Total consolidated revenue for One97 Communications grew by 65% in FY22 to Rs 5,264.3 crore as compared to Rs 3,186.8 crore in FY21.
According to filings with Indian exchanges, the total expenses for FY22 for the financial services provider stood at Rs 7,601.1 crore, with payment processing fees and employee benefit expenses contributing to a lion’s share of the company’s total burn.
Total spend for One97 Communications grew 59% in FY20 from Rs 4,783 crore in FY15.
One97 Communications’ revenue fell nearly 11% in fiscal 2011 due to the pandemic, as it took a 42% cut just before its initial public offering.
In a recent note to shareholders, last month, Paytm founder Vijay Shekhar Sharma said he expects the company to break down on an operating basis over the next six quarters — or before interest, taxes, depreciation and amortization. This would be excluding the cost on the Employee Stock Ownership Plan (ESOP).
Find stories that interest you
Paytm’s results come at a time when One97 Communications share price is down 73 per cent from its IPO price of Rs 2,150 per share.
At the end of the day’s trading on Friday, Paytm shares closed at Rs 575.35.
Earlier in January, this year, Macquarie slashed Paytm’s revenue growth projections for FY26 from 26% on a compound annualized growth rate to 23% from FY11 to FY26. The brokerage had said that it was cutting Paytm’s revenue estimates by an average of 10% every year for FY2011-FY26, due to lower distribution and commerce and cloud revenues partially offset by higher payments revenue.
Just last week, Paytm informed exchanges about its operational performance and said that it disbursed 15.2 million loans in FY22. According to data released by its parent unit One97 Communications on Sunday, this was an increase of more than five times from FY2011, when the total number of loans disbursed on the platform stood at 2.6 million.
As per the data released by the company, the total value of the loans disbursed in FY22 stood at Rs 7,623 crore.
Paytm offers its Buy-Now-Pay-Later Offer (BNPL) for personal loans, merchant lending and postpaid, through partnerships with financial institutions.
Further, Paytm also said that the total Gross Merchandise Value (GMV) processed by the platform stood at Rs 8.52 trillion in FY22, up from Rs 4 trillion in FY15.
As of the end of the fourth quarter of FY12, Paytm claims to have 70.9 million monthly transaction users on its platform and has deployed another 900,000 point-of-sale terminals on the ground, it said recently.
No comments:
Post a Comment