Paytm, a fintech company, on Monday declared its financial performance for the third quarter of the current fiscal year (Q3 FY25). The Noida-based company reported revenue of Rs 1,828 crore and a net loss of Rs 208 crore for the period.
Paytm reported that its operating revenue declined 35.9 percent from Rs 2,850 crore in Q3 FY24 to Rs 1,828 crore in Q3 FY25 according to the unaudited consolidated quarterly report filed with the National Stock Exchange.
Revenue, however, was up 10 percent quarter on quarter from the Q2 FY25 preceding quarter.
Income from payment service revenue accounted for 55 percent of the total operating revenue that stood at Rs 1,003 crore in Q3 FY25 while the revenue from financial and marketing services were recorded at Rs 502 crore and Rs 267 crore in the same period.
Other non-operating sources sum to Rs 189 crore adding to the entire income of the firm at Rs 2016.5 crore Q3 FY25.
Employee benefit expenses of the fintech firm came in as the highest cost center at 34 percent of the total cost that declined by 36 percent to Rs 756 crore during Q3 FY25. This includes Rs 182 crore as ESOP cost (non-cash).
Its payment processing charges, and marketing costs were reduced by 42 percent and 48.7 percent to Rs 570 crore and Rs 141 crore respectively in Q3 FY25 from Rs 982 crore and Rs 275 crore in Q3 FY24. Software, communication, legal, cashback, and other overheads took the total expenditure to Rs 2,220 crore in Q3 FY25 from Rs 3,216 crore in Q3 FY24.
Reduction across all overhead departments helped Paytm narrow its losses by 6.3 percent to Rs 208 crore in Q3 FY25 from Rs 222 crore in Q3 FY24. Paytm share price rose more than 1 percent to Rs 911.55 (as of 11.43 AM) with the total market capitalization standing at Rs 58,190 crore or USD6.84 billion.
.jpg "Paytm Reports Rs 1,828 Cr Revenue and Rs 208 Cr Loss in Q3 FY25")
