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Paytm Q3 Results: Loss Narrows To Rs 392 Crore

CEO Vijay Shekhar Sharma said Paytm reported operational profitability before ESOPs ahead of its guidance.

Smriti Chaudhary

Vijay Shekhar Sharma. (Source: Vijay Sartape/BQ Prime)

Paytm's third quarter revenue rose and it reported operational profitability before cost for employee stock options ahead of its guidance.

Oustanding loans disbursed by Paytm grew to Rs 9,958 crore as on Dec. 31, up 36% quarter-on-quarter. More than half of the value of the total loans was through postpaid or buy-now-pay-later loans, which accounted for Rs 5,202 crore loans disbursed—up 28% sequentially.

Gross merchandise value rose to Rs 3.5 lakh crore, from Rs 3.2 lakh crore as of September. A year ago, the GMV stood at Rs 2.5 lakh crore.

Its monthly transactions rose to 8.5 crore from October to December, compared to 8 crore in the preceding quarter.

Shares of One97 Communications closed 3.79% lower before the results were announced, compared to a 1.38% rise in the Nifty 50 on Friday.

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WRITTEN BY
Smriti Chaudhary
Smriti Chaudhary is a Correspondent at NDTV Profit. She covers Telecom sect... more
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