Paytm Q1FY25 results, net losses stood at Rs 839 crore
One 97 Communications Ltd a fintech firm and Paytm's parent company, reported its Q1FY25 reporting consolidated net loss widening to Rs 839 crore from Rs 357 crore a year ago post Reserve Bank of India (RBI) curbs on the fintech firm's payments bank business.
The company's revenue from operations declined 36 percent to Rs 1,502 crore in Q1FY25 as against Rs 2,342 crore in the corresponding previous year.
The company said in a stock exchange filing, “Going forward, we expect revenue and profitability to improve, driven by growth in operating parameters such as GMV, an expanding merchant base, recovery in the loan distribution business, and continued focus on cost optimisation.”
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The company has reported operating revenue of Rs 1,502 Cr, with Earnings before Interest, Tax, Depreciation, and Amortisation (EBITDA) loss standing at Rs 792 core.
Revenue from financial services amounted to Rs 280 crore, while revenue from marketing services was Rs 321 crore. During the quarter, contribution profit was at Rs 755 crore, with a 50% margin.
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