Paytm’s Net Loss Narrows 78% To INR 167.5 Cr In Q4, Revenue Up 51% YoY

Paytm’s Net Loss Narrows 78% To INR 167.5 Cr In Q4, Revenue Up 51% YoY

SUMMARY

The Vijay Shekhar Sharma-led startup’s operating revenue jumped 51% to INR 2,334.5 Cr in Q4 FY23 from INR 1,540.9 Cr in the March quarter of FY22

Paytm’s expenses also rose 10% to INR 2,630.5 Cr in Q4 FY23 from INR 2,372 Cr in the corresponding quarter of last year

EBITDA before ESOP costs stood at INR 101 Cr during the quarter under review, including UPI incentive received from the government

Fintech major Paytm’s net loss declined 78% year-on-year (YoY) to INR 167.5 Cr in the quarter ended March 2023 on the back of a strong growth across business verticals. Sequentially, net loss declined 57% from INR 392.1 Cr in the preceding December quarter.

The Vijay Shekhar Sharma-led startup’s operating revenue jumped 51% to INR 2,334.5 Cr in Q4 FY23 from INR 1,540.9 Cr in the March quarter of FY22. On a quarter-on-quarter (QoQ) basis, operating revenue grew 13% from INR 2,062 Cr. 

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