One 97 Communications Limited (Paytm) reported its financial results for the quarter and nine months ended December 31, 2024.
The company’s operating revenue for the quarter was ₹1,828 crore, reflecting a 10% quarter-on-quarter (QoQ) increase. Contribution profit for the quarter stood at ₹959 crore, up 7% QoQ, with a healthy contribution margin of 52%. However, the company reported a net loss of ₹208 crore, which showed a significant improvement of ₹208 crore compared to the previous quarter. Paytm’s cash balance increased by ₹2,851 crore QoQ to ₹12,850 crore, primarily driven by the sale of PayPay stake and improvements in working capital management.
On the business front, Paytm’s payment services revenue reached ₹1,059 crore, growing 8% QoQ, primarily due to the increase in Gross Merchandise Value (GMV) and merchant subscriptions. Financial services revenue saw a sharp rise of 34% QoQ, reaching ₹502 crore. Paytm’s GMV for the quarter was ₹5.0 lakh crore, up 13% QoQ, indicating continued growth in its payment ecosystem. The net payment margin also grew by 5% QoQ, amounting to ₹489 crore.
As of December 2024, Paytm’s merchant subscriber base for devices reached 1.17 crore, with an addition of 5 lakh merchants during the quarter. This growth in merchant subscriptions was driven by higher revenue per merchant.
On January 20, 2025, Paytm share price opened at ₹901.00, up from its previous close of ₹900.15. At 11:48 AM, the share price of Paytm was trading at ₹907.95, up by 0.87% on the NSE.
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Published on: Jan 20, 2025, 2:29 PM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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