New Delhi . The country's largest financial services company Paytm released the results for the third quarter of FY25 on Monday. The company's income from operations has increased by 10 percent on a quarterly basis to Rs 1,828 crore.
The company's strong performance was driven by growth in gross merchandise value (GMV), strong growth in subscription revenue and higher income from distribution of financial services.
The company's loss for the OctoberDecember period of FY25 has reduced from Rs 222 crore to Rs 208 crore on an annual basis. During this period, the cash reserve of the company has increased from Rs 2,851 crore to Rs 12,850 crore.
The company said that Ebitda has improved by Rs 181 crore and currently stands at Rs 223 crore. The company's contribution margin (UPI incentive) has been at 52 percent, due to which the contribution profit has increased to Rs 959 crore. There has been an increase of 7 percent on quarterly basis.
The company further said, “Employee expenses have reduced by Rs 451 crore in the first nine months of FY25. This has exceeded the company's target of savings of Rs 400 crore to Rs 500 crore.”
The company's income from payment services has increased to Rs 1,059 crore, while income from financial services has increased by 34 percent quarteronquarter to Rs 502 crore.
The company's GMV increased by 13 percent quarteronquarter to Rs 5 lakh crore.
Paytm's merchant subscriber base for payment devices grew to 1.17 crore with the addition of 5 lakh new customers during the quarter. Net payment margin reached Rs 489 crore helped by higher subscription revenue and stable payment processing margin.
—
– .
Image Credit: KhasKhabar.