Operating revenue of ₹1,502 Cr,
Contribution profit of ₹755 Cr (margin of 50%).
EBITDA before ESOP of ₹(545) Cr.
EBITDA of ₹(792) Cr.
Continued focus on cost reduction, employee cost has declined by 9% QoQ.
Going forward, we expect revenue and profitability to improve, driven by growth in operating parameters such as GMV, an expanding merchant base, recovery in loan distribution business and continued focus on cost optimization.
Strong balance sheet with ₹8,108 Cr of cash on books; we also hold stock.
acquisition rights in PayPay Corporation (5.4% stake, once exercised).
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