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Uploaded on May 24, 2024
Category
News & Politics
One97 Communication Limited, parent company of Paytm, saw a 25% revenue growth in FY24, reaching Rs 9,978 crore. Income from payment services and financial services rose 25% and 30%, respectively. Total income hit Rs 10,525 crore. Despite a 15% rise in total expenditure, Paytm reduced net losses by 20% to Rs 1,422 crore, maintaining EBITDA profitability before ESOP.
Category
News & Politics
Paytm revenue grows 25% and nears Rs 10,000 Cr in FY24
Paytm revenue grows 25% and
nears Rs 10,000 Cr in FY24
Paytm Financial Performance
• One97 Communication Limited, parent company of Paytm, scaled 25% year-on-year in fiscal year ending
March 2024.
• Maintained EBITDA profitability before ESOP throughout FY24.
Paytm Revenue
• Revenue from operations grew 25% to Rs 9,978 crore in FY24.
• Payment services contributed 62.48% to total operating revenue, reaching Rs 6,235 crore.
• Financial services income grew by 30% to Rs 2,004 crore.
Paytm Expenditure
• Employee benefits accounted for 39.4% of overall expenditure.
• Rose 21.5% to Rs 4,589 crore in FY24, including Rs 1,466 crore as ESOPs cost.
• Payment processing charges grew 10.9% to Rs 3,280 crore.
• Total expenditure increased by 15% to Rs 11,645 crore in FY24.
Paytm Profit and Loss
• Net losses reduced by 20% to Rs 1,422 crore in FY24.
• Maintained EBITDA profitability before ESOP at Rs 559 crore in FY24.
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