The company's total income (or total revenue) for Q2 FY23 was Rs 22,409 million, an increase of 5.1 per cent over Q2 FY22. The company in a statement said its adjusted operating profit or earnings before interest, taxes, depreciation, and amortisation (Ebitda) for Q2 FY23 was Rs 18,209 milli
The New Delhi-headquartered company said its operating profit and Earnings before interest, taxes, depreciation, and amortisation (Ebitda) grew 74.1 per cent to Rs 88.4 crore in the reviewed quarter, against Rs 50.8 crore in the year-ago period.
The Hyderabad-headquartered firm said its revenues grew 52.48 per cent to Rs 1,683.07 crore on a year-on-year basis. The company also said operating profit or Ebitda also rose 45.07 per cent YoY.
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Operating profit or earnings before interest, taxes, depreciation, and amortisation (Ebitda) declined 8 per cent from last year to Rs 480.6 crore. The fall in operating profit is due to spiralling expenses, which increased 21 per cent from last year while finance costs increased 29 per cent
Fintech solutions provider One 97 Communications, which operates the popular payment platform Paytm continues to dominate the payments landscape in India.
On a quarterly basis, Paytm's net losses have reduced by 11 per cent. The company said robust traction across all its businesses helped it achieve stronger revenue growth, with improvement in Ebitda before Esop cost (improvement of Rs201 crore in last two quarters).
The company said its performance was impacted due to spiralling increase in the price of input materials, resulting in higher cost which could not be compensated in the market due to huge supply overhang.
The firm said total revenue from operations went up 5.6 per cent to Rs 5,829 crore in the reviewed quarter, against Rs 5,520 crore in the corresponding period the previous year. Its earnings before interest, taxes, depreciation, and amortisation (Ebitda) rose 6.2 per cent to Rs 1,302 crore,
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