Paytm Q2FY22 sales up 64% yoy on non-UPI payment volumes jump; contribution profit grows 592% to Rs 2.6 billion

Contribution margin jumped to 24.0% of revenue from 5.7% the previous year Key Updates for Q2 FY 2022. Source: Reuters

One 97 Communications Limited (Paytm) on Saturday reported 64 per cent year-on-yaer (Y-o-Y) growth in its revenues at Rs 10.9 billion for Q2 FY22, the company informed in its exchange filing. The growth was driven by 52 per cent growth in non-UPI payment volumes (GMV) and more than 3 times growth in Financial Services and Other revenue.

Contribution profit grew to Rs 2.6 billion in Q2 FY22, which was 592 per cent YoY jump, it further said.

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Key Highlights:

1) Contribution margin jumped to 24.0% of revenue from 5.7% the previous year Key Updates for Q2 FY 2022

2) Revenue from Operations grew 64% Y-o-Y to ₹10.9 billion in Q2 FY 2022, driven by 52% growth in non-UPI GMV

3) Contribution profit of ₹2.6 billion in Q2 FY 2022, up 592% Y-o-Y due to monetisation of our large distribution base through high margin offerings such as lending, advertisements and commerce offerings

4 ) Indirect expenses (excluding ESOPs) as a percentage of revenue reduced from 70% of revenues in Q2 FY 2021 to 63% of revenues in Q2 FY 2022

5) Improved Adjusted EBITDA margin to (39%) of revenues in Q2 FY 2022 (₹4,255 million), from (64%) of revenues Q2 FY 2021 (₹4,267 million), along with increased investments in technology and merchant base expansion

6) Gross payment volume to merchant on Paytm platform (GMV) grew 107% Y-o-Y to ₹1,956 billion in Q2 FY 2022.

7) Key Trends noted by management
Trends in our Businesses
● Growth of Payments revenues and profitability due to growth of payment volumes from
non-UPI instruments (including Paytm Payment Instruments) and payment services to
merchants
● Recovery of high-margin commerce business, and growth of Cloud due to ramp up of
advertising
● Increase of Financial Services revenues driven by huge ramp up in Lend

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