Paytm Q4FY23: Losses fall sharply, revenue rises by nearly 52% – Times of India

a 97 communicationwho owns fintech major Paytm, reported a 78% year-on-year decline in consolidated net loss to Rs 167.5 crore in the March quarter. Net loss stood at Rs 762.5 crore in the year-ago quarter. Revenue from operations during Q4FY23 grew to Rs 2,334.5 crore from Rs 1,540.9 crore posted in the year-ago period, registering a growth of nearly 52%.
for the whole year, paytm net loss declined to Rs 1,776.5 crore from Rs 2,396.4 crore reported in FY22.
Revenue from operations grew nearly 61% year-on-year to Rs 7,990.3 crore.
In a statement, Paytm said, “The company further improved its payments profitability with Q4 FY2023 net payment margin growing 158% year-on-year to Rs 687 crore, as against net payment margin of Rs 554 crore.” Which was up 107% YoY excluding the UPI stimulus of the previous quarters.
Paytm said user engagement on the platform has grown steadily by 27% to 90 million with average monthly transaction users (MTU) for Q4FY23. digital payment, Gross merchandise value (GMV) grew 40% year-on-year to Rs 3.62 lakh crore during the quarter.