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Earnings Call

One97 Communications Earnings Call: Key Takeaways

Paytm achieved its first full year of profit in FY26 with EBITDA of ₹502 Cr and PAT of ₹552 Cr. Strategy focuses on AI-led operating leverage and high-margin financial services distribution.

Why this was an Alfa AlertNot a filter event. Performance met stated guidance (30-40% PIDF offset) and outlook for FY27 is positive but lacks a material guidance beat against a specific upper-end range.
Highlights
Revenue growthFY26 +22% YoY; Q4 FY26 comparable +26% YoY.
MarginsPayment processing margin expanded to >4 bps; 6% EBITDA margin.
Demand visibilityStrong; Consumer UPI GTV growth at 2.2x industry levels.
Management confidenceHigh; citing 'disciplined compounding' and first full year of profit.

Growth

FY26 Revenue up 22% YoY to ₹8,437 Cr. Q4 FY26 comparable revenue grew 26% YoY. PAT saw a ₹1,215 Cr YoY improvement.

Outlook

FY27 revenue growth expected to accelerate beyond 22% with further EBITDA margin expansion driven by merchant loans and AI efficiency.

Risks

Discontinuation of PIDF scheme and pending finalization of FY26 UPI incentives; lower interest income due to repo rate cuts.

Source

Earnings Call filed with BSE, NSE: PAYTM. Summary written with AI assistance from the document.

Read the document ↗

One97 Communications Ltd: key numbers

Share price
₹1,674.00
Market cap
₹1,07,405 Cr
Revenue (annual)
₹8,437 Cr
Net profit (annual)
₹553.0 Cr
P/E (TTM)
165.2×Sector 22.1×
Promoter holding
0.00%+0.00% QoQ
FII holding
48.09%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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20:22 IST BSE
Merger & Restructuring

One97 Communications Merger & Restructuring Worth ₹14.76 Cr

One 97 Communications completed the conversion of convertible instruments in its subsidiary, Little Internet Private Limited, totaling ₹14.76 Crore.

Value
₹14.76 Cr
16:45 IST BSE
Acquisition

One97 Communications Acquisition Worth ₹100 Cr

One 97 Communications increased its shareholding in subsidiary LIPL and invested ₹100 Crore in its wholly-owned subsidiary Paytm Money via a rights issue.

Value
₹100.0 Cr
23:45 IST BSE
Business Update

One97 Communications Business Update

Paytm announced that the NPCI introduced an MDR of up to 0.4% on UPI Person-to-Merchant transactions exceeding ₹2,000, which will generate additional revenue for the company.

16:11 IST NSE
Annual General Meeting

One97 Communications Annual General Meeting

One 97 Communications Limited held its 26th Annual General Meeting on September 15, 2026. The meeting discussed financial adoption, director appointments, and ESOP scheme amendments.

12:37 IST BSE
Price Movement Clarification

One97 Communications Price Movement Clarification

One 97 Communications clarified a Bloomberg India media report on workplace AI agents. The company stated the content was already disclosed in its Q1 FY27 earnings release and transcript.