Highlights: Revenue from Operations grew 64% YoY to Rs. 10.9 billion in Q2 FY22, driven by 52% growth in non-UPI GMV Contribution profit of Rs. 2.6 billion in Q2 FY22, up 592% YoY due to monetisation of our large distribution base through high margin offerings such as lending, advertisements and commerce offerings Indirect expenses (excluding ESOPs) as a percentage of revenue reduced from 70% of revenues in Q2 FY21 to 63% of revenues in Q2 FY22 Improved Adjusted EBITDA margin to (39%) of revenues in Q2 FY22 (Rs. 4,255 million), from (64%) of revenues Q2 FY21 (Rs. 4,267 million), along with increased investments in technology and merchant base expansion Gross payment volume to merchants on Paytm platform (GMV) grew 107% YoY to Rs. 1,956 billion in Q2 FY22 Result PDF