![]() ![]() Paytm beat the estimates of analysts such as Bank of America, Goldman Sachs, Morgan Stanley, Citi, and Macquarie that forecast Q4 revenues of Rs 2,231 crore, Rs 2,296 crore, Rs 2,189 crore, Rs 2,274 crore, and Rs 2,319 crore, respectively. In Q4, Paytm’s EBITDA before ESOP costs surged to Rs 234 crore, a significant jump from the previous fiscal’s Q4 figure of (Rs368 crore). The company already achieved its operating profitability milestone in Q3, ahead of its September 2024 guidance, due to the increased pace of monetization, better cost management, and higher operating leverage. In Q4FY23, the company’s revenue surged by 51 per cent YoY to reach Rs 2,334 crore, while the full-year revenue increased by 61 per cent YoY to Rs 7,990 crore. “With low penetration rates currently for each of our loan distribution products, we see a long runway for growth in this business,” the company said in a release.Noida (Uttar Pradesh), May 5 (ANI): India’s leading payments and financial services company Paytm has announced Q4 FY2023 results, where it has surpassed analysts’ estimates and reported robust growth in the Q4FY23 and FY23 results. The company reported that the average ticket size for personal loans is currently at approximately Rs 130,000 with an average tenure of 15 months. Its contribution margin was 52 per cent as compared to 35 per cent in Q4 FY 2022. As of March 2023, 95 lakh borrowers have taken a loan through the company’s platform, the company said in its regulatory filing. In Q4 FY23, across its three product offerings – Paytm Postpaid, Personal Loans, and Merchant Loans – loans amounting to Rs 12,554 crore were distributed through the Paytm platform. Paytm's loan distribution business has continued to grow. We are prepared to capitalise on these opportunities by bringing innovative products to our customers,” the company said in its regulatory filing. “The growth of UPI and other mobile payment methods presents a wealth of untapped opportunities. Payments profitability further improved with Q4 FY 2023 net payment margin expanding 158 per cent YoY to Rs 687 crore. Considering Q4’s UPI incentive only, payment revenue grew 28 per cent YoY. The company said that payments is their core business and its revenue from payment services was Rs 1,467 crore, which was up by 41 per cent in FY23. This was 29 lakh merchants in the same period last year. Paytm's subscription services for payment devices, such as Soundbox and POS machines, also saw strong adoption, with 68 lakh merchants paying Paytm subscriptions as of March 2023. In FY23, the company’s net payments margin grew 2.9X to Rs 1,970 crore, which was due to the profitability of the payment business despite a higher share of UPI. Its net payments margin was Rs 554 crore, up 107 per cent YoY after excluding previous quarters’ UPI incentive. The company reported that it has improved its payment profitability with Q4 FY23 net payment margin expanding 158 per cent to Rs 687 crore. The payments and financial services company’s contribution profit improves to 49 per cent to Rs 3,900 crore in FY23, and contribution margin stands at 55 per cent in Q4 FY 2023. Paytm achieved its operating profitability milestone in Q3FY23, much ahead of its September 2024 guidance. For FY23, EBITDA before ESOP cost stood at Rs 176 crore, which is much higher than Rs 1,342 cr a year ago. ![]()
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