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Paytm FY22 results: Revenue jumps 77% to Rs 4,974 cr, losses reduce 8% to Rs 1,518 cr

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One97 Communications Limited (OCL) that owns the brand Paytm, Indias leading mobile payments and financial services company, announced its quarter-ending March 2022 and full financial year FY22 results. The company saw its revenue jump by 77 per cent in FY22 to Rs 4,974 crore from Rs 2,802 crore the previous year.

In Q4 alone, the company’s revenue grew 89% on a year-on-year basis to Rs 1,541 crore, while EBITDA (before ESOPs) for the quarter improved 12 per cent year-on-year.

The growth in revenue was led by the increase in consumer and merchant payments and disbursements of loans through its partners on Paytm.

The company’s EBITDA loss (before ESOP) for FY22 saw an improvement of 8 per cent year-on-year to Rs 1,518 crore from Rs 1,655 crore the previous year. In addition, the company had Rs 809 crore of non-cash ESOP expenses.

Paytm has reduced EBITDA (before ESOP cost) loss despite making investments in user growth, merchant device deployment and technology. The company’s cost structures in Q4 FY 2022 are largely sufficient to support its growth plans in FY 2023. As a result, the company believes it will show accelerated reduction in EBITDA losses and is well on track to achieve profitability (before ESOP) by September 2023 quarter.

Paytm has a strong two-sided ecosystem of consumers and merchants, where it is seeing the monetization strategy kick in to yield results. On the consumer payments side, the company is recording increasing usage of the Paytm app and Paytm Payment instruments. On the merchant payments side, the company serves the entire base of merchants through (i) QR for payments (typically free), (ii) soundboxes (which generate subscription revenues), (iii) card machines (which generate subscription and MDR revenues), and (iv) Payment Gateway for online merchants (which generates MDR revenues and platform fees). Leveraging this distribution and rich insights, Paytm offers financial products to its consumers and merchants, in partnership with financial institutions.

Increased consumer engagement and merchant base leads to higher revenue from Payment services. The company has recorded a jump in its average monthly transacting users in FY22 to 60.8 million, the average for the last quarter further increased to 70.9 million. Paytm’s merchant base has also grown to now have 26.7 million merchant partners, with 2.9 million devices deployed as of FY22.

The increased consumer engagement and merchant base has also led to increased revenue from Payment Services (both to consumers and merchants). Paytm’s Revenue from Payment Services to Consumers was up 58 per cent to Rs 1,529 crore in FY 2022 from Rs 969 Cr for the FY 2021. For the full year, Revenue from Payment Services to Merchants was up 87 per cent to Rs 1,892 crore in FY 2022 from Rs 1,012 crore for FY 2021.

One of the highlights of Q4FY22 and FY22 has been the rapid scale-up of Paytm’s loan disbursement business, where it offers Paytm Postpaid (Buy Now, Pay Later), personal loans and merchant loans. In April 2022, the company reached an annualised run rate of approximately Rs 20,000 crore of disbursement through its platform.

For the full year, the number of loans disbursed through the Paytm platform has grown 478 per cent year-on-year to 15.2 million in FY 2022 from 2.6 million in FY 2021. The value of loans disbursed has grown 441 per cent year-on-year from Rs 1,409 crore in FY 2021 to Rs 7,623 crore in FY 2022.

The number of Postpaid Loans disbursed grew 373 per cent year-on-year in Q4 FY 2022, while the value of Postpaid Loans grew 425 per cent year-on-year, thus highlighting increased usage by customers.

Personal Loans disbursed through partners on Paytm grew 948 per cent year-on-year in Q4 FY 2022, while the value of Personal Loans grew 1,082 per cent year-on-year. The number of Merchant Loans disbursed grew 123 per cent year-on-year in Q4 FY 2022, while the value of Merchant Loans grew 178 per cent year-on-year. The average ticket size has also increased in FY22, with personal loans ranging from Rs 85,000 to Rs 95,000 and merchant loans ranging from Rs 1,30,000 to Rs 1,50,000.

National

Maha govt transfers seven bureaucrats in a minor reshuffle

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Mumbai, April 2: In a minor reshuffle, the Maharashtra government on Wednesday transferred seven bureaucrats.

Nishi Pandey, an IAS officer of the 2001 batch, has been posted as Managing Director of Maharashtra Small Scale Industries Development Corporation.

Laxminarayan Mishra, an IAS officer of the 2012 batch, has been posted as Joint Managing Director of Maharashtra State Road Development Corporation.

Bharat Bastewad, an IAS officer of the 2013 batch and CEO of Raigad Zilla Parishad, has been appointed Commissioner of the Mahatma Gandhi National Rural Employment Guarantee Scheme at Nagpur.

Indurani Jakhar, an IAS officer of the 2016 batch, who is the Municipal Commissioner of Kalyan-Dombivali Municipal Corporation, has been posted as Collector, Palghar district.

Vasumana Pant, an IAS officer of the 2017 batch, who is Director General, VANAMATI, Nagpur, has been posted as Additional Municipal Commissioner, Nagpur Municipal Corporation.

Vaishnavi B, an IAS officer of the 2019 batch, who is Chief Executive Officer, Akola Zilla Parishad, has been posted as Additional Municipal Commissioner, Nagpur Municipal Corporation.

Neha Bhosle, an IAS officer of the 2020 batch, has been posted as Chief Executive Officer, Raigad Zilla Parishad.

Earlier, on March 25, the state government transferred five IAS officers.

