Operating revenue rose to ₹1,828 Cr, marking a 10% increase QoQ, bolstered by growth in payments and financial services, which saw revenues climb to ₹1,059 Cr and ₹502 Cr, respectively. Contribution profit improved by 7% QoQ to ₹959 Cr, with a steady contribution margin of 52%, despite rising costs in the Default Loss Guarantee (DLG) program. Positive developments were noted in cash reserves, which grew by ₹2,851 Cr QoQ to ₹12,850 Cr, thanks to the sale of Stock Acquisition Rights in PayPay.
The merchant subscriber base increased to 1.17 Cr, with a strong addition of 5 Lakh QoQ. The Q3 FY 2025 performance signals a positive outlook moving forward, underscoring the potential for growth in both revenue and market position, particularly in expanding into tier-2 and tier-3 cities. Keep an eye on the upcoming quarters as Paytm continues to innovate in payment solutions, positioning itself to capture a larger share of the growing MSME market while managing costs effectively.