One 97 Communications, a parent of Paytm, reported a widening of its net loss to Rs 763 crore for the quarter ending March 31, 2022. The firm had posted a loss of Rs 778.5 crore in the December quarter and Rs 444 crore in the year-ago period.
The consolidated revenue from operations grew by 89 per cent year-on-year YoY to Rs 1,540. In the quarter under review, 9 crore were in the quarter as opposed to 815.3 crore in the same quarter last year. The company said in a regulatory filing that the main drivers of merchant payments were the increase in Paytm Wallet, Paytm bank account, cards, etc. and disbursements of loans through our partners on the Paytm platform.
The company saw its revenue increase by 77 per cent in FY 22 to Rs 4,974 crore from Rs 2,802 crore the previous year.
Paytm's contribution profit, defined as Revenue from operations less direct costs, increased to 35 per cent of revenue from 21.4 per cent in the quarter last fiscal quarter and 31.2 per cent in the previous quarter.
EBITDA before ESOP cost improvement of 12 per cent year-on-year in Q 4 FY 22. Margin was up to 24 per cent of revenues, from 51 per cent it added.
The company's EBITDA loss before ESOP for FY 22 saw an improvement of 8 per cent year-on-year to - 1,518 crore from Rs 1,655 crore the previous year. In addition to that, the company had Rs 809 crore of non-cash ESOP expenses.
Paytm's Average Monthly Transacting Users MTU grew 41 per cent Y-o Y to 70.9 million in the quarter under review.
The full year GMV stood at 8.5 lakh crore, more than double the amount of Rs 4.0 lakh crore in FY 21.
The company stated that all lending offerings have gone up significantly over the last year, seeing increased adoption by users. The number of loans at 6.5 million grew 374 per cent Y-o-Y. It added that the number of loans disbursed through the Paytm platform has increased by 478 percent year-on-year to 15.2 million in FY 2022 from 2.6 million in FY 2021 for the full year. The loan value has increased 443 per cent year-on-year from 1,404 crore in FY 2021 to 7,623 crore in FY 2022, according to the number of loans disbursed.
In Q4, the number of postpaid loans increased by 373 per cent year-on-year, while the value of postpaid loans grew 425 per cent year-on-year, highlighting increased usage by customers, it said.
Personal loans disbursed through partners on Paytm grew 947 per cent year-on-year, while the value of personal loans grew 1,082 per cent year-on-year. The number of merchant loans disbursed increased by 123 per cent year-on-year, while the value of merchant loans grew 178 per cent. The average loan value has risen from the previous year, with consumer loans at around Rs 86,000 and merchant loans at around Rs 136,000.
The share of Paytm was 3.30 per cent higher at Rs 572 apiece on Friday.