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Sales of Paytm Q2FY22 increased 64% year-on-year due to a surge in non-UPI payments.Contribution profit increased by 592% to Rs 2.6 billion

On Saturday, One97 Communications Limited (Paytm) reported sales in the second quarter of 2010 were Rs. 10.9 billion, up 64% year-on-year. This growth was driven by a 52% increase in non-UPI payments (GMV) and more than a triple increase in financial services and other revenues.

In addition, contributions in the second quarter of 2010 increased to Rs 2.6 billion, an increase of 592% year-on-year.

See Zee Business Live TV Streaming below.

Main highlights:

1) Contribution margin jumped from 5.7% in the previous year to 24.0% in earnings. Major updates for the second quarter of 2022

2) Operating revenues for the second quarter of 2022 increased 64% year-on-year to £ 10.9 billion due to a 52% increase in non-UPI GMV.

3) Contribution margin of £ 2.6 billion in the second quarter of 2022 was up 592% year-on-year due to the monetization of a large distribution base through high-margin services such as lending, advertising and commerce. From 70% of revenue in the second quarter of 2021 to 63% of revenue in the second quarter of 2022 ● Adjusted from (64%) of revenue in the second quarter of 2021 to (39%) of revenue in the second quarter of 2022 Improved EBITDA margin (£ 4,267 million), increased investment in technology and expanded merchant base ● Total revenue paid to merchants on the Paytm platform (GMV) increased 107% year-on-year in the second quarter of 2022 It was 1,956.0 billion pounds.



Sales of Paytm Q2FY22 increased 64% year-on-year due to a surge in non-UPI payments.Contribution profit increased by 592% to Rs 2.6 billion

Source link Sales of Paytm Q2FY22 increased 64% year-on-year due to a surge in non-UPI payments.Contribution profit increased by 592% to Rs 2.6 billion

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