Paytm share price gains after reporting Q3 results. Check details here

Paytm shares were up 1.44% to Rs 912.60 on the Bombay Stock Exchange (BSE) at 11:25 am.

The company’s net loss narrowed to Rs 208 crore in Q3FY25, compared to Rs 219.8 crore in the same period last year.

Consolidated revenue from operations fell 36% year-on-year (YoY) to Rs 1,828 crore, down from Rs 2,851 crore in Q3FY24.

On a quarter-on-quarter (QoQ) basis, however, the company’s revenue rose 10%, supported by a rise in gross merchandise value (GMV), good growth in subscription revenues, and higher revenue from distribution of financial services.Paytm share

“We have been able to reduce our indirect cost by 7% QoQ and 23% YoY to Rs 1,000 crore. Going forward, we expect calibrated growth in marketing costs and sales employee expenses as we invest in customer and merchant acquisition,” Paytm said in its earnings release.

“Our employee costs (excluding ESOP) for 9M FY 2025 is lower by Rs 451 Cr YoY, and will comfortably surpass our targeted annualised people cost savings of Rs 400-500 crore,” it added.

Paytm also noted that it did not receive any UPI incentive during the quarter. Among other important takeaways, the company’s cash balance rose by Rs 2,851 on a QoQ basis to Rs 12,850 crore.

The company’s merchant subscriber base for devices stood at 1.17 crore at the end of the December quarter, with the addition of 5 lakh subscribers.

Last but not lease, the company said it continues to prioritise a compliance-first approach, with focus on innovation in its merchant payment solutions. Paytm also remains focused on regaining its UPI market share to levels seen in January 2024.Paytm share

Railway Train Ticket Rules: Passengers Can Now Avail Services Between THESE Stations Without Prior Reservation; Check Fare, Schedule