Paytm Reports 10% QoQ Revenue Growth for Q3 FY25

One 97 Communications Limited (Paytm) reported its financial results for the quarter and nine months ended December 31, 2024.

Financial Highlights

The company’s operating revenue for the quarter was ₹1,828 crore, reflecting a 10% quarter-on-quarter (QoQ) increase. Contribution profit for the quarter stood at ₹959 crore, up 7% QoQ, with a healthy contribution margin of 52%. However, the company reported a net loss of ₹208 crore, which showed a significant improvement of ₹208 crore compared to the previous quarter. Paytm’s cash balance increased by ₹2,851 crore QoQ to ₹12,850 crore, primarily driven by the sale of PayPay stake and improvements in working capital management.

Business Updates

On the business front, Paytm’s payment services revenue reached ₹1,059 crore, growing 8% QoQ, primarily due to the increase in Gross Merchandise Value (GMV) and merchant subscriptions. Financial services revenue saw a sharp rise of 34% QoQ, reaching ₹502 crore. Paytm’s GMV for the quarter was ₹5.0 lakh crore, up 13% QoQ, indicating continued growth in its payment ecosystem. The net payment margin also grew by 5% QoQ, amounting to ₹489 crore.

As of December 2024, Paytm’s merchant subscriber base for devices reached 1.17 crore, with an addition of 5 lakh merchants during the quarter. This growth in merchant subscriptions was driven by higher revenue per merchant.

On January 20, 2025, Paytm share price opened at ₹901.00, up from its previous close of ₹900.15. At 11:48 AM, the share price of Paytm was trading at ₹907.95, up by 0.87% on the NSE.

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