New Delhi: Paytm is one of the largest digital payment platforms in the country. The strength and success of One97 Communications, the company that owns Paytm, is once again visible. The company's revenue is increasing every quarter. At the end of the first quarter of the current financial year (April-June), the company's revenue has crossed Tk 1500 crore.
Paytm has recently improved several of their services. In addition to UPI payment services, QR code payment services, Sound Box and other financial services have a special focus.
Paytm has brought the country's biggest IPO. The founder of the company, Vijay Shekhar Sharma, has recently taken many important decisions, the impact of which is visible in the revenue and performance of the company. Recently the company announced their quarterly results. The overall loss of the company has come down due to improvement in earnings.
Paytm's operating income is-
According to stock market data, Paytm said its operating income was Rs 1502 crore in April-June. The company's net or gross loss before tax, after calculating earnings after calculation (EBITDA) was Rs 792 crore. The company said its profit is also expected to increase in the future due to good earnings.
It is reported that the company's income from financial services was Tk 280 crore. Where the company earned 321 crore rupees from marketing services The company's profit margin increased to 50 percent, resulting in a profit of Tk 755 crore. The balance sheet of the company has improved tremendously and there is Rs 8108 crore in the company's account.
A Paytm spokesperson said, “Our customer base has stabilized. Improved merchant operating metrics. It is expected to yield better gains in the future.”
Reasons for Paytm bounce back-
Paytm attributed its financial success to its merchant payment operating business returning to January 2024 levels. Shopkeepers have started installing QR codes and soundboxes again. The company's business customer base has improved and now stands at Rs 1.09 crore.
Similarly, the gross business value (GMV) done on the Paytm platform has also returned to January levels. The profit figure for the last quarter was Rs 4.3 lakh crore. In addition, the company is also focusing on cost reduction.