The state government posted B. H. Palawe, an IAS officer of the 2013 batch, who is Chief Executive Officer, Zilla Parishad, Palghar, as the Managing Director, Maharashtra State Financial Corporation, Mumbai.

Manoj Ranade, an IAS officer of the 2014 batch and the Director of Municipal Administration, Mumbai, was appointed Chief Executive Officer, Zilla Parishad, Palghar.

Shubham Gupta, an IAS officer of the 2019 batch and the Municipal Commissioner of Sangli-Miraj-Kupwad City Municipal Corporation, was posted as Member Secretary, Vidarbha Statutory Development Board, Nagpur.

Anjali Ramesh, an IAS officer of the 2020 batch, after transfer of cadre from Madhya Pradesh, was appointed Chief Executive Officer, Zilla Parishad, Hindoli.

Zenith Chandra Deonthula, an IAS officer of the 2022 batch, who is Assistant Collector, Varora Sub-Division, Chandrapur, was posted as Project Officer, ITDP, Kinwat, and Assistant Collector, Kinwat Sub-Division, Nanded.

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National

After LS nod, Amit Shah to move Immigration and Foreigners Bill in RS today

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New Delhi, April 2: The Rajya Sabha on Wednesday will discuss the Immigration and Foreigners Bill, 2025 which has already been passed by the Lok Sabha.

As per the business list of Upper House, Union Minister Amit Shah will move that the Bill “to confer upon the Central Government certain powers to provide for requirement of passports or other travel documents in respect of persons entering into and exiting from India and for regulating matters related to foreigners including requirement of visa and registration and for matters connected there with or incidental thereto, as passed by Lok Sabha, be taken into consideration.”

He will also seek the passing of the bill after a discussion is held by the members of the House.

A key aspect of the Bill is the implementation of enhanced surveillance and security protocols. The Union Home Minister while speaking about the importance of the bill in the Lok Sabha had said, “It will strengthen the country’s security and economy, pave the way to make our education system and universities global, lay a strong foundation for research and investigation in the country and make India number one in the world in every field by 2047.”

He said that immigration was not an isolated issue but many issues of the country were directly or indirectly linked with it. He said that it was very important for the security of the country to know who is entering our borders, when they are entering, for how long they will stay and the purpose for which they are here.

Also to be tabled in the Rajya Sabha is the Boilers Bill, 2024, returned by Lok Sabha with Amendments. Union Minister Piyush Goyal will move that the amendments made by Lok Sabha be taken into consideration.

Union Minister Manohar Lal Khattar will make a statement regarding the “Status of implementation of the recommendations contained in the Tenth Report (Seventeenth Lok Sabha) of the Department-related Parliamentary Standing Committee on Housing and Urban Affairs on ‘PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi)’ of the Ministry of Housing and Urban Affairs.”

Upper House members Sushmita Dev, Rekha Sharma and Bikash Ranjan Bhattacharya will present the “366th Report (in English and Hindi) of the Department-related Parliamentary Standing Committee on Education, Women, Children, Youth and Sports on ‘Demands for Grants (2025-26)’ pertaining to the Ministry of Youth Affairs and Sports.”

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Business

Sensex plunges nearly 2 pc amid US reciprocal tariff concerns

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Mumbai, April 1: Indian stock markets on Tuesday witnessed a sharp decline on the first trading day of the new financial year. The fall came as investors reacted to global market concerns, especially the upcoming US reciprocal tariffs on April 2.

The Sensex, which represents 30 major companies, dropped by 1,390.41 points or 1.80 per cent to close at 76,024.51. During the trading session, it fluctuated between an intra-day high of 77,487.05 and a low of 75,912.18.

The Nifty index also tumbled 353.65 points or 1.50 per cent, ending at 23,165.70. It touched a high of 23,565.15 and a low of 23,136.40 during the intra-day.

Almost all stocks in the Sensex index ended lower, except Zomato, IndusInd Bank, and State Bank of India (SBI).

The biggest losers included HCL Technologies, Bajaj Finserv, HDFC Bank, Bajaj Finance, and Infosys, which saw their share prices decline by up to 3.66 per cent.

Midcap and smallcap stocks also faced pressure. The Nifty Midcap100 index closed 0.86 per cent lower, while the Nifty Smallcap100 index slipped 0.70 per cent.

The BSE Midcap index was down 0.9 per cent, whereas the Smallcap index managed to rise slightly by 0.2 per cent.

Sector-wise, most indices ended in the red, with IT, real estate, and consumer durables stocks falling by around 2 per cent each. Only media, oil & gas, and telecom stocks managed to stay positive.

Market volatility also surged as the India VIX, commonly known as the fear index, jumped 8.37 per cent to 13.78 points. This suggests that investors are increasingly cautious about the market’s direction.

Analysts suggest that market fluctuations may continue until there is more clarity on global trade relations and economic policies as investors remain concern about Trump’s tariff policies and their impact on international trade.

“Amid heightened global volatility ahead of the anticipated US reciprocal tariff announcement tomorrow (US time), the domestic market witnessed a significant sell-off today. Investors are eagerly awaiting the specifics of these tariffs while also keeping a close eye on ongoing negotiations for a potential Indo-US trade agreement,” said Vinod Nair, Head of Research, Geojit Investments Limited.

The IT sector was among the hardest hit due to its substantial exposure to the US market, and real estate stocks fell following Maharashtra’s upward revision of ready reckoner rates, which affect property valuations.

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