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Paytm revenue grows 25% and nears Rs 10,000 Cr in FY24

One97 Communication Limited, parent company of Paytm, saw a 25% revenue growth in FY24, reaching Rs 9,978 crore. Income from payment services and financial services rose 25% and 30%, respectively. Total income hit Rs 10,525 crore. Despite a 15% rise in total expenditure, Paytm reduced net losses by 20% to Rs 1,422 crore, maintaining EBITDA profitability before ESOP.

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Paytm revenue grows 25% and nears Rs 10,000 Cr in FY24

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  1. Paytm revenue grows 25% and nears Rs 10,000 Cr in FY24

  2. Paytm Financial Performance • One97 Communication Limited, parent company of Paytm, scaled 25% year-on-year in fiscal year ending March 2024. • Maintained EBITDA profitability before ESOP throughout FY24. PaytmRevenue • Revenue from operations grew 25% to Rs 9,978 crore in FY24. • Payment services contributed 62.48% to total operating revenue, reaching Rs 6,235 crore. • Financial services income grew by 30% to Rs 2,004 crore. Paytm Expenditure • Employee benefits accounted for 39.4% of overall expenditure. • Rose 21.5% to Rs 4,589 crore in FY24, including Rs 1,466 crore as ESOPs cost. • Payment processing charges grew 10.9% to Rs 3,280 crore. • Total expenditure increased by 15% to Rs 11,645 crore in FY24.

  3. Paytm Profit and Loss • Net losses reduced by 20% to Rs 1,422 crore in FY24. • Maintained EBITDA profitability before ESOP at Rs 559 crore in FY24. If you want to get complete information related to this topic click HERE.

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