Paytm Lost Rs 762.5 Crore in the Fourth Quarter

The parent company of Paytm, One97 Communications,  reported a loss of Rs 762.5 crore on May 20 in the March quarter of the 2021-22 fiscal year (fourth quarter of 2010). The company posted a loss of Rs 444.4 crore in the corresponding quarter of the previous fiscal year.

The company's operating profit was Rs 1,541, up 89% year-on-year. EBITDA losses prior to employee stock option costs were Rs 368 crore, a decrease of Rs. 52 crore from the third quarter of FY21.

For the overall financial year, the company reported a loss of Rs 2,396 crore against a loss of Rs 1,701 crore in the previous financial year. Total revenues reported from operations for FY22 stood at Rs 4,974 crore, up 77% from FY21. 

The company's EBITDA loss for the full FY22 before the ESOP cost was Rs 1,518 crore, down by 8% from Rs 1,655 crore in FY21.

The company reported 70.9 million Average Monthly Transacting Users on its platform for the quarter. The company spent 6.5 million loans in the quarter amounting to Rs 3,553 crore.