Paytm's 'good days', loss reduced drastically, income increased by 52 percent

The loss of digital payment company 'Paytm', which brought the biggest IPO till its time in the history of the country, has come down significantly in the January-March quarter. On the contrary, the company's income has increased by 52 percent during this period. Read this news...

In the era of demonetisation, One97 Communications, the parent company of the digital payment platform 'Paytm', which is making rapid inroads among the people, seems to be having good days. Paytm's losses have come down significantly in the January-March quarter. While the consolidated revenue of the company has increased by 52 percent. Now it remains to be seen whether the shareholders of the company also benefit from this or not?

Let us tell that Paytm had launched the biggest IPO in the country till its time. People participated enthusiastically in this IPO worth more than Rs 18,000 crore, but they suffered a loss of more than 25 percent on the day of listing itself. Since then the company's shares have remained down.

Although the company's stock closed at Rs 691.40, up 3 per cent on Friday, while its listing price was Rs 1955, and the IPO price was Rs 2150.

Still a loss of Rs 168 crore

Even though the loss of Paytm has come down in the January-March quarter, it does not mean that the company is not in loss. Even now this loss is more than Rs 150 crore. The company's consolidated loss in the January-March quarter stood at Rs 168 crore, compared to Rs 761 crore in the same quarter of the previous financial year 2021-22. At the same time, in the October-December quarter immediately before this, this loss was Rs 392 crore.

The consolidated revenue of the company has increased by 52 percent to Rs 2,335 crore. Paytm is constantly trying to increase its revenue so that it can come in profit. The company has started many value added services on its platform. Recently, talks have started between the two companies regarding the merger of Airtel Payments Bank with Paytm.

Company in profit at operating level

It has been told by Paytm that at the operation level, the company has registered a profit of Rs 101 crore, while it was Rs 368 crore in the same period of the previous financial year 2021-22. At the same time, the value of total goods sold on the Paytm platform (gross merchandise value) has increased by 40 percent on an annual basis to Rs 3.62 lakh crore. Monthly transacting users on the company's platform have also increased by 27 percent year-on-year to 90 million.