The company said that it will reach operating profitability (EBITDA before ESOP cost) by September 2023. 

The company's Loan distribution business has scaled up significantly over the last 12 months, seeing increased adoption by users.

One 97 Communications, listed as Paytm posted revenue from operations at Rs.1680 crore for the first quarter ended 30 June, 2022.

The company's Loan distribution business has scaled up significantly over the last 12 months, seeing increased adoption by users.

The company is confident that with continued revenue growth, increasing mix of higher margin businesses such as loan distribution, and better operating leverage, it will reach operating profitability
(EBITDA before ESOP cost) by September 2023. 

The company's Payments revenue increased 69% YoY (3% QoQ) due to continued growth in subscription (and MDR) revenues due to ramp-up of our devices business and growth in bill payment use cases due to higher MTUs.

The company's Commerce & Cloud revenues grew 64% YoY, with significant growth in Commerce revenues (168% YoY) due to higher ticketing sales on platform.