Paytm zooms ~2% on robust operating performance for April-May 2022; loan disbursals jump ~6 times

15 Jun 2022 , 10:52 AM

One 97 Communications Limited (Paytm) has announced its operating performance for the month of April-May 2022.

The company stated that its lending business witnessed rapid growth, with 5.5 million loan disbursals during April-May 2022, registering a growth of 471% yoy. The total disbursals sum up to a loan value of Rs3,576 crore ($476 million) in the first two months of the current quarter. The company is also witnessing increases in average ticket size as the personal loan business scaled up in particular.

Paytm’s leadership continues in Offline Payments with 3.4 million devices deployed as of May 2022.

User Engagement on Paytm Super App continues to see robust growth with average monthly transacting users (MTU) at 74.30 million for the two months ended May 2022, up by 48% yoy.

The merchant GMV processed through the company’s platform for April-May 2022 aggregated to approximately Rs1.96 lakh crore ($26.2 billion), clocking a growth of 105% yoy.

Paytm’s counter is currently trading at Rs615.10 up by Rs8.7 or 1.43% from its previous closing of Rs606.40 on the BSE. The scrip opened at Rs616 and has touched intraday high and low of Rs624 and Rs613 respectively.