{"id":55891,"date":"2024-05-22T04:58:19","date_gmt":"2024-05-22T04:58:19","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/05\/22\/paytm-q4-results-fintech-majors-losses-widen-to-rs-550-crore-times-of-india\/"},"modified":"2024-05-22T04:58:19","modified_gmt":"2024-05-22T04:58:19","slug":"paytm-q4-results-fintech-majors-losses-widen-to-rs-550-crore-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/05\/22\/paytm-q4-results-fintech-majors-losses-widen-to-rs-550-crore-times-of-india\/","title":{"rendered":"Paytm Q4 results: Fintech major\u2019s losses widen to Rs 550 crore &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/i3.wp.com\/static.toiimg.com\/photo\/msid-110320101,imgsize-47276.cms?fit=1280,720&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Paytm Q4 results: Fintech major\u2019s losses widen to Rs 550 crore &#8211; Times of India\" title=\"Paytm Q4 results: Fintech major\u2019s losses widen to Rs 550 crore &#8211; Times of India\" \/><\/div>\n<div>Paytm Q4 results<!-- -->: In the fourth quarter ended March 2024, Paytm, the fintech major, reported a significant increase in losses, reaching Rs 550 crore compared to Rs 169 crore in the corresponding quarter of the previous year. <br \/>The company&#8217;s revenue from operations also experienced a 3% year-on-year decline, amounting to Rs 2,267 crore, in contrast to Rs 2,334 crore in the same quarter of the prior year.<br \/>Paytm&#8217;s fourth-quarter performance was adversely affected by temporary disruptions caused by the UPI transition and the permanent disruption resulting from the <!-- -->Paytm Payments Bank<!-- --> embargo, according to an ET report.<br \/>Consequently, EBITDA before ESOPs decreased to Rs 103 crore in the March quarter, compared to Rs 234 crore in the previous year&#8217;s quarter. However, when excluding UPI incentives, the EBITDA before ESOP stood at Rs 185 crore.<br \/>The company&#8217;s payments business revenue experienced a 7% year-on-year growth, reaching Rs 1,568 crore in the fourth quarter. However, it witnessed a 9% quarter-on-quarter decline due to disruptions in PPBL products, a temporary impact caused by a conservative approach adopted for certain businesses, and disruptions in operating metrics.<br \/>Paytm<!-- --> acknowledged that while it faced some challenges in Q4 due to disruptions, the full financial impact will be evident in Q1FY25. <br \/>The company also highlighted that the current embargo on Paytm Payment Bank&#8217;s products, such as the <!-- -->Paytm wallet<!-- --> and FASTag, which were previously distributed by the company, is expected to have a steady-state annualized direct impact on EBITDA of approximately Rs 500 crore.<\/div>\n<p><script>!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n          var s = document.createElement('script');\n          s.src=\"https:\/\/survey.survicate.com\/workspaces\/0be6ae9845d14a7c8ff08a7a00bd9b21\/web_surveys.js\";\n          s.async = true;\n          var e = document.getElementsByTagName('script')[0];\n          e.parentNode.insertBefore(s, e);\n        })(window);\n      }\n    }\n    window.TimesApps = window.TimesApps || {};\n    var TimesApps = window.TimesApps;\n    TimesApps.toiPlusEvents = function(config) {\n      var isConfigAvailable = \"toiplus_site_settings\" in f && \"isFBCampaignActive\" in f.toiplus_site_settings && \"isGoogleCampaignActive\" in f.toiplus_site_settings;\n      var isPrimeUser = window.isPrime;\n      if (isConfigAvailable && !isPrimeUser) {\n        loadGtagEvents(f.toiplus_site_settings.isGoogleCampaignActive);\n        loadFBEvents(f.toiplus_site_settings.isFBCampaignActive);\n        loadSurvicateJs(f.toiplus_site_settings.allowedSurvicateSections);\n      } else {\n        var JarvisUrl=\"https:\/\/vsp1jarvispvt.indiatimes.com\/v1\/feeds\/toi_plus\/site_settings\/643526e21443833f0c454615?db_env=published\";\n        window.getFromClient(JarvisUrl, function(config){\n          if (config) {\n            loadGtagEvents(config?.isGoogleCampaignActive);\n            loadFBEvents(config?.isFBCampaignActive);\n            loadSurvicateJs(config?.allowedSurvicateSections);\n          }\n        })\n      }\n    };\n  })(\n    window,\n    document,\n    'script',\n  );<\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/paytm-q4-results-fintech-majors-losses-widen-to-rs-550-crore\/articleshow\/110320023.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paytm Q4 results: In the fourth quarter ended March 2024, Paytm, the fintech major, reported a significant increase in losses, reaching Rs 550 crore compared to Rs 169 crore in the corresponding quarter of the previous year. The company&#8217;s revenue from operations also experienced a 3% year-on-year decline, amounting to Rs 2,267 crore, in contrast [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":55892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/photo\/msid-110320101,imgsize-47276.cms","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[289,1955,918,273,485,45031,665,55084,663,55083,55082,55081,7997,272,15674],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/55891"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=55891"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/55891\/revisions"}],"predecessor-version":[{"id":55893,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/55891\/revisions\/55893"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/55892"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=55891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=55891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=55891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}