Infographic : One97 Communications Ltd. (NSE : PAYTM) | Q2 Results Released! | Revenue UP 77.48% YoY

Paytm is India’s payment Super App offering consumers and merchants most comprehensive payment services.
Pioneer of mobile QR payments revolution in India, Paytm’s mission is to bring half a billion Indians into the mainstream economy through technology-led financial Services. Paytm enables commerce for small merchants and distributes various financial services offerings to its consumers and merchants in partnership with financial institutions.

Revenue in Payment Services to Consumers business was ₹549 Cr, increasing 55% YoY, while that in Payment Services to Merchants was ₹624 Cr, increasing 56% YoY. There was no UPI incentive recorded in this quarter, similar to Q1 FY 2023.
Net payments margin stood at ₹443 Cr, increasing 15% QoQ and was up 428% YoY. This was driven by improved monetization and continued improvements in payment processing charges.

Revenue in the Financial Services and Others business was ₹349 Cr, up 293% YoY (increased 29% QoQ), and now accounts for 18% of total revenue (versus 8% in Q2 FY 2022), driven by sourcing and collection revenues in paytm loan distribution business.

Total loans disbursed, in partnership with our lending partners were 9.2 mn in the quarter (up 224% YoY and 8% QoQ), amounting to ₹7,313 Cr (up 482% YoY and 32% QoQ). Paytm exited Q2 with disbursements in our loan distribution business at an annualized run-rate of about ₹34,000 Cr.

Commerce & Cloud revenues grew 55% YoY. Commerce revenue grew 49% YoY due to higher ticketing sales. Cloud revenues were up 58% YoY as Advertising revenues started recovering while Credit card revenues continue to scale as well.