Good set of numbers (Better than street estimates)
Consolidate revenue up 38% YoY and 13% QoQ (2850 Cr)
Losses have narrowed down to 222 Cr
Merchants subscription is 1.06 Cr(Up 49 lakh YoY)
But the key metric here is the loans distributed-15,535 Cr
It is down from previous quarter of 16,621 Cr but seems minor impact due to RBI restrictions on the less than 50,000 size loans
It needs to be watched out in future quarters but as of now it does not seem as big an impact as the street expected
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