NEW DELHI — Paytm's parent company One97 Communications Limited has clocked a
loss of Rs 208 crore in the third quarter of FY25, from Rs 222 crore in the
same quarter last year.
In Q3 FY25, the company's revenue declined by 36 per cent
year-on-year (YoY) to INR 1,828 crore, from INR 2,851 crore in the same period
last year.
On a quarter-on-quarter basis, Paytm's revenue surged by
10 per cent, supported by a rise in gross merchandise value (GMV), good growth
in subscription revenues and higher revenue from distribution of financial
services.
Paytm said that "we have been able to reduce our
indirect cost by 7 per cent QoQ and 23 per cent YoY to INR 1,000 crore. Going
forward, we expect calibrated growth in marketing costs and sales employee
expenses as we invest in customer and merchant acquisition."
"Employee expenses for the first nine months of
FY2025 dropped by INR 451 crore YoY, surpassing the company’s annual
cost-saving target of INR 400-500 crore," the company said.
The company’s payment services revenue rose to INR 1,059
crore, while its financial services revenue saw an impressive 34 per cent QoQ
increase, reaching INR 502 crore.
Gross Merchandise Value (GMV) processed through the
platform rose 13 per cent QoQ to INR 5 lakh crore.
Paytm’s merchant subscriber base for payment devices rose
to 1.17 crore, with 5 lakh new additions during the quarter. The net payment
margin reached Rs 489 crore, aided by higher subscription revenue and a stable
payment processing margin.
Paytm also distributed loans worth INR 3,831 crore during
the December quarter, versus INR 3,303 crore in Q2 FY2025. Notably, over 50 per
cent of these loans were provided to repeat borrowers, reflecting a consistent demand
and strong customer retention.
