11 Jan 2022 , 12:17 PM
Paytm parent One 97 Communications has announced the operating performance of the platform for the quarter ending December 2021 (Q3FY22). In the quarter under review, Paytm records stellar growth in the quarter ending combined with a scale-up of lending business and devices.
Paytm registers 5-folds growth in volume terms in the lending business. The platform’s number of loans disbursed in Q3FY22 increased by 401% y-o-y to 4.4 million loans. This is in continuation of the significant growth seen in the past quarter.
In Q3 of this fiscal, the value of loans disbursed through the platform was Rs 21.8 billion (run-rate of $1 .2 billion), an increase of 365% y-o-y. The company saw stellar growth in each of the lending products, i.e. Paytm Postpaid (Buy-Now-Pay-Later), Personal Loans and Merchant Loans.
Further, in the GMV business, Paytm posted triple-digit growth in the quarter. Growth of GMV continues in Q3 FY 2022 even after the festive season. GMV processed through the platform during the quarter aggregated to approximately Rs2,501 billion ($33.6 billion), a growth of 123% Y-o-Y compared to Q3 FY 2021.
Also, Paytm’s monthly transacting users (MTU) showed consistent growth in FY 2021 and the first two quarters of FY 2022. The trajectory has continued in the third quarter of FY 2022 with 64.4 million average MTUs, a growth of 37% Y-o-Y over the 47.1 million average MTUs in Q3 FY 2021.
At around 12.11 pm, One 97 stock was trading at Rs1142.05 per piece down by Rs15.85 or 1.4% on Sensex. The stock has touched an intraday high and low of Rs1214.70 per piece and Rs1130 per piece respectively.
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