Paytm reported a 76% year-on-year increase in revenues to Rs 1,914 crore in the quarter ended September 2022 . Earnings before interest, taxes, depreciation, and amortization (Ebitda) increased by 61% year-on-year by Rs 259 crore on a quarterly basis .
New Delhi (India), November 7: Paytm, India's leading digital payments and financial services firm, reported a 76% year-on-year increase in revenues to Rs 1,914 crore in the quarter ended September 2022, while earnings before interest, taxes, depreciation, and amortization (Ebitda) increased by 61% year-on-year by Rs 259 crore on a quarterly basis.The organization said that strong success across all of its industries contributed to a larger increase in sales, with an increase in Ebitda before Esop cost (up to Rs201 crore in the last two years).The company's contributions business income increased by 42% year on year and 16% QoQ to Rs 843 crore in Q2FY23, driven by continued platform expansion, increased user base, increased merchant base, and devices-led leadership in offline payments, according to the company.Payment services to consumers increased by 54%, while payment services to merchants increased by Rs 624 crore, up by 56% y-o-y.
The company reported that its net payment margin (calculated as payments income plus other operating income, except payment processing cost) was Rs 443 crore, up 428 percent year-over-year.Paytm's cash and cloud services earned a revenue of Rs377 crore, up 55% over the previous year.Paytms' rapid increase in loan distribution has become the main catalyst for its financial services revenue, which now accounts for 18% of the company's total income, compared to 8 percent in the September quarter.Total revenue from the financial services industry grew to Rs 349 crore, up 293 percent y-o-y and 29 percent on a quarterly basis, according to the company.In addition, the loan distribution market (Paytm Postpaid, Personal Loans, and Merchant loans) is projected to grow faster. Since experiencing strong growth across all of its key sectors and offerings, the company reiterated that it is on track to reach Ebitda before the end of September 2023.In contrast, merchant loan disbursements stood at Rs 1,208 crore (342 per cent y-o-y and 46 percent QoQ).