Starting our earnings call for FY23! Our senior management will give an overview of our growth and achievements in the last fiscal year! #PaytmKaro
Our founder and CEO @vijayshekhar starts the call. "Happy to announce our second consecutive quarter of operating profit. As we have shared earlier, we are aiming for free cash flow next. Indebted to the business team’s attention and efforts and deliveries that made us… twitter.com/i/web/status/1…
@vijayshekhar "We had an incredible landmark quarter. We got UPI incentives all of which were recorded in the last quarter. We tried showing you like-for-like numbers excluding UPI incentive for previous quarters," says Vijay
"I believe UPI has started going towards monetization. Our payment team has done great market penetration. We are very proud to say that when it comes to the merchant, where a consumer makes payment to the merchant, Paytm is the market leader here," shares Vijay
"As seen in the last quarter, we are focused not only on revenues but also on EBITDA. The nice thing I want to point out is that while our revenue grows, our margin also continues to improve," says Vijay
Paytm President and Group CFO Madhur Deora takes over. "We recorded annual revenue growth of 61% and 100% increase in UPI incentive 90 to 182 crore this year. Our performance was extremely strong, as for the quarter, revenue was Rs 2334 cr 51% growth yoy." @mdeora1
"We have witnessed huge technology adoption by our merchants. Expect the pace of 1 million devices per quarter to continue and go up even," shares Madhur
"Our net payments margin has been a continuous improvement story, we focus on monetizing payments better while keeping costs under control," says Madhur
@mdeora1
"In our loan distribution business, we set for ourselves a very strong portfolio governance model. Our penetration in Paytm's MTU remains low, indicating two things, we have a huge runway and that we continue to grow while also being selective of the loans being disbursed,"… twitter.com/i/web/status/1…
On the Paytm pioneered Soundbox, @vijayshekhar shares, "Our Made in India Soundbox is legendary. The amount of love we get from merchants is incredible. Because of our cost, service and industry-best features, we grow even as we charge for devices despite others trying to offer… twitter.com/i/web/status/1…
@vijayshekhar shares a glimpse of the growth drivers of our business. From the Paytm pioneered Soundbox, to being the first to bring UPI LITE to users and our upgraded technology platform that can enable 10X growth in payments, this is what makes Paytm the top innovator in India!
"Thank you for championing Paytm," @vijayshekhar rounds up the management presentation!
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