Paytm Q2 results: Revenue jumps 64%, net loss up by 8%

Bengaluru: Funds agency , in its first quarterly earnings as a public firm, reported a virtually 64% leap in its consolidated income from operations at Rs 1,086 crore for the September quarter of the present monetary yr 2022 in comparison with the identical interval a yr in the past. Its web loss elevated by over 8% to Rs 473 crore in the course of the interval below overview, as per inventory alternate filings made by the agency to BSE on Saturday morning.

Compared, Paytm had clocked operational income of Rs 890 crore within the June quarter of fiscal yr 2022 together with a web lack of near Rs 382 crore.

Paytm stated in a word on its earnings that its income from fee and monetary companies went up by 69% on a year-on-year foundation to Rs 842 crore pushed by a 52% progress in non-UPI (Unified Funds Interface) fee volumes (GMV) and progress from monetary companies and different income by greater than 3 times.

Paytm’s advertising and promotional bills for the quarter below overview elevated to Rs 185.7 crore in comparison with Rs 136.5 crore in the identical interval a yr in the past. It spent near Rs 138 crore for a similar within the June quarter of FY22.

Noida-based Paytm’s complete bills for the September quarter was at practically Rs 1,600 crore as towards Rs 1,166 crore a yr in the past in the identical quarter.

Paytm’s earnings come following its
disappointing debut on the stock exchanges final week the place its inventory misplaced practically 40% of the worth in comparison with the IPO concern value of Rs 2,150 within the first two days of buying and selling on BSE. The inventory recovered earlier this week and has settled at Rs 1,781.15 per share on BSE as of Friday.

Paytm will maintain a post-earnings name with analysts in a while Saturday night.

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