Paytm Financial Results Q1 stands worse: reports net loss of Rs 644 cr

The growth in revenue was primarily driven by 779% YoY growth in the value of loans disbursed.

Paytm Financial Results Q1 stands worse: reports net loss of Rs 644 cr
Paytm Financial Results Q1 stands worse: reports net loss of Rs 644 cr

New Delhi: Paytm Board of Directors at their meeting held on August 5, 2022 approved the unaudited standalone & consolidated financial results of the Company for the quarter ended June 30, 2022. The company recorded a net loss to Rs 644.4 crore in the June quarter of the current fiscal against a loss of Rs 380.2 crore in the corresponding quarter of the last fiscal year.

Q1 FY 2023 revenue growth continued the momentum as past few quarters, increasing 89% to Rs 1,680 Cr YoY and 9% QoQ. In Q1 FY 2023, revenue from Financial Services and Others grew 393% YoY to Rs 271 Cr and accounts for 16% of total revenues, up from 6% in Q1 FY 2022. The growth in revenue was primarily driven by 779% YoY growth in the value of loans disbursed. The QoQ growth in revenue was 61%, driven by an increase in Postpaid and Personal Loans disbursements. 

The company's EBITDA (before ESOP cost) In Q1 FY 2023, was (Rs. 275 Cr) as compared to (Rs 368 Cr) in Q4 FY 2022 (25% QoQ improvement).