Internet Software & Services company One97 Communications announced Q1FY25 results: Operating revenue of Rs 1,502 crore Contribution profit of Rs 755 crore (margin of 50%) EBITDA before ESOP of Rs (545) crore EBITDA of Rs (792) crore Continued focus on cost reduction, employee cost has declined by 9% QoQ Going forward, we expect revenue and profitability to improve, driven by growth in operating parameters such as GMV, an expanding merchant base, recovery in loan distribution business and continued focus on cost optimization Strong balance sheet with Rs 8,108 crore of cash on books; we also hold stock acquisition rights in PayPay Corporation (5.4% stake, once exercised) Payments Services: Revenue from Payment services was Rs 900 crore Net payment margin was Rs 383 crore, GMV of Rs 4.3 Lakh crore Merchant subscriber base for devices has reached 1.09 crore as of June 2024 Financial Services: Revenue from financial services was Rs 280 crore Marketing Services: Revenue from marketing services was Rs 321 crore Result PDF
Conference Call with One97 Communications Ltd. Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript. Management in attendance: Vijay Shekhar Sharma and senior team