Paytm Q3 Results: Net Loss Narrows to ₹209 crore YoY

Paytm posted a consolidated net profit of ₹209 crore for the December quarter, compared to a loss of ₹222 crore in the corresponding quarter in the previous year. During the September quarter, Paytm reported a net profit of ₹930 crore.

While losses for the nine months ended December 31,2024 fell to ₹119 crore as compared to net loss of 872 crore in the corresponding quarter in the previous year, revenue from operations grew sequentially to ₹1,823 crore, compared to ₹1,660 crore in September 2024 quarter.

Buoyed by the increase in Gross Merchandise Value (GMV), revenue from payment services grew by 8% QoQ to ₹1,059 crore. Merchant subscriber base clocked 1.17 crore by adding 5 lakh new subscribers during the quarter.

The payments giant also received a go-ahead from NPCI to onboard new UPI users, increasing Monthly Transacting Users (MTUs) to 7.2 crore by December 2024 as compared to 6.8 crore in September 2024.

Following the conclusion of the stake sale in PayPay and improvement in working capital, Paytm’s cash balance reached ₹12,850 crore for the December quarter, up ₹2,851 crore q-o-q.

As of 1:00 pm, shares of One 97 Communications Ltd are trading at ₹905, up 4.85%.