| Revenue growth | 28% YoY, second straight quarter; 30s ex-PIDF |
|---|---|
| Margins | NPM rose 8.5 to 9 bps ex-UPI; DLG drags contribution |
| Demand visibility | Lending, personal loan, merchant credit tailwinds; P2M GMV flat QoQ |
| Management confidence | High; repeated confidence on consumer share and tailwinds |
Growth
Revenue growth 28% YoY for second straight quarter, in the 30s excluding PIDF base effect. Personal and merchant lending tailwinds strong.
Outlook
MDR upside ~700 cr at current GMV; device capex ~400 cr unchanged; 500 cr PCTL infusion over 12 months.
Risks
Small headwinds in broking volumes, travel, wealth/gold. MDR go-live postponed; timing uncertain. DLG upfront charges drag quarterly EBITDA.
Last quarter's promises, checked
Delivered
- Analyst-cited guide >22% growth (mgmt unconfirmed) → 28% YoY revenue (= BEAT)
- NPM uptick from 8.4 bps base → 8.5–9 bps ex-UPI (= BEAT)
Partly delivered
- 15–20% EBITDA margin in 2–3 yrs (8% in Q1) → Q2 margin not disclosed; DLG drag (= PARTIAL, unverified)
- ~2x faster postpaid ramp toward ~9,000 cr → no postpaid actual disclosed (= PARTIAL, unverified)
Missed
- Wealth size within 4 qtrs → broking/wealth weak, window open (= MISS, early)
Investor Presentation filed with NSE, NSE: PAYTM. Summary written with AI assistance from the document.
One97 Communications Ltd: key numbers
- Share price
- ₹1,634.30
- Market cap
- ₹1,04,984 Cr
- Revenue (annual)
- ₹8,437 Cr
- Net profit (annual)
- ₹553.0 Cr
- P/E (TTM)
- 122.8×Sector 23.5×
- Promoter holding
- 0.00%+0.00% QoQ
- FII holding
- 43.52%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from One97 Communications Ltd
All →One97 Communications Earnings Call Transcript: Key Takeaways
Paytm reports 28% growth for a second straight quarter, 30s ex-PIDF. UPI MDR upside (~2.5 bps) awaits NPCI implementation. DLG accounting drag and unproven consumer share are the watch items.
One97 Communications Board Meeting Date
One 97 Communications Limited notified the exchanges that its board meeting held today concluded at 10:15 p.m. IST. The filing is a closure update to an earlier board meeting intimation.
One97 Communications Other Announcement
One 97 filed Axis Bank's monitoring agency report for the quarter ended September 30, 2026. It shows no deviation from the IPO objects, a routine compliance disclosure.
One97 Communications Capital Structure Change
Paytm Cloud Technologies will invest Rs 500 Crore in its wholly owned step-down subsidiary, Paytm Singapore. The cash infusion funds working capital and expansion.
- Value
- ₹500.0 Cr
- Execution
- Within next 12 months
One97 Communications Acquisition Worth ₹500 Cr
One 97 Communications (Paytm) disclosed a Rs 500 Crore cash acquisition of Paytm Cloud Technologies Ltd, an unlisted related-party entity. The board outcome dated 26 October 2026 says the funds will support PCTL's working capital and expansion.
- Value
- ₹500.0 Cr
- Execution
- Within next 12 months
One97 Communications Results Update
Paytm's Q2 FY27 revenue rose 28% YoY to ₹2,648 Cr and EBITDA rose 90% to ₹270 Cr. The earnings release highlights results and AI-driven business momentum.