Q1 2025 One 97 Communications Ltd Earnings Call Transcript
Key Points
- Management is committed to achieving a profitable quarter within the current fiscal year.
- Focus on core business areas such as payments and cross-selling financial services is expected to drive growth.
- Employee costs have been reduced by 10% quarter-on-quarter, with further reductions expected.
- Marketing expenses are expected to be lower in the coming quarters, contributing to cost savings.
- The company is seeing good signs in early buckets for Merchant Cash Advance business, indicating strong performance.
- Consumer payments revenue has significantly declined due to the discontinuation of highly profitable products like wallets and rent payments.
- There are ongoing challenges with new user acquisitions for UPI, impacting growth in this segment.
- Indirect expenses have increased from INR1,200 crores to INR1,300 crores, partly due to one-off provisions and migration-related costs.
- The company is facing a conservative lending environment, which may limit aggressive growth in credit disbursement.
- There is uncertainty around the timeline for the return of wallet services and approvals from NPCI for adding new consumers.
Thank you for joining, and welcome to Paytm's earnings call to discuss our financial results for the quarter ending June 30, 2024.
From Paytm's management, we have with us today, Mr. Vijay Shekhar Sharma, Founder and CEO; Mr. Madhur Deora, President and Group CFO; Mr. Anuj Mittal, Senior Vice President, Investor Relations.
A few standard announcements before we begin. The information to be presented and discussed here should not be recorded, reproduced or distributed in any manner. Some statements made may be forward-looking in nature. Actual events may materially differ from those anticipated in such forward-looking statements.
Finally, this earnings call is scheduled for 60 minutes. It will have opening remarks by the management followed by Q&A. (Operator Instructions) A replay of this earnings call and a transcript will be made available on the company website subsequently.
With this, I would like to request Mr. Vijay Shekhar Sharma to kindly initiate the call. Thank you, and over to you, Vijay.
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