Conference Call with One97 Communications Ltd. Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript. Management in attendance: Vijay Sekhar Sharma and senior team
Internet Software & Services company One97 Communications announced Q3FY24 results: Key Financial Highlights: Paytm reported revenue of Rs 2,850 crore, 38% YoY growth Contribution profit up 45% YoY to Rs 1,520 crore (margin of 53%, up 2% YoY) EBITDA before ESOP up Rs 188 crore YoY to Rs 219 crore (margin of 8%, up 6% YoY) Profit after tax (PAT) improved by Rs 170 crore YoY to (Rs 222 crore) Payment Business: Revenue from Payment services up 45% YoY to Rs 1,730 crore, partly boosted by the timing of the festive season Net payment margin is up 63% YoY to Rs 748 crore; GMV is up 47% YoY to Rs 5.1 Lakh crore Payment processing margin (without UPI incentive in this quarter) is in the 7-9bps range Merchant paying subscription for devices has reached 1.06 crore as of December 2023, an increase of 49 Lakh YoY Financial Services Business: Revenue from financial services and others up 36% YoY to Rs 607 crore; take rate has improved QoQ Loan distribution was up 56% YoY to Rs 15,535 crore Expanding financial services through high-ticket loans, insurance distribution, and equity broking Result PDF