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Paytm Q3 results: Revenue up by 89% to Rs 1,456cr, losses reducing while financial services ramps up rapidly

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One97 Communications Limited, which Paytm, Indias leading digital payments and financial services company, has shared its Q3 FY2022 results.

During the October-December quarter, the company saw its revenues jump by 89 per cent y-o-y to Rs 1,456 crore, EBITDA losses (before ESOP expense) came down to Rs 393 crore from Rs 488 crore during the same quarter in the previous year. This revenue increase was led by high monetization and growth in merchant payments through MDR bearing instruments, new device subscriptions and loan disbursements.

The company also saw its average Monthly Transacting Users at 64.4 million, and a GMV of Rs 2.5 lakh crore.

A Paytm spokesperson said: “Our business is to offer payments for consumers and merchants, and cross-sell high-margin financial services and commerce to them. We acquire customers on our consumer app for bill payments, money transfer and offline merchant payments, and offer them Paytm Payment Instruments (Paytm Wallet, Paytm Payments Bank account, and Paytm Postpaid) and Paytm UPI. We acquire merchants for QR payments, EDC and Soundbox devices and Payment Gateway (for online merchants). We use insights from our platform to offer various financial products to our customers and merchants. We also provide high-margin Commerce and Cloud Services to our merchants to help them enable commerce using the Paytm App.”

The company’s revenue from payment services to consumers was up by 60 per cent at Rs 406 crore, while the revenue from payment services to merchants was up by 117 per cent to Rs 586 crore. The cloud and commerce services also saw its revenue jump by 64 per cent to Rs 339 crore.

Rapid Scale up of Financial Services Operating on Platform Leverage

A major part of the company’s Q3 results was seen in its financial services play ramping up. The company disbursed 4.4 million loans (401 per cent y-o-y growth) aggregating to a total value of Rs 2,181 crore (366 per cent y-o-y growth).

The company’s credit business spread across three main verticals — Paytm Postpaid (Buy Now, Pay Later), merchant loans and personal loans, saw rapid scale up. Number of Postpaid Loans disbursed grew 407 per cent Y-o-Y in Q3 FY 2022, while the value of Postpaid Loans grew 408 per cent Y-o-Y.

The number of Personal Loans disbursed grew 1,187 per cent Y-o-Y in Q3 FY 2022, while the value of Personal Loans grew 1,925 per cent Y-o-Y. We see a significant potential to cross-sell as over 50 per cent of personal loans were disbursed to our existing Paytm Postpaid users. Average ticket size ranged from ?80,000-90,000 with average tenure of 12-14 months.

Additionally, the number of Merchant Loans disbursed grew 38 per cent Y-o-Y in Q3 FY 2022, while the value of Merchant Loans grew 128 per cent Y-o-Y. More than 25 per cent of loans were disbursed to new to credit borrowers. Average ticket size continues to increase with scale, now at Rs 120,000-140,000 with average tenure of 12-14 months. Repeat loans have seen a healthy take up, with 25 per cent of merchants having taken a loan more than once.

Contribution Profit Jumps by 6X

The company has seen a step-change in its contribution profit between FY 2021 and FY 2022. The contribution profit for Q3 FY 2022 at Rs 454 crore represents a 560 per cent Y-o-Y growth. The company’s expenses as a percentage of revenues are also coming down sharply.

Business

Institutional investments in Indian real estate up 31 pc at $1.3 billion in Q1

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New Delhi, April 3: Institutional investments in India’s real estate sector saw a strong start to 2025, with total inflows reaching $1.3 billion in the first quarter, a new report said on Thursday.

This marks a 31 per cent increase compared to the same period last year, driven largely by domestic investors, according to the report by Colliers India.

Domestic investments played a significant role in this growth, contributing $0.8 billion, which is a 75 per cent rise on a year-on-year (YoY) basis.

These investments were mainly directed toward industrial, warehousing and office spaces. The office segment alone attracted $0.4 billion, making up one-third of the total investments.

Hyderabad emerged as a key market in this segment, drawing more than half of the office-related inflows. The residential sector also witnessed a remarkable rise, with investments almost tripling compared to the first quarter of 2024.

The segment attracted $0.3 billion, accounting for 23 per cent of total investments, a figure comparable to the industrial and warehousing sector.

Interestingly, foreign investors led the residential investment surge, contributing over half of the total inflows in this segment.

The industrial and warehousing sector continued its strong performance from 2024, recording over $0.3 billion in investments during the first quarter of 2025.

This represents a 73 per cent increase YoY, supported by rising investor confidence.

Positive macroeconomic indicators, such as India’s manufacturing purchasing manager’s index (PMI) reaching 58.1 in March 2025 — the highest level since mid-2024 — have reinforced optimism in this sector.

The robust demand, higher production, and improved business confidence have all contributed to this growth, the report said.

Mumbai emerged as the top investment destination, accounting for $0.3 billion, or 22 per cent of the total inflows in Q1 2025.

Bengaluru followed with a 20 per cent share, while Hyderabad secured 18 per cent of the investments, according to the report.

