One 97 Communications Ltd, the parent company of Paytm, on Tuesday reported its fiscal second quarter earnings with profit at Rs 928.30 crore, in comparison to a loss of Rs 290.50 crore during the corresponding quarter of previous financial year. “With a one-time exceptional gain of Rs 1,345 crore, on account of sale of entertainment ticketing business, we achieved PAT of Rs 930 crore in Q2 FY 2025,” the company said in a regulatory filing. It posted revenue from operations at Rs 1659.50 crore, down 34.1 per cent as against Rs 2518.60 crore during the same period of FY24.
The company EBITDA went down at Rs 404 crore, posting an improvement of Rs 388 crore QoQ, on account of growth in revenue, cost optimisation (direct as well as indirect cost) and reduction in ESOP costs on account of ESOP lapses at the time of employee separation during the quarter.
Also ReadNatural gas imports surge 18 per cent to $7.7 billion in H1
In Q2, Paytm said that it has achieved 11 per cent QoQ revenue growth, due to 5 per cent QoQ increase in GMV, better realization from devices and 34 per cent QoQ increase in revenues from financial services. “Our net payment margin increased 21 per cent QoQ to Rs 465 crore, largely on account of improvement in payment processing margin, better device realization and growth in GMV,” it said.
Also Read Wipro Q2 Results: Profit surges by 21% YoY to Rs 3226.60 crore, revenue dips marginally; bonus declared Infosys Q2 Results: Profit rises by 4.7% to Rs 6506 crore, misses estimates; FY25 revenue guidance revised L&T Tech posts Q2 profit at Rs 319.60 crore, revenue rises by 7.8% YoY; FY25 guidance maintained Isha Ambani’s Reliance Retail posts Q2 profit growth of 1.3% at Rs 2,836 crore, adds 464 new stores
Paytm’s performance across businesses
Payment Services
During the quarter in review, payments revenue stood at Rs 981 crore, up 9 per cent QoQ, led by increase in GMV, focus on monetisation and increase in merchant subscriptions. Net payment margin, it said, was higher by 21 per cent QoQ at Rs 465 crore. Net payment margin is comprised of:
Payment Processing Margin: In Q2FY25, GMV was Rs 4.5 lakh crore,
» Read More
