Mumbai: Paytm On Sunday it released its business figures for the quarter ended September 2021, where it said debt has more than doubled over the past three months – both in terms of value and numbers. According to exchange filings, the number of users making monthly transactions in the app rose to 57 million in the quarter ended September, an increase of 70 lakh (14%) from 5 crore in the April-June period of this year.
The disclosure comes three days after the company was listed on November 18 and reflects a boom in business after the second wave of the pandemic was over. biggest after swimming first public offer (IPO) worth Rs 18,300 crore, the company’s shares took a beating soon after listing. They fell 27% to close on the lower circuit, marking the worst start by any company. IPO Size above Rs 1,000 crore.
In terms of numbers, the company disbursed over 28 lakh loans this year in the second quarter – more than double the 14.3 lakh loans disbursed in the first quarter (see graphic). Year-on-year, the growth is over 700% from around 3.5 lakh loans seen in the quarter ended September 2020.
“In keeping with our disclosures in the prospectus, the pace of development” gross inventory value (GMV) continued into October 2021, driven by festive season spending as well as increased number of merchants and consumers, adoption of new products, in transactions and deployed tools for both online and in-store merchants,” the company said. its filing. GMV is defined as the value of total payments made to merchants through transactions Paytm App, through Paytm payment instruments or through the Company’s payment solutions, over a period. This excludes any consumer-to-consumer payment services such as money transfers.
The GMV processed through Paytm platform for the month of October 2021 was approximately Rs 83,200 crore, a growth of 131% over the month of October 2020. For the second quarter, the GMV stood at Rs 1,95,600 crore – a 33% increase over the previous month. preceding quarter. On a year-over-year basis, GMV was up 100%.
The disclosure comes three days after the company was listed on November 18 and reflects a boom in business after the second wave of the pandemic was over. biggest after swimming first public offer (IPO) worth Rs 18,300 crore, the company’s shares took a beating soon after listing. They fell 27% to close on the lower circuit, marking the worst start by any company. IPO Size above Rs 1,000 crore.
In terms of numbers, the company disbursed over 28 lakh loans this year in the second quarter – more than double the 14.3 lakh loans disbursed in the first quarter (see graphic). Year-on-year, the growth is over 700% from around 3.5 lakh loans seen in the quarter ended September 2020.
“In keeping with our disclosures in the prospectus, the pace of development” gross inventory value (GMV) continued into October 2021, driven by festive season spending as well as increased number of merchants and consumers, adoption of new products, in transactions and deployed tools for both online and in-store merchants,” the company said. its filing. GMV is defined as the value of total payments made to merchants through transactions Paytm App, through Paytm payment instruments or through the Company’s payment solutions, over a period. This excludes any consumer-to-consumer payment services such as money transfers.
The GMV processed through Paytm platform for the month of October 2021 was approximately Rs 83,200 crore, a growth of 131% over the month of October 2020. For the second quarter, the GMV stood at Rs 1,95,600 crore – a 33% increase over the previous month. preceding quarter. On a year-over-year basis, GMV was up 100%.
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