Paytm Results: The loss of Paytm’s parent company One97 Communications increased by 45 percent in the December quarter. Digital payments and financial services firm One 97 Communications posted a consolidated loss of Rs 778.5 crore in October-December 2021 as against a loss of Rs 535.5 crore in the year-ago period. although […]
Paytm Results: The loss of Paytm’s parent company One97 Communications increased by 45 percent in the December quarter. Digital payments and financial services firm One 97 Communications posted a consolidated loss of Rs 778.5 crore in October-December 2021 as against a loss of Rs 535.5 crore in the year-ago period. However, the company’s revenue jumped 88 per cent year-on-year to Rs 1,456 crore in the December quarter. The company’s loss has also increased on a quarterly basis. The company had a loss of Rs 474 crore in the July-September quarter. The performance of its shares is also not special and its prices are at a discount of about 56 percent against the issue price.
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Paytm: December 2021 Quarterly Result
- One97 Communications reported a loss of Rs 778.5 crore in the December quarter.
- The company’s consolidated revenue from the operation grew by 88 per cent year-on-year to Rs 1,456 crore. According to regulatory filings, the company’s revenue grew by 34 per cent in October-December 2021 on a quarterly basis due to increase in merchant payments and spurt in new device subscriptions and loan disbursements.
Paytm announced results for the first time, the company suffered a loss of Rs 4.37 billion in the September quarter
- Paytm’s payment services to consumers grew 60 per cent to Rs 406 crore and payment services to merchants grew by Rs 269 crore to Rs 586 crore year-on-year.
- Paytm’s loan book grew manifold in the December quarter. In October-December 2021, Paytm disbursed 44.1 lakh loans worth Rs 2181 crore, while in the December 2020 quarter, the company disbursed 8.8 lakh loans worth Rs 468 crore.
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Shares of Paytm are at 56% discount
- The shares of Paytm were listed on November 18 last year and on the day of listing it closed at a price of Rs 1,564.15 on the BSE against the issue price of Rs 2150, ie, at a discount of about 27 percent. Right now, one share of it is available at a price of Rs 953.25, that is, it is currently at a discount of about 56 percent compared to the issue price.
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Paytm Results: The loss of Paytm’s parent company One97 Communications increased by 45 percent in the December quarter.
Paytm prices are currently at a discount of about 56 percent against the issue price.
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