One97 Communications Limited (Paytm) has announced its consolidated financial results for the quarter ended December 31, 2024. The company posted an increase in operational income on a sequential basis but reported a loss due to higher expenses.
Key Financial Metrics (₹ in Crore):
Revenue from Operations:
- Q3 FY25: ₹1,827.8
- YoY Change: -35.8% (₹2,850.5 in Q3 FY24)
- QoQ Change: +10.2% (₹1,659.5 in Q2 FY25)
Net Loss:
- Q3 FY25: ₹(208.5)
- YoY Change: -5.9% (₹(221.7) in Q3 FY24)
- QoQ Change: N/A (against a profit of ₹930 in Q2 FY25)
Total Income:
- Q3 FY25: ₹2,016.5
- YoY Change: -32.7% (₹2,999.1 in Q3 FY24)
- QoQ Change: +9.9% (₹1,834 in Q2 FY25)
Expenses:
- Total Expenses: ₹2,219.8 (YoY decline from ₹3,216.3; QoQ decline from ₹2,244.8)
- Payment Processing Charges: ₹570.4 (QoQ increase from ₹516.8)
- Employee Benefits Expense: ₹736.3 (QoQ decline from ₹831)
- Depreciation and Amortization: ₹165.3 (QoQ decline from ₹178.6)
Profitability:
- Loss Before Tax (PBT): ₹(203.5) (compared to a profit of ₹1,345.4 in Q2 FY25 and a loss of ₹221 in Q3 FY24)
- Net Loss: ₹(208.5) (against a profit of ₹930 in Q2 FY25 and a loss of ₹221.7 in Q3 FY24)
Nine-Month Performance (April–December 2024):
- Revenue from Operations: ₹4,988.9 (down from ₹7,710.7 YoY)
- Net Loss: ₹(871.8) (YoY improvement from ₹(1,422.4))
Operational Insights:
- Sequential revenue growth reflects operational recovery despite a YoY decline in revenue due to changing business dynamics.
- Employee benefits costs, a significant expense, saw a QoQ decline, indicating improved cost optimization.
- Higher operational costs and exceptional items led to losses before and after tax for the quarter.
Profit/(Loss) for the Period (₹ in crore):
-
- For Q3 FY25, the consolidated loss is ₹208.3 crore.
- This is after accounting for total income, expenses, and any exceptional items.
- Attributable to Owners of the Parent:
- ₹208.3 crore loss is the portion attributable to the shareholders of the parent company, One97 Communications Limited (Paytm).
- This reflects the company’s overall net result post-expenses and taxes for its equity shareholders.
- Non-Controlling Interests:
- ₹0.2 crore loss is allocated to non-controlling interests.
- This represents the loss attributable to minority stakeholders (if any) who own shares in subsidiaries of Paytm.
- Total Profit/(Loss):
- The consolidated figure is ₹208.5 crore loss, combining the losses attributable to both owners of the parent and non-controlling interests.
TOPICS:
Paytm