of ₹827 Cr for the quarter (46% QoQ)
Paytm Loan disbursement YoY growth – paytm Q1 results 2022
  1. The average monthly transacting user (MTU) stood at 74.8 mn for the quarter, growing 49% YoY and 6% QoQ. Merchant base has increased to 28.3 mn merchants who are leveraging our innovative product offerings such as Soundboxes, to help in their businesses.
  2. Number of payments devices Continued strong growth in device deployment, over 0.9 mn devices added in Q1FY23.
  3. The company thinks expansion of its devices business, which has reached a deployed base of 3.8 mn in Q1, will continue to drive higher payment volumes, subscription revenues and merchant loan distribution.
  4. As a result of continued platform growth, GMV for the quarter stood at ₹3.0 Lakh Cr for the quarter, increasing 101% YoY. Growth in GMV from MDR-bearing instruments (such as Cards, Wallets, Net-banking and Paytm Postpaid), was 52% QoQ.
  5. UPI merchant payments (which are free for the merchant) have become revenue generating given the government is encouraging digital payments in the form of incentives for UPI P2M transactions.
  6. Net payments margin for the quarter (defined as payments revenue less payment processing cost) has increased to 35% of payments revenue, compared to 17% in Q1 FY 2022 driven by (a) continued growth in device subscription revenues, (b) improved margins in online merchants business, and (c) better negotiations with existing partners leading to reduction in payment processing charges.
  7. EBITDA (Before ESOP cost) : Improvement of ₹93 Cr compared to Q4 FY 2022 Margin improved to (16%) of revenues from (37%) of revenues in Q1FY22, despite continued investments in technology, sales and marketing.

Paytm Net Cash – paytm Q1 results 2022

The stocks of One97 Communications Ltd last hit in BSE,

  • Intraday High of ₹ 816.70
  • Intraday low of ₹ 775.15
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