During the last two years of the pandemic, the technological space has been growing steadily. And despite the economic slowdown, current trends show a fairly sunny future for the tech space, something that can be seen in Paytm’s figures for the quarter ended March 2022. According to its parent company One97 Communications, the upstar in the field of finances ended the fiscal year with strong growth for all businesses and reduced EBITDA losses.

Speaking of numbers, we believe that Paytm completed the 4th quarter of 22 2022 f.g. with operating income of 1541 crore, up 89% from the same period last year, while its average monthly transaction users (MTUs) were up 41% from the same period last year. reach almost 71 million. For the year ending March 2022, it rose to 4974 crore and 60.8 million rupees respectively.

According to the company, the main factors in the growth of its revenue are the increase in trade payments processed using instruments with MDR (Paytm Wallet, Paytm bank account, cards, etc.), as well as the payment of loans through partners on the platform.

In addition, its trading base grew to 26.7 million merchants, and losses increased from Rs 441.8 in the same quarter last year to Rs 761.4 in the 4th quarter of 2022.

During this period, Paytm also repaid loans of Rs 3,553 through its platform, up 417% from the same period last year as all of its lending offers increased and increased by users. For the year ending March 2022, the tech giant has repaid loans worth 7,623 crore rupees when the number of loans increased to 15.2 million.

GMV (gross value of goods) Paytm grew by 104% and reached 2.6 lakh rupees for the quarter – its GMV from instruments with MDR recorded an increase of 52% over the same period last year for the quarter, while revenue from payment services for the quarter for the same period increased by 80% over the same period last year.

The company believes it is on track to achieve EBITDA margins to ESOP value by September 2023 due to steady revenue growth and moderate costs. The same in the 4th quarter of 2022 f.g. amounted to (368 rupees), and for 22 f.g. – (1518 rupees). “This will be due to the constant growth of revenues, as well as moderate retention of costs as the operating leverage increases,” – said in a statement.

However, its net losses also increased – they increased by 41% compared to the same period last year and reached 2396.4 rupees for 22 financial years. In addition, its total direct costs for the quarter increased by 56% to 1,001.7 crores.

Its payment services to consumers and merchants increased by 69% compared to the same period last year and by 90% compared to the same period last year and amounted to 469 crore and 572 crore rupees respectively.

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