Paytm Q2 FY 2024 Financial Performance

Financial performance Paytm Quarter Ended Change (in \ Cr) Payment Services Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 YOY QoQ 1,188 1,197 1,467 1,414 1,524 32% 8% Financial Services 349 446 475 522 571 64% 9% Commerce & Cloud 377 420 392 405 423 12% 4% Revenue from Operations 1,914 2,062 2,334 2,342 2,519 32% 8% Payment processing charges 746 738 780 767 817 10% 7% Other direct expense 325 277 271 271 276 (15%) 2% Contribution Profit 843 1,048 1,283 1,304 1,426 69% 9% Contribution Margin % 44% 51% 55% 56% 57% 1,257bps 92bps Marketing 137 136 127 181 180 31% 0% Employee cost (Excl ESOPs) 573 584 614 730 807 41% 11% Software, cloud and data center 173 171 188 155 155 (10%) 0% Other indirect expenses 127 126 121 155 130 3% (16%) Total indirect expenses 1,010 1,016 1,049 1,220 1,273 24% 4% EBITDA before ESOP expense (166) 31 234 84 153 +319 Cr +69 Cr EBITDA before ESOP cost Margin % -9% 2% 10% 4% 6% 1,484bps 250bps Note: March 2023 financials include 182 Cr UPI incentives reported during the quarter; Hence QoQ financials are not comparable Payments revenue includes Other Operating revenue, as it relates to the Payments business 12

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