Kiara Advani
Paytm records revenue growth of 76% to Rs 1,914 crore
Paytm has reported robust traction across all its businesses, which has helped it achieve stronger revenue growth, with improvement in EBITDA before ESOP cost (improvement of Rs 200 crore in the last two quarters). It also witnessed a sustained increase in contribution profit of 224 per cent YoY and 16 per cent QoQ to Rs 843 crore.
With 5 bn Soundbox transactions processed in FY22, Paytm strengthens offline payment's pioneership
While the digital payments revolution started off with focus on consumer-oriented innovations, leading fintech companies are now creating solutions for merchants to further strengthen the digital payments ecosystem. Being the leading digital payments and financial services company in the country.
Paytm tokenizes over 52 mn cards across VISA, Mastercard & RuPay
The company has tokenized 52.3 million cards across VISA, Mastercard and RuPay in its effort to make card transactions safer and drive convenience for consumers.
Paytm on my watchlist, next multibagger to come from digital businesses: Elixir Equities' Dipan Mehta
Elaborating on the subject, Dipan Mehta said the next set of multibaggers will come from concept stocks rather than mature businesses. He defined concept stocks as the ones where companies are doing something differently with a huge market and can be scaled up at a very low cost.
ED raids PayTM, Razorpay and Cashfree in Chinese loan apps case
"During the search operation, it was noticed that the said entities were generating proceeds of crime through various merchant IDs/accounts held with payment gateways/banks. They were also not operating from the addresses given on the MCA website/registered address. An amount of Rs 17 crore has been seized in merchant IDs and bank accounts of these Chinese-owned entities," said an ED official.
Paytm shares jump after Vijay Shekhar Sharma reappointed as MD, CEO
At 11.00 a.m., shares of One97 Communications were trading at Rs 785.55 a share, up 1.74 per cent.
In a shareholders meeting on August 21, Vijay Shekhar Sharma was reappointed as MD & CEO of Paytm. A total of 99.67 per cent majority votes were recorded in favour of the resolution, Paytm said in a statement.
Top brokerages welcome Paytm's strong Q1 results, reiterate 'buy' rating for stock
In their brokerage notes, they highlighted Paytm's strong growth in revenue and contribution margins during the quarter in addition to sharp improvement in net payment margins. In its note, Goldman Sachs said that the company "remains firmly on the path to profitability" following its Q1FY23 results. The brokerage also raised its EBITDA estimates for Paytm and believes that Patytm's Q1FY23 results should "help provide more visibility to investors" on the company's profitability target.
Paytm's revenue jumps 89% to Rs 1,680 crore in Q1 FY23
In addition to 89 per cent Y-o-Y revenue growth to Rs 1,680 crore, the company also saw EBITDA (before ESOP) reduce to Rs 275 crore, an improvement of Rs 93 crore Q-o-Q. As a result, the company's contribution profit grew 197 per cent Y-o-Y to Rs 726 crore, leading to an increase in contribution margin to 43 per cent of revenues in comparison to 35 per cent in Q4FY22. Paytm's payments services revenue grew by 69 per cent Y-o-Y (3 per cent Q-o-Q), supported by rapid growth in user engagement, merchant base, use cases on the Paytm super app and subscription revenue from payment devices.
RBI vision for PPI growth by 150% will be big for Paytm
The RBI expects more than 3x increase in digital payment transactions, increase in PPI (prepaid payment instruments) transactions by 150 per cent, increase of payment transaction turnover vis-a-vis GDP to 8, increase in debit card transactions at PoS by 20 per cent, card acceptance infrastructure to increase to 250 lakh, increase of registered customer base for mobile based transactions by 50 per cent CAGR and more.
Paytm FY22 results: Revenue jumps 77% to Rs 4,974 cr, losses reduce 8% to Rs 1,518 cr
In Q4 alone, the company's revenue grew 89% on a year-on-year basis to Rs 1,541 crore, while EBITDA (before ESOPs) for the quarter improved 12 per cent year-on-year. The growth in revenue was led by the increase in consumer and merchant payments and disbursements of loans through its partners on Paytm.
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