October 22, 2024
New Delhi, India
Paytm Q2 Results
Paytm’s parent company, One 97 Communications, reported a profit after tax (PAT) of ₹930 crore in Q2FY25, driven by a one-time exceptional gain of ₹1,345 crore from the sale of its entertainment ticketing business to Zomato. This marks a major financial turnaround from a ₹290 crore loss in the same quarter last year.
Key Highlights:
- Exceptional Gain: ₹1,345 crore from the sale of the ticketing business.
- Revenue: ₹1,659 crore, down 34% YoY, but up slightly from ₹1,501 crore in Q1.
- Net Payment Margin: Increased 21% QoQ to ₹465 crore, driven by improved payment processing and device realization.
- Financial Services Revenue: Rose 34% QoQ to ₹376 crore, with better performance in merchant loans.
Loss Without Gains:
Excluding the one-time gain, Paytm remains in the red with a ₹495 crore loss in Q2, a 70% YoY increase. However, the loss has reduced sequentially from ₹840 crore in Q1FY25.
The company’s merchant loan distribution business continues to show promise, with Paytm working with select lenders to provide Default Loss Guarantee (DLG) for certain portfolios, positioning itself for long-term growth.
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