In Mumbai, mixed-use assets attracted over half of the total inflows, whereas Bengaluru saw a majority of investments in the residential sector.

City-wise data show a massive 841 per cent rise in investments in Mumbai, compared to Q1 2024, while Delhi-NCR also experienced significant growth with a 145 per cent increase.

The report also found that Bengaluru saw a steady 26 per cent rise in investments during the same period.

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National

Shiv Sena urges online ticketing platform not to provide service to Kunal Kamra

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Mumbai, April 3: Shiv Sena social media chief Rahool Kanal has urged Big Tree Entertainment Pvt Ltd (which owns the online ticketing portal BookMyShow) to refrain from providing a platform for stand-up comedian Kunal Kamra’s show.

In a letter dated April 2, Kunal said that continuing to facilitate ticket sales for his events could be perceived as an endorsement of his divisive rhetoric which may have serious repercussions for public sentiment and order in the city.

Kanal said that BookMyShow has previously facilitated ticket sales for shows featuring Kunal Kamra, an individual with a documented history of habitual criminal behaviour. “Kamra has been observed to engage in a sustained campaign of vilification and defamation, targeting the Prime Minister of India, Chief Ministers, Deputy Chief Ministers, and other public figures. These actions appear to be part of a broader criminal conspiracy, driven by ulterior motives that extend far beyond the realm of humour or satire,” he claimed.

He further stated, “Kamra’s premeditated, scripted, provocative, and malicious statements have consistently crossed ethical and legal boundaries. Such remarks not only hurt the sentiments of the public at large but also have the potential to incite public mischief and disrupt social harmony. By providing a platform for his performances, BookMyShow inadvertently lends credibility and reach to an individual whose actions threaten public order, particularly in a vibrant and diverse city like Mumbai, where your company is headquartered.”

Against this backdrop, Kanal has requested that Big Tree Entertainment and BookMyShow refrain from publishing or promoting Kunal Kamra’s shows on their platform moving forward. “I trust that, as a responsible organisation committed to the well-being of its audience and the community. BookMyShow will take this matter into serious consideration and act in the larger interest of maintaining peace and harmony,” he said.

Kanal’s letter comes amid raging controversy over Kamra referring to Deputy Chief Minister and Shiv Sena chief leader Eknath Shinde as a “traitor”.

The Mumbai Police have filed three cases against Kamra, though the Madras High Court has granted him temporary protection from arrest. Police are currently recording statements from the cameraperson and other staff present during the show’s filming. They have also assured Kamra’s safety when he appears for questioning. However, Kamra has yet to appear before the Mumbai Police to record his statement despite three summons served on him.

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National

Bengal school jobs case: SC upholds cancellation of over 25K appointments, modifies Calcutta HC directions

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New Delhi, April 3: The Supreme Court on Thursday upheld the Calcutta High Court’s order cancelling 25,753 appointments in teaching and non-teaching posts made by the West Bengal School Service Commission (WBSSC) in 2016.

Disposing a batch of petitions, including the West Bengal government’s appeal, a Bench of Chief Justice of India (CJI) Sanjiv Khanna and Justice Sanjay Kumar made certain modifications in the directions issued by the Calcutta High Court.

“The credibility and legitimacy of the selection procedure is denuded. Accordingly, we have proceeded to made some modifications in the directions issued by the Calcutta HC,” the apex court said.

It added that the challenge to the CBI probe into the creation of super-numeric posts by the West Bengal government will be listed for hearing on April 4.

On May 7, 2024, a Bench headed by then CJI D.Y. Chandrachud stayed the operation of the impugned order passed by the Calcutta High Court cancelling school jobs.

The then CJI Chandrachud-led Bench had allowed the Central Bureau of Investigation (CBI) to continue with its investigation into the alleged scam but restricted the agency from taking any coercive action against the candidates or officials.

In an order passed in the third week of April 2024, the Calcutta High Court nullified the appointment of the candidates selected from the expired panels and asked them to return the entire salary drawn during their tenures, along with an annualised interest of 12 per cent, within the next four weeks.

Besides directing the WBSSC to initiate the recruitment process afresh, a Division Bench of Justices Debangsu Basak and Shabbar Rashidi of the Calcutta HC also directed the probe agency to carry on with its investigation into the matter.

Taking cognisance of the state Cabinet’s decision for the creation of super-numeric posts, it had said that the CBI, if necessary, can question the masterminds behind the creation of the seats in excess of the vacant posts.

These super-numeric posts, which have remained under the cloud since the beginning, are perceived to provide room for ineligible candidates recruited illegally.

In July 2023, the apex court had set aside an interim direction passed by the Calcutta High Court terminating the service of 32,000 primary teachers and asking the West Bengal authorities to complete the recruitment process for the newly-created vacancies within three months.

Asking the Calcutta High Court to decide the appeal pertaining to the school-jobs-for-cash scam at the earliest, the Supreme Court had stressed that the opportunity for a hearing has to be given to all concerned.

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