Financial Overview

In FY23, PayMate has achieved a remarkable 54.69% Compound Annual Growth Rate (CAGR) in revenue over the last four years, signalling consistent and strong business expansion. PayMate reduced its consolidated net loss by 3.5% to INR 55.7 Cr compared to FY22's INR 57.7 Cr. PayMate also achieved an 11.7% growth in operating revenue to INR 1,350.1 Cr. Expenses increased by 11% to INR 1,407.3 Cr, with 95% attributed to the cost of materials. PayMate invested INR 1,339 Cr in materials, up 11% from FY22's INR 1,207.5 Cr. Employee benefit expenses rose by 1.6% to INR 50.5 Cr from INR 49.7 Cr in FY22. Advertising promotional expenses surged to INR 1.3 Cr from INR 44.7 Lakh in FY22.
Expansionary Plans: PayMate's performance in FY23 saw a substantial 84.53% surge in customer adoption, exceeding 390,000. PayMate's strong customer base in India and the UAE is expanding to CEMEA and APAC regions. The company recorded a total payment volume of INR 84,519 Cr, reflecting a 21% YoY increase.
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PAYMATE INDIA IPO JOURNEY: (October 2023) PayMate's chairman and managing director, Ajay Adiseshan, recently shared that the company is preparing for an Initial Public Offering (IPO) within the next six to nine months. He pointed out several positive developments contributing to this move, including significant contractual wins, global expansion initiatives, and ongoing implementation and execution activities. The Draft Red Herring Prospectus (DRHP) for PayMate's IPO was initially released on May 30, 2022.2023. He highlighted several positive developments setting the stage for the IPO, including contractual wins, global expansion efforts, and ongoing implementation and execution activities.
The Draft Red Herring Prospectus (DRHP) for PayMate's Initial Public Offering (IPO) was initially released on May 30, 2022. Fresh issue: ₹1,125 crore & Offer-For-Sale: ₹375 crore.
However, the Securities and Exchange Board of India (SEBI) advised PayMate to refile its IPO prospectus.
PAYMATE SHARE PRICE JOURNEY: On May 1, 2022, PayMate'sshare price was 669. Over the past 52 weeks, the share reached its highest point at 1,180 on January 9, 2023, and its lowest point at 360 on September 4, 2023. The current stock price stands at 490(February 24th, 2024).
Extra Ordinary General Meeting Notice