Paytm, a leading payments and financial services company, reported revenue of Rs 2,334 crore (+51 percent) for Q4 fiscal 2022-23, and Rs 7,990 crore (+61 percent) for full fiscal.
In Q4, Paytm grew its operating profit by Rs 234 crore. In Q4, Paytm’s EBITDA before ESOP costs, excluding UPI incentives, rose to Rs 101 crore, a significant improvement from the previous fiscal’s Q4 figure of (Rs 368 crore).
In the fourth quarter, Paytm’s payments revenue grew by 41 percent to Rs 1,467 crore.
Paytm significantly increased its loan distribution business with revenue from financial services and others growing 183 percent YoY to Rs 475 crore in Q4 FY 2023 and by 253 percent in FY 2023 to Rs 1,540 crore.
The company continues to monetise Paytm app traffic in its commerce and cloud segment by providing marketing services to its merchants. In Q4 FY 2023, Paytm’s commerce and cloud revenue grew by 23 percent to Rs 392 crore.
In FY 2023, commerce and cloud revenue grew by 38 percent to Rs 1,520 crore.
The company’s user engagement on the platform continues to grow, with average Monthly Transacting Users (MTU) for Q4FY23 increasing by 27 percent to 90 million, indicating a growing adoption of digital payments by consumers and merchants in India.
The company’s Gross Merchandise Value (GMV), which stood at Rs 3.62 lakh crore for Q4 FY 2023, saw an increase of 40 percent.
The company’s loan distribution business, in partnership with lenders, reached 1.2 crore in Q4FY23, up 82 percent, and the total value of loans amounting to Rs 12,554 crore, registering a growth of 253 percent.
Paytm claims its vision is to onboard 10 crore merchants with over 50 crore payment users in the near future.