Paytm Q3 results: Net loss narrows to ₹208 crore vs ₹220 crore in Q3 FY24, revenue down 36%

Paytm share price: One 97 Communications, Paytm's operator, narrowed consolidated net losses to ₹208.3 crore in the December quarter of the current fiscal year, the compay said in a regulatory filing on Monday, January 20.

In the year-ago period, the net loss stood at ₹219.8 crore.

Revenue from operations declined 35.8% to ₹1,827.8 crore as compared to ₹2,850.5 crore in the corresponding period last fiscal.

Paytm share price

Shares of Paytm were trading at ₹899.05, down 0.12%, on the National Stock Exchange (NSE) at 12:35 pm.

In an exchange filing, the company said revenue from payment services stood at 1,059 crore, up 8% quarter on quarter (QoQ). Financial services revenue climbed 34% QoQ to ₹502 crore.

Paytm's merchant subscriber base for devices has grown to 1.17 crore as of December 2024, an addition of five lakh QoQ.

"We have been able to reduce our indirect cost by 7% QoQ and 23% YoY to ₹1,000 crore. Going forward, we expect calibrated growth in marketing costs and sales employee expenses as we invest in customer and merchant acquisition. Our employee costs (excluding ESOP) for 9M FY 2025 is lower by ₹451 crore YoY, and will comfortably surpass our targeted annualised people cost savings of ₹400-₹500 crore," the company said in its earnings release.

On international expansion plans, the company said that it believes that its technology led merchant payments and financial distribution business has the potential for expansion in similar international markets.

"We have developed a portfolio of innovative hardware, software and services stack in India, which can be deployed and monetised internationally. We are exploring various approaches, including organic expansion / local licenses, strategic investment an partnerships. We will share relevant updates as and when applicable," it added.