![]() ![]() Last week, Paytm posted INR 1,456 Cr as income from activities in Q3 FY22, 34% higher than the INR 1,086 Cr revealed in the July-September quarter and 88.6% higher than INR 772 Cr in Q3FY21. While Goldman Sachs updated Paytm to purchase, business firm Macquarie Research kept on calling it a failure to meet expectations stock and slice its objective cost to INR 700 from the previous INR 900. The stock was up by more than 2% at INR 972 in early exchanging however before dinnertime, it had seen a further amendment and was exchanging at INR 957.40 before the day's over, subsequent to hitting a high of INR 983. The fintech monster's portions recuperated after a concise drop on opening after the Q3 results. “With low penetration rates currently for each of our loan distribution products, we see a long runway for growth in this business,” the company said in a release.Paytm parent One97 Communications saw a major swing in assumptions from financier firms and experts subsequent to posting empowering development in the second from last quarter of the current monetary (Q3 FY2022) finishing December 2021. The company reported that the average ticket size for personal loans is currently at approximately Rs 130,000 with an average tenure of 15 months. ![]() Its contribution margin was 52 per cent as compared to 35 per cent in Q4 FY 2022. As of March 2023, 95 lakh borrowers have taken a loan through the company’s platform, the company said in its regulatory filing. In Q4 FY23, across its three product offerings – Paytm Postpaid, Personal Loans, and Merchant Loans – loans amounting to Rs 12,554 crore were distributed through the Paytm platform. Paytm's loan distribution business has continued to grow. We are prepared to capitalise on these opportunities by bringing innovative products to our customers,” the company said in its regulatory filing. “The growth of UPI and other mobile payment methods presents a wealth of untapped opportunities. Payments profitability further improved with Q4 FY 2023 net payment margin expanding 158 per cent YoY to Rs 687 crore. Considering Q4’s UPI incentive only, payment revenue grew 28 per cent YoY. The company said that payments is their core business and its revenue from payment services was Rs 1,467 crore, which was up by 41 per cent in FY23. This was 29 lakh merchants in the same period last year. Paytm's subscription services for payment devices, such as Soundbox and POS machines, also saw strong adoption, with 68 lakh merchants paying Paytm subscriptions as of March 2023. ![]() In FY23, the company’s net payments margin grew 2.9X to Rs 1,970 crore, which was due to the profitability of the payment business despite a higher share of UPI. Its net payments margin was Rs 554 crore, up 107 per cent YoY after excluding previous quarters’ UPI incentive. The company reported that it has improved its payment profitability with Q4 FY23 net payment margin expanding 158 per cent to Rs 687 crore. The payments and financial services company’s contribution profit improves to 49 per cent to Rs 3,900 crore in FY23, and contribution margin stands at 55 per cent in Q4 FY 2023. Paytm achieved its operating profitability milestone in Q3FY23, much ahead of its September 2024 guidance. For FY23, EBITDA before ESOP cost stood at Rs 176 crore, which is much higher than Rs 1,342 cr a year ago. ![]()
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