Paytm reported the results of the third quarter FY2021 recently, night, where he saw his income grew by 89% to Rs 1,456 Crore.
The company’s income from payment services to traders jumped 117% to RS 585 Crore, was 40% of total revenue in the quarter ended December 2021 compared to the same quarter of the previous year.
EBITDA losses reduced to RS 393 Crore, excluding the cost of one-time iceop costs from RS 390 Crore recorded in Q3 FY 2022 from the Grant of 26.6 MN employees’ stock options (ESOPS).
Loans continue to be a large growth driver for companies with a total loan of 4.4 million in Q3 FY2021, collecting up to a total loan value of Rs 2,177 Crore.
In the category of merchant loans, the company reported the total value of loans distributed to RS 471 Crore, up 127%, with an average ticket size of Rs 120,000-Rs 140,000.
In the private loan category, the company recorded a growth of 1,923% to Crore RS 515, with an average ticket size of Rs 80,000-Rs 90,000.
In boom buy now, pay later, Paytm postpaid see the total loan value up 408% to Rs 1,190 Crore, with the presence of more than 3.5 million online and offline traders.
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Goldman Sachs, Morgan Stanley, Bofa Bullish on Paytm
