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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

CM Fadnavis flags off Chhatrapati Shivaji Maharaj Circuit Bharat Gaurav train

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Mumbai, June 9: Chief Minister Devendra Fadnavis on Monday flagged off the Chhatrapati Shivaji Maharaj Circuit Railway service under the Gaurav Yatra of Indian Railways, saying that the journey will be an inspiring experience for all the passengers.

He further stated that the work of keeping alive the history of Chhatrapati Shivaji Maharaj and Independence will be done through this railway.

“Today, more than seven hundred passengers are travelling on this railway. 80 per cent of these passengers are below the age of forty, who are going today to see the history of Chhatrapati Shivaji Maharaj. Passengers coming from all parts of the state will get the opportunity to experience history through this circuit railway. It has been 351 years since the coronation of Chhatrapati Shivaji. I am happy that this railway is starting service on this day,” said the chief minister.

Stating that Chhatrapati Shivaji Maharaj created Swarajya by defeating the Mughals and foreign invaders, CM Fadnavis said that later this Swarajya expanded to include the Attari.

“Today’s stop of this Gaurav Yatra will be at Raigad. Also, during this Yatra, important places like Shivneri, Lal Mahal, and Shivsruthi of Pune will be visited. Also, Goddess Ambabai of Kolhapur will be visited. Along with Prime Minister Narendra Modi, Railway Minister Ashwini Vaishnav, I congratulate the state’s Cultural Affairs Minister Ashish Shelar and his department, the Tourism Department,” he said.

On this occasion, Chief Minister Fadnavis wished the passengers and congratulated them on travelling on this very first circuit yatra.

The 5-day special tour includes visits to important historical sites related to the life of Chhatrapati Shivaji Maharaj and history-based programmes. “The arrival of this glorious train at Chhatrapati Shivaji Maharaj Terminus, Mumbai, in coordination with the Government of Maharashtra, will be a grand spectacle of Maharashtra’s culture. Tourists will be provided with detailed information about the tourist places at the places where the Bharat Gaurav train reaches,” said the government release.

The tour includes a visit to the Raigad Fort — Chhatrapati Shivaji Maharaj was crowned here and was the capital; Lal Mahal, Pune — Chhatrapati Shivaji Maharaj spent his childhood here; Kasba Ganapati and Shiva Culture, Pune — A museum on the life of Pune’s village deity and Chhatrapati Shivaji Maharaj; Shivneri Fort — Birthplace of Chhatrapati Shivaji Maharaj; Bhimashankar Jyotirlinga — one of the major religious sites among the 12 Jyotirlingas; Pratapgad Fort — The site of the historic victory over Afzal Khan; Kolhapur — Mahalaxmi Temple; and Panhala Fort — a symbol of the bravery of Bajiprabhu Deshpande.

For making the experience of all the passengers pleasant and memorable, the Maharashtra Tourism Development Corporation officials, in coordination with AirCTC, will guide them at every stage. In this 5-day journey, from railway stations to the forts of the Maharajas, tourists will be able to enjoy while observing the footprints of history at every place.

Tourists travelling by train on Monday were welcomed at the railway station by the Maharashtra Tourism Development Corporation to the sound of traditional drums and cymbals, said the government release.

On this occasion, Assembly Speaker Rahul Narvekar, Cultural Affairs Minister Ashish Shelar, Cultural Department Secretary Vikas Kharge, Tourism Principal Secretary Atul Patne, Managing Director of Maharashtra Tourism Development Corporation Manoj Kumar Suryavanshi, General Manager of Indian Railways Dharamveer Meena, IRCTC’s Rahul Himalian, Maharashtra Tourism Development Corporation General Manager Chandrashekhar Jaiswal, Senior Manager Sanjay Dhekane, along with railway officials and passengers were present.

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National

Clear focus on good governance and transformation: PM Modi on 11 years of ‘seva’

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PM MODI

New Delhi, June 9: Prime Minister Narendra Modi has said that India has witnessed rapid transformations across diverse sectors in the last 11 years, and the NDA government, guided by the principle of ‘Sabka Saath, Sabka Vikas, Sabka Vishwas, Sabka Prayas’, has delivered pathbreaking changes with speed, scale and sensitivity.

Marking the 11 years of the NDA government at the Centre, PM Modi on Monday took to social media to highlight the efforts made across key sectors. India has undergone a decade of remarkable transformation, driven by the principles of Seva, Sushasan, and Garib Kalyan, he said.

