Update On One 97 Communications Ltd By Motilal Oswal
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Robust growth in GMV and loan disbursals continues
One 97 Communications Ltd (Paytm) released its monthly update highlighting key business numbers for Nov’21. The following are the takeaways:
* The total gross merchandise value (GMV) continued to grow strongly, maintaining robust traction over Oct–Nov’21. Total GMV grew 127% YoY to INR834b in Nov’21 (129% YoY to INR1.7t over 2M of 3QFY22).
* Average Monthly Transacting Users (MTU) grew 36% YoY to 63.2m over 2M of 3QFY22 (from 57.4m as of Sep’21).
* Monthly GMV per transacting user continued to increase, reaching 69% YoY to INR13,181 in Nov’21 (INR11,369 in Sep’21).
* The total devices deployed grew to 1.6m in Nov’21 v/s 0.5m in Nov’20; this stood at 1.3m in Sep’21. The number of merchant partners stands at 23m in 2QFY22 v/s 18.5m in 2QFY21.
* The total number of loans disbursed grew 371% or 4.7x YoY to ~1.4m in Nov’21 (up 5.1x to 2.7m over 2M of 3QFY22 v/s 2.8m in 2QFY22). The total value of loans disbursed grew 331% or 4.3x YoY to INR6.9b in Nov’21 (up 4.7x to INR13.2b over 2M of 3QFY22 v/s INR12.6b in 2QFY22). This was driven by a rapid scale-up in Buy-Now-Pay-Later, consumer loans, and merchant loans.
To Read Complete Report & Disclaimer Click Here
For More Motilal Oswal Securities Ltd Disclaimer http://www.motilaloswal.com/MOSLdisclaimer/disclaimer.html SEBI Registration number is INH000000412
Above views are of the author and not of the website kindly read disclaimer
.jpg)
