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India
Reported ownership for FY2027-Q2 as of 2026-09-30.
As of 06 Nov 2026, 03:30 pm
For the quarter ended September 30, 2026, the company confirmed profitability and reported 28% revenue growth (30%+ excluding PIDF). Management highlighted an expected ~₹700 crore incremental EBITDA from UPI MDR implementation at 2.5 bps on a current GMV of ₹28 lakh crore. The firm also rolled out 700,000 devices and maintained net payment margins of 9 bps ex-UPI.
The company is shifting to an AI-first model focused on small merchants and plans to monetize an AI platform for enterprises within one year. It has switched to non-DLG consumer loan distribution and resolved to invest up to ₹500 crore in Paytm Cloud Technologies Limited for international ventures. These moves support a broader transition toward technology-led platform advantages.
As of November 6, 2026, PAYTM closed at ₹1,794.4 with a market cap of approximately ₹11.43 lakh crore. The stock is up +38.9% YTD and +61.6% over six months. Key resistance levels are at ₹1,816.37 (+1.22%) and ₹1,851.13 (+3.16%), while immediate support sits at ₹1,774.23 (-1.12%). The monthly trend remains bullish, though daily indicators show bearish pressure.
One 97 Communications will participate in several institutional investor meetings in November 2026, including the Goldman Sachs CIO Tour on November 13, JM Financial India Xchange on November 16, and the J.P. Morgan APAC Technology Conference on November 16-17. The company clarified that no unpublished price-sensitive information will be shared at these engagements.
As of 06 Nov 2026, 03:30 pm
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Downward price movement of 2.55 standard deviations recorded on 2026-09-25.
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Latest complete financial results for Q2 FY27 and comparative quarterly trends.
| Metric | Q2 FY26 | Q1 FY27 | Q2 FY27(Latest) |
|---|---|---|---|
| Revenue From Operations | ₹2,061 crore | ₹2,448 crore | PEAK₹2,648 crore |
| Income | ₹2,283 crore | ₹2,630 crore | PEAK₹2,830 crore |
| Expenses | ₹2,062 crore | ₹2,383 crore | PEAK₹2,531 crore |
| Profit Before Exceptional Items And Tax | ₹221 crore | ₹247 crore | PEAK₹299 crore |
| Profit Before Tax | ₹31 crore | ₹247 crore | PEAK₹295 crore |
| Profit