However, revenue from operations were up 11% to ₹4,081 crore. ![]() United Breweries: The beer maker’s profit tanked sharply in the March quarter by 94% to ₹9.87 crore from ₹163 crore a year ago. Raymond: The company’s board will meet on May 6 to consider a proposal for raising up to ₹2,200 crore through non-convertible debentures for paying external debt. It announced a final dividend of ₹2.70 per share for FY23. The company posted a 17% growth in its FY23 net profit, which rose to ₹2,911 crore.ĭabur: The FMCG major’s profit during the March quarter grew marginally by 2.25% to ₹300 crore while its revenue went up 6.35% to ₹2,677 crore. Hero MotoCorp: India’s largest two-wheeler manufacturer beat analyst estimates to deliver a 37% YoY rise in standalone net profit to ₹859 crore in Q4, aided by price hikes, cost cutting and improved product mix. Besides, Paytm Super App average monthly transacting users (MTU) for the quarter grew 41 YoY to 70.9 million. Meanwhile, its revenue from operations in the quarter grew 19% at ₹6,605 crore as compared to ₹5,530 crore last year. News Paytm releases Q4’22 results, revenue grows 89 YoY but losses widen Published on Fintech space saw unhindered growth during the past two pandemic years. As per the company, the number of loans disbursed through its platform grew 374 YoY to 6.5 million loans in Q4 FY 2022, while the value of loans disbursed stood at Rs 3,553 Cr (YoY growth of 417). In the fourth quarter, we received UPI incentive for the full year at 182 crore (up 102 YoY). We have further expanded our EBITDA before ESOP costs to 234 crore. Our revenue from operations jumped 61 YoY to 7,990 Cr in FY23. ![]() The company stated that it has been focused on payment volumes generating profitability, either through net payments margin or from direct upsell potential over the past few quarters.TVS Motor: The company’s standalone net profit jumped 49% to ₹410 crore in March quarter from ₹275 crore during the same period last year on the back of strong sales. We have announced our Q4FY23 and FY23 results. "Our loan distribution business (in partnership with our lender partners) continues to gain scale with disbursements of ₹4,468 crore ($544 million, up 206 per cent YoY) and 4.1 million loans (up 63 per cent YoY) disbursed in the month of March 2023 through the Paytm platform," it said. ![]() Paytm disbursed loans worth ₹3,553 crores in the last quarter of the financial year 2021-2022. The digital payments company further informed that it disbursed loans amounting to ₹12,554 crores in the quarter ending March, registering a growth of 253 per cent year-on-year (YoY). The company has experienced rapid growth, expanding its payment device deployment by 3.9 million devices in just one year. Explore Paytm Jobs, Reviews, and Salaries at. On May 5, Paytm posted a second consecutive quarter of operating profitability, if one doesn't take into account ESOP costs. This is a substantial increase from the previous year, when they had only deployed 2.9 million devices. Shares of One97 Communications Ltd., the operator of payments platform Paytm, gained after analysts maintained their 'buy' calls on the stock, following the company's improving fourth-quarter earnings metrics. ![]() The company has recently announced a significant achievement in offline payments through a recent exchange filing.Įarlier, the company informed that they have successfully deployed 6.8 million Paytm payment devices, such as Soundbox and PoS, which marks a notable milestone.
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