Paytm | q3fy22
Mumbai/IBNS: Fintech company Paytm on Saturday said it has recorded a net loss of Rs 778 crore for the quarter ended December 31, 2021.
In the September quarter, the company posted a loss of Rs 482 crore while the company had reported a loss of Rs 535.5 crore in the third quarter last year.
The company recorded a revenue increase of 89 percent y-o-y to Rs 1,456 crore, compared to rom Rs 772 crore in the same quarter last year, driven by high monetization from Non-UPI GMV, Paytm Payment Instruments, lending and devices deployed.
Contribution profit (defined as Revenue from operations less payment processing charges, promotional cashback and incentives, and other direct costs) improved to 31.2 percent of revenue in Q3 FY2022 from 8.9 percent in Q3 FY 2021.
EBITDA margin improved to (27 percent) of revenues in Q3 FY 2022 from (63 percent) of revenues in Q3 FY 2021, and (39 percent) of revenues in Q2 FY 2022.
Average Monthly Transacting Users (MTU), the number of unique users with at least one successful payments transaction in a month, has grown by 37 percent YoY to 64.4 million in Q3 FY22.
Average monthly transacting users (MTU) on our platform in Q3 FY 2022 was 64.4 mn, growth of 37 percent Y-o-Y and 12 percent Q-o-Q. Our customers are showing greater retention and higher engagement (measured by average GMV and transaction per customer).
The company said, "Number of consumers on our platform is now over 350 million and our merchant base has expanded to 24.9 million (from 20.0 million a year ago). Our monthly transacting users (MTU) grew consistently over this fiscal year. The average monthly transacting users (MTU) on our platform in Q3 FY22 was 64.4 million, a growth of 37 million YoY and 12 million QoQ."
Paytm's monthly transacting users (MTU) grew consistently over this fiscal year. Average monthly transacting users (MTU) on our platform in Q3 FY 2022 was 64.4 mn, growth of 37 percent Y-o-Y and 12 percent Q-o-Q. Our customers are showing greater retention and higher engagement (measured by average GMV and transaction per customer).
Our Gross Merchandise Value (GMV) for Q3 FY 2022 was 2.5 Lakh Cr. "We process payments from all instruments (which include Paytm Payment Instruments, netbanking, credit and debit cards, UPI) and we earn MDR on the transactions where payment is made through MDR bearing instruments. Our GMV from processing payments through MDR bearing instruments grew 77 percent Y-o-Y," Paytm said.
"Payment Services to Consumers encompasses payments done by consumers on the Paytm app, where we earn MDR and certain fees. Revenue from Payment Services to Consumers was up 60 percent YoY and 15 percent QoQ to Rs 406 crore, driven by growth in transaction volumes of our Paytm Payment Instruments and expansion of use-cases on the Paytm app," Paytm said.
In the UPI ecosystem, Paytm Payments Bank Ltd (PPBL) is the biggest beneficiary bank for UPI transactions, with a record 926 million transactions in December 2021, as per NPCI data, and is also one of the leading remitter banks for UPI transactions.
PPBL also holds the majority market share in UPI Autopay mandate registration for recurring bill payments.
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