Paytm Q1 Results Highlights: Net loss widens to ₹839 crore, revenue down 36% YoY

Paytm's net loss in Q1FY25 widened to ₹839 crore, as against a loss of ₹357 crore in Q1FY24. The company's revenue from operations during the quarter under review dropped 36% year-on-year to ₹1,502 crore.

Paytm Q1 Results LIVE Updates at 11:50 am: Total direct expenses down 28% YoY, indirect expenses up 7% YoY

Paytm's total direct expenses during the quarter stood at ₹746 crore, which is 28% lower as compared to ₹1,037 crore in the year-ago period.

The indirect expenses, however, climbed by 7% YoY to ₹1,301 crore, as against ₹1,220 crore in the same quarter a year ago.

Paytm Q1 Results LIVE Updates at 11:45 am: Personal loans issued during the quarter amounted to ₹2,500 crore

"The value of personal loans distributed in Q1 FY 2025 was ₹2,500 crore. Our partners’ approach is consistent with industry-wide trends on tightening risk policies. Average ticket size has remained stable at ~₹135,000 from a year ago, with the average tenure of 16 months," Paytm said.

Paytm Q1 Results LIVE Updates at 11:39 am: Merchant loans issued during the quarter amounted to ₹2,508 crore

"The value of Merchant Loans distributed during the quarter was ₹2,508 crore. In April, we witnessed a surge in demand from previous months. We and our lending partners continue to be disciplined and focused on high-quality merchants," the company said.

Paytm Q1 Results LIVE Updates at 11:33 am: Shares climb 2% post results

Paytm's shares jumped to a high of ₹454.5 apiece on the NSE following the results, which was up 2% as against the last closing price. However, by 11:33 am, it pared most of the gains and was trading 0.55% higher at ₹447.75.

Paytm Q1 Results LIVE Updates at 11:30 am: Employee cost down 9% QoQ

Employee cost has come down by 9% QoQ, in line with "our stated guidance of annualised people cost savings of ₹400 crore to ₹500 crore", Paytm said. Given the focus on merchant acquisition, "we will continue to invest in the sales team while having a higher focus on productivity of sales employees," the company added.

Paytm Q1 Results LIVE Updates at 11:27 am: Contribution profit stood at ₹755 crore

"In this quarter, contribution profit was ₹755 crore (contribution margin of 50%). We expect contribution margins to remain in the 50-55% range (including UPI incentives) with some variations from quarter to quarter due to seasonality and UPI incentives timing," Paytm said in its earnings release.

Paytm Q1 Results LIVE Updates at 11:22 am: Revenue from payment services at ₹900 crore

• Revenue from payment services was ₹900 crore
• Net payment margin was ₹383 crore, GMV of ₹4.3 lakh crore
• Merchant subscriber base for devices has reached 1.09 crore as of June 2024.

Paytm Q1 Results LIVE Updates at 11:18 am: Here are key metrics

• Operating revenue of ₹1,502 crore
• Net loss of ₹839 crore
• Negative EBITDA of ₹792 crore
• Negative EBITDA before ESOP of ₹545 crore
• Balance sheet has ₹8,108 crore of cash on books

Paytm Q1 Results LIVE Update at 11:12 am: Company reports negative EBITDA before ESOP of ₹545 crore

Paytm has reported a negative earnings before interest, taxes, depreciation and amortisation (EBITDA) before ESOP cost of ₹545 crore. In the year-ago period, it stood at ₹84 crore. The EBIDTA margin stood at -36%, as against +4% in Q1 FY24.

Paytm Q1 Results LIVE Update at 11:07 am: Revenue falls 36% YoY to ₹1,502 crore

The company's consolidated revenue from operations during the June 2024 quarter came in at ₹1,502 crore, which is down 36% as compared to ₹2,342 crore clocked in Q1 FY24.

Paytm Q1 Results LIVE Update at 11:05 am: Net loss widens to ₹839 crore

Paytm's consolidated net loss during the quarter has widened to ₹839 crore, as compared to the net loss of ₹357 crore in the year-ago period.

Paytm Q1 Results LIVE Update at 9:54 am: How the company performed in Q4

• Paytm had reported a consolidated net loss of ₹550.5 crore in the March 2024 quarter.
• In the year-ago period, the net loss stood at ₹167.5 crore in the year-ago period.
• The company's revenue from operations had declined 2.9% to ₹2,267.1 crore in Q4FY24.
• In the same period a year ago, it stood at ₹2,334.5 crore.

Paytm Q1 Results LIVE Update at 9:24 am: Shares down 2%

Shares of Paytm are down over 2% ahead of the results. The scrip, shortly after the opening bell, was valued at ₹435.95 apiece on the NSE, down 2.1% as against the last closing price.

Paytm Q1 Results LIVE Update at 9:16 am: Shares open in the red

Paytm shares opened at ₹443 apiece on the NSE, down as compared to the last closing price of ₹445.3.

Ahead of the results, the company's shares have edged in the red over the past week. In the last five days, the stock has shed around 6%. However, over the past one month, the shares have risen by nearly 8%.

According to analysts and brokerages, Paytm is expected to report a net loss and dip in revenue in the first quarter. The net loss is likely to be in the range of Rs 840 crore to Rs 1,013 crore, Economic Times reported, citing the estimates. The revenue may decline by up to 36% year-on-year to Rs 1,532 crore, it added.

In the preceding March 2024 quarter, Paytm had reported a consolidated net loss of ₹550.5 crore, as compared to ₹167.5 crore in the year-ago period.

The revenue from operations had declined 2.9% to ₹2,267.1 crore in the quarter under review from ₹2,334.5 crore in the same period last year.