Paytm reported Q3 Results on February 03, 2023. The company reported a net loss reduce to Rs 392 crores from a loss of 779 crores in the corresponding quarter last year.

Paytm turns profitable at the EBITDA level. The company reported EBITDA before ESOP expenses to 31 crores from a loss of 393 crores. Reported EBITDA improved by ₹452 Cr YoY.

One97 Communications reported consolidated revenue from operations increased 42% YoY to 2,062 crores from 1,456 crores.

The company reported an EBITDA margin of 1.5% improved by 2,851 bps from -27% Year on Year.

Paytm reported a net loss reduced by 50% to Rs 392 crore for the quarter that ended in December, there was a loss of 779 crores in the corresponding quarter last year.

With a focus on creating additional payment monetization, we remain focused on subscription revenues. The number of merchants paying subscriptions increased by 1 mn QoQ and 3.8 mn YoY to 5.8 mn.

The number of loans at 10.5 mn, up 137% YoY. As of December 2022, 8.1 mn borrowers have taken a loan on our platform, adding 1.4 mn new borrowers this quarter.

Average Monthly Transacting Users (MTU) continued to grow and were 85 mn for the quarter, increasing 32% YoY. 

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