![]() ![]() It currently has 7 lending partners and Paytm aims to onboard 3-4 partners in FY24.ĭon’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. Paytm has partnered large NBFCs and banks and it continues to focus on quality of loans distributed through its platform. Amazon 6 Yatra 7 Jobong 8 Myntra 9 Paytm 10 BookMyShow 11 Cleartrip 12 FreeCharge 13. Since the launch of its UPI Lite platform in February, the company has already onboarded 55 lakh customers. When available, you will be able to obtain copies of all documents. We are prepared to capitalise on these opportunities by bringing innovative products to our customers,” the company said. “The growth of UPI and other mobile payment methods presents a wealth of untapped opportunities. One 97 Communications reported Q4 revenues at Rs 23.3 bn on YoY basis led by monthly transacting users growth of 27 and average revenue per user growth of 19 on YoY basis Growth was led by continued traction in merchant payment biz while financial services grew led by rising borrower base of 5 mn unique borrowers in Q4. As per company statements, a rise in payment processing charges, marketing costs and. 441.8 crores last year as expenses ate into the company’s topline growth. Stepping into FY24, the payment gateway services provider remains bullish on the long-term potential for revenue growth and profitability across payment and lending businesses. One 97 Communications, the parent company of fintech firm Paytm, declared its Q4 FY22 results late on. “With low penetration rates currently for each of our loan distribution products, we see a long runway for growth in this business,” the company said in a release. Paytm earns 972 Mn revenues in FY 2023, up 61 YoY For Q4 FY 2023, revenue up 51 YoY at 284 Mn UPI incentive of 6 Mn for Q4. In Q4, across its three product offerings – Paytm Postpaid, Personal Loans, and Merchant Loans – loans amounting to Rs 12,554 crore were distributed through the Paytm platform.Īs of March 2023, 95 lakh borrowers have taken a loan through the company’s platform. The loan distribution business continued to scale. and fitness discovery portal Sportobuddy, has raised 1.5 million (about Rs 98. This is more than double of 29 lakh such merchants that paid subscriptions in the same period last year. Online marketplace Paytm Mall, operated by Paytm E-Commerce Pvt. The company is primarily engaged in the generation and sale of power and the operations of the group are mainly carried out within the country.Subscription services for payment devices, such as Soundbox and POS machines are also witnessing strong adoption, with 68 lakh merchants paying Paytm subscriptions as of March 2023. The final dividend is in addition to the interim dividend of Rs 1.15 per equity share for 2021-22 paid in February 2022. ![]() The Board has recommended a final dividend of Rs 0.55 per share of Rs 10 each for the FY 2021-22, subject to the approval of shareholders in the ensuing annual general meeting. ![]() Total income in the fiscal declined to Rs 2,634.78 crore from Rs 3,222.84 crore in 2020-21. Total income in the quarter declined to Rs 393.87 crore from Rs 1,084.96 crore a year ago.įor the 2021-22 fiscal, the consolidated net profit dipped to Rs 989.80 from Rs 1,645.72 crore in 2020-21. The company had posted a consolidated net profit of Rs 619.92 crore in the quarter ended March 31, 2021, a BSE filing showed. NEW DELHI: State-owned SJVN Ltd on Wednesday reported an over 98 per cent decline in its consolidated net profit to Rs 7.49 crore in the March 2022 quarter, mainly due to lower revenues. ![]()
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