One97 Communications, the parent company of Paytm, has announced an operating revenue of Rs 1,828 crore during Q3 FY25, down from Rs 2,850 crore reported in December 2023 quarter. However, the revenue grew 10% on a quarterly basis.

On the expense side, employee benefits accounted for the largest share of total costs, amounting to Rs 756 crore, compared to Rs 1,187 crore reported in Q3 FY24.

The company reported a net loss of Rs 208.5 crore for the third quarter ending December 31, 2024, compared to the Rs 221.7 crore loss in the same period last year. 

"Our revenue from payment services grew by 8% QoQ to Rs 1,059 crore, supported by an increase in GMV, which reached Rs 5 lakh cr (up 13% QoQ). The merchant subscriber base for devices grew to 1.17 crore, with a net addition of 5 lakh new subscribers during the quarter," Paytm said in its blogpost.

"Revenue from financial services surged by 34% QoQ to Rs 502 crore, driven by a higher share of merchant loans, improved collection efficiencies, and increased revenue from the Default Loss Guarantee (DLG) portfolio. It has further increased the number of partners for financial services distribution and continues to see strong interest from various financial institutions to partner with the company," the company added.

The company distributed merchant loans worth Rs 3,831 crore during the quarter, compared to Rs 3,303 crore in Q2 FY 2025, with over 50% of loans provided to repeat borrowers. Personal loans disbursed in Q3 FY25 were worth Rs 1,746 crore.

Paytm's cash balance stood at Rs 12,850 crore as of December 2024, an increase of Rs 2,851 crore QoQ,  largely on account of conclusion of PayPay stake sale.