Paytm Q2: Revenues up 64%; losses widen to ₹473.5 crore
ADVERTISEMENT
One97 Communications, the company that runs Paytm, has said its revenue from operations increased by 64% year-on-year on a consolidated basis to ₹1,086.4 crore in Q2FY22. The company has said that its revenues from payments and financial services grew by 69% y-o-y to ₹842.6 crore during the July-September quarter, while commerce and cloud services contributed a 47% y-o-y rise in revenues to ₹243.8 crore during the period.
The Noida-based fintech firm has attributed the surge in revenues from payments and financial services to a 52% growth in non-UPI payment volumes (GMV), and a 250% y-o-y growth in revenues recorded by the financial services and others segment during the July-September period. The share of financial services and others revenue increased from 3.8% of total revenue from operations in Q2FY21 to 8.2% in Q2FY22.
July 2025
In the world’s youngest nation—where over 65% of the population is under 35—India’s future is already being shaped by those bold enough to lead it. From boardrooms to breakout ideas, a new generation of business leaders is rewriting the rules. This year's Fortune India’s 40 Under 40 celebrates these changemakers—icons in the making like Akash Ambani, Kaviya Kalanithi Maran, Shashwat Goenka, Parth Jindal, Aman Mehta, and Devansh Jain—who are not just carrying forward legacies but boldly reimagining them for a new era. Alongside them are first-generation disruptors like Sagar Daryani, scaling Wow! Momo with a vision to take ₹100 momos to 5,000 cities, and Palak Shah, turning the Banarasi weave into a global fashion story with Ekaya Banaras. These are the entrepreneurs turning ambition into scale. And even beyond traditional industry, the entrepreneurial wave is pulling in creative forces—Ranveer Singh, for instance, is shaking up wellness and nutrition with Bold Care and SuperYou, proving that passion, backed by purpose, is the new blueprint for building brands.
Total losses, however, widened to ₹473.5 crore in Q2FY22 from losses of ₹436.7 crore posted in the year-ago quarter, the company has said in its earnings statement released on Saturday. Paytm’s direct expenses shot up to ₹825.7 crore during the quarter from ₹626.3 crore in Q2FY21. The company, though, has claimed that its indirect expenses has reduced—from 70% of revenues in Q2FY21 to 63% of revenues in Q2FY22. Marketing and promotional expenses (excluding cashback and incentives) stood stagnant at ₹100 crore. Employee cost (excluding ESOP) reduced from 40% of revenues in Q2 FY21 to 34% in Q2FY22, on the back of continued investments in technology and merchant base expansion, the firm has said.
“Paytm has seen a strong second quarter of FY22, which is a testimony to the strong two-sided ecosystem of consumers and merchants that we have built. We have maintained the growth momentum in our payments services business, expanded our financial services business aggressively and are on our way to pre-Covid volumes for Commerce and Cloud services,” the company has said in a statement.
Led by active user engagement and adoption across businesses, the company’s GMV (gross merchandise value) for Q2FY22 stood at a robust ₹1,95,600 crore, up by 107% y-o-y.
Earlier this month, One97 Communications had a muted debut on the exchanges. The stock got listed at ₹1,955, a 9% discount to its IPO price of ₹2,150. Foreign brokerage house, Macquarie, downgraded the stock to 'underperform', saying Paytm's business model lacked focus and direction and the company was a 'cash guzzler'.
The share price of One97 Communications ended at ₹1,781.15 apiece on the BSE on Friday, down 0.86%.
Fortune India is now on WhatsApp! Get the latest updates from the world of business and economy delivered straight to your phone. Subscribe now.