Paytm Q2 Results Live Updates: Revenue rises 32% YoY on steady loan growth; losses narrow

Paytm Q2 Results Live Updates: Fintech major Paytm reported a 32% rise in its revenue in Q2FY24 driven by high loan disbursals.

Paytm Q2 Results Live Updates: One97 Communications, the parent company of fintech giant Paytm, will announce its Q2 results today.

Paytm Q2 Results Live Updates: One97 Communications, the parent company of fintech giant Paytm, reported a 32% YoY rise in its revenue to ₹2518.6 crore in the July-September quarter of fiscal 2023-24 (Q2FY24). The fintech major had reported revenue of ₹1914 crore in Q2 FY23. Its net loss (attributable to owners) narrowed down to ₹290.05 crore in the September quarter of current financial year. Stay tuned to our Paytm Q2 Results Live blog for the latest updates:

20 Oct 2023, 07:14:42 PM ISTPaytm Q2 LIVE Updates: Cash balance increased to ₹8,754 crore Paytm Q2 LIVE Updates: Cash balance of the fintech firm rose to ₹8,754 crore as of quarter ending September 2023, as compared to ₹8,367 Cr as of quarter ending June 2023. The company claims of adding cash balances for three consecutive quarters, adjusted for ₹1,056 Cr of funds used for buyback (including buyback tax and other transaction costs) in Q3 and Q4 of FY 2023.

20 Oct 2023, 07:01:54 PM ISTPaytm Q2 LIVE Updates: Merchant loans distribution rise 130% YoY Paytm Q2 LIVE: The number of Merchant Loans distributed grew 130% YoY in Q2 FY 2024, while the value of Merchant Loans grew 171% YoY to ₹3,275 Cr. Proportion of loans distributed to a subscription merchant remains greater than 85% this quarter. Average ticket size is ~ ₹180,000 with average tenure of ~13 months.

20 Oct 2023, 06:57:23 PM ISTPaytm Q2 LIVE Updates: Merchant subscriptions increased by 44 lakh to 92 lakh During the September quarter, merchant subscriptions of Paytm stood at 92 Lakh, by registering a growth of 44 Lakh YoY and 14 Lakh QoQ.

20 Oct 2023, 06:40:05 PM ISTPaytm Q2 LIVE Updates: Loan disbursement increased by 122% YOY Paytm Q2 LIVE Updates: The company witnessed a major rise in its loan disbursement in the quarter under review. Loans Distributed through Paytm increased by 122% YoY to ₹16,211 crore.

20 Oct 2023, 06:25:00 PM ISTPaytm Q2 Result LIVE Update: Contribution margin increased to 57% Paytm LIVE Updates: Contribution margin increased to 57%, expansion of 13 percent point YoY, due to increase in net payment margin and growth in loan distribution business.

20 Oct 2023, 06:18:03 PM ISTPaytm Q2 LIVE: Strong growth in loan business Paytm Q2 LIVE Updates: Revenue from financial services and others up 64% YoY to ₹571 crore. Unique users, who have taken loan through Paytm platform, reaches 1.18 Cr; Loan distribution. Company continues to scale with ₹16,211 Cr of loan disbursement (up 122% YoY).

20 Oct 2023, 06:08:34 PM ISTPaytm Q2 result Live: Payment business revenue up by 28% YoY Paytm LIVE Updates: Revenue from payments business up 28% YoY to ₹1,524 Cr. Net payment margin up 60% YoY to ₹707 Cr; GMV up 41% YoY to ₹4.5 Lakh Cr. Payment processing margin is at the higher end of 7-9bps range (without UPI incentive). Merchant paying subscription for devices has reached 92 Lakh as of September 2023, an increase of 44 Lakh YoY and 14 Lakh QoQ

20 Oct 2023, 05:59:38 PM ISTPaytm Q2 results: Net loss narrows down to ₹290 crore Paytm Q2 LIVE Updates: Net loss of the company narrows down to ₹290.05 crore in September quarter against ₹571.1 crore in the year ago period.

20 Oct 2023, 05:52:26 PM ISTPaytm Q2 Results: Fintech major reported a 32% rise in revenue Paytm Q2 Live Updates: Paytm reported a 32% rise in its revenue to ₹2518.5 crore in the September quarter against ₹1914 crore in the year ago period.

20 Oct 2023, 05:41:20 PM ISTPaytm Q2 Results LIVE: Fintech firm looking to add more lending partners in FY24 Paytm firm is looking to add more lending partners in FY24. The move will help the company in absorbing the flow that it is capable of originating via its platform, according to Motilal Oswal.

20 Oct 2023, 05:28:47 PM ISTPaytmQ2 Results Update: Revenue from operations likely above 35% , says Motilal Oswal According to brokerage firm Motilal Oswal, PayTM is expected to witness an approximate 35% rise in its revenue from operations in the September quarter. It is likely to come around ₹2,500 crore. "The profitability of Paytm’s core payment business is further enhanced by its financial services division, which benefits from inherently higher contribution margin,'' said the brokerage.

20 Oct 2023, 05:10:22 PM ISTPaytm Q2 Results Live: Corp update Paytm said it remains focused on the portfolio performance of its lending partners, and growth may be subdued until the industry outlook improves. However, it added that with its subscription-as-a-service model, the strong adoption of devices drives subscription revenues and higher payment volumes, while increasing the funnel for its merchant loan distribution.