PM Modi said there has been a clear focus on good governance and transformation.

“Powered by the blessings and collective participation of 140 crore Indians, India has witnessed rapid transformations across diverse sectors. Guided by the principle of ‘Sabka Saath, Sabka Vikas, Sabka Vishwas, Sabka Prayas’, the NDA Government has delivered pathbreaking changes with speed, scale and sensitivity,” PM Modi wrote on his X post.

He said that from economic growth to social upliftment, the government’s focus has been on people-centric, inclusive and all-around progress. India today is not just the fastest-growing major economy, but also a key global voice on pressing issues like climate action and digital innovation.

“We are proud of our collective success but at the same time, we look ahead with hope, confidence and a renewed resolve to build a Viksit Bharat!” said the Prime Minister.

PM Modi shared links about India’s Vikas Yatra, showcased through interesting videos, infographics, and articles on the NaMo App, and urged people to explore these.

He said the last 11 years have brought many positive changes and boosted ‘Ease of Living.’

“The NaMo App takes you through this transformative journey in an innovative manner, through interactive games, quizzes, surveys and other such formats that inform, engage and inspire. Do have a look…,” PM Modi shared and urged people to participate.

The Centre has released an e-book, “Viksit Bharat ka Amrit Kaal: Seva, Sushasan, Garib Kalyan ke 11 Saal”, on its achievements across all the sectors over the past 11 years under the leadership of PM Modi.

“The year 2025 marks 11 years of Prime Minister Narendra Modi’s government. These 11 years have been dedicated to bring about development which is inclusive, progressive, and sustainable. The government under Prime Minister Modi has been steadfast in its commitment of creating equity and opportunity for all citizens. PM Modi has brought the politics of development – Vikasvaad – into the mainstream, making it the focal point around which political discourse and policy action now revolves,” said its introduction

Divided into 14 chapters, the book covers issues ranging from schemes for the poor and marginalised, farmer welfare, economy, healthcare, women/youth empowerment, infrastructure development, tech revolution, ease-of-living for middle class, the progress made in northeast, national security and foreign policy, environment and sustainability initiatives, and preservation and propagation of the country’s rich culture and heritage

“Since assuming office in 2014, PM Modi has remained firm in his resolve of keeping ‘India First’ in every policy formulation and action. This resolve is evident in government’s handling of both external and internal security, economic management, empowerment schemes for marginalised groups, efforts at cultural conservation and so on,” it said.

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Business

India embraces cashless revolution in last 11 years: Nirmala Sitharaman

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Nirmala Sitharaman

New Delhi, June 9: Union Finance Minister Nirmala Sitharaman on Monday said that India is embracing a cashless revolution with world-class digital initiatives like unified payments interface (UPI).

In the last 11 years, India has seen a remarkable journey under the leadership of Prime Minister Narendra Modi, the finance minister said on a post on X.

“India is embracing a cashless revolution. With Rs 70,000 crore+ worth UPI transactions daily and 59.6 crore transactions in a single day, digital payments are now the norm,” the minister added.

From making life easier for the common citizen to boosting business confidence, it’s been a decade of real and visible change, she further stated.

India today is not just the fastest-growing major economy, but also a key global voice on pressing issues like climate action and digital innovation.

In the month of May, UPI posted a robust growth by processing 18.68 billion transactions, up from 17.89 billion in April. As per data by the National Payments Corporation of India (NPCI), the UPI transactions mark a 33 per cent year-on-year (YoY) surge compared to 14.03 billion transactions in the same month last year.

The UPI transactions rose to Rs 25.14 lakh crore (by value) last month, a 5 per cent increase from Rs 23.95 lakh crore in April. This reflects a 23 per cent rise from Rs 20.45 lakh crore in May last year. The average daily transaction volume stood at 602 million, while the average daily transaction value reached Rs 81,106 crore.

The UPI has strengthened its dominance in India’s digital payments system with its share in the total transaction volume rising to 83.7 per cent in 2024-25 from 79.7 per cent in the previous financial year.

The RBI’s annual report shows that UPI facilitated 185.8 billion transactions during 2024-25, which represents a 41 per cent year-on-year increase. In value terms, UPI transactions rose to Rs 261 lakh crore from Rs 200 lakh crore in FY24.

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