In the run-up to their IPOs, both Paytm and Policybazaar have reported faster topline growth for the June quarter but also greater losses. The CapTable brings you key takeaways from their updated IPO filings
October 28, 2021
8 Min Read
As Paytm owner One97 Communications and Policybazaar owner PB Fintech prepare to launch their public share offerings, their recent red herring prospectuses offer a peek into how they performed in the June quarter. The quick view: revenues improved but losses widened.
IPO Valuations: The two fintech Unicorns also announced their IPO price expectations:
Revenue growth returns, but losses increase: Paytm’s revenue growth in the previous three financial years was flat. But in the April-June financial first quarter, the company registered a 62% growth in operating revenue to Rs 891 crore. The spike was mainly because of the lower base of the year-ago June quarter, when the business suffered owing to strict Covid lockdowns.
A large part of the revenue growth in the latest June quarter was driven by Paytm’s merchant payments business, with the commerce and financial services units also contributing. Revenue from the commerce and cloud business increased 66% to Rs 201 crore, with contribution profit jumping 198% to Rs 245 crore.
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