Paytm loss widens 45% to Rs 778 cr in Q3, revenue rises 89%

The number of loans through the fintech platform grew to 4.4 million in Q3 of FY22, representing a growth of 401 per cent year on year - whereas value of loans rose 366 per cent to Rs 2,181 crore

Fintech major Paytm saw its revenue increase 89 per cent to Rs 1,456 crore in the December quarter (Q3) on a year on year basis, whereas net loss widened 45 per cent to Rs 778 crore. 

However, the company said that its contribution profit (defined as revenue from operations less payment processing charges, promotional cashback and incentives, and other direct costs) improved to 31.2 per cent of revenue in Q3 of FY22 from 8.9 per cent in Q3 of FY21.

“We continue to rapidly expand our customer and merchant base. Number of consumers on our platform is now over 350