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.
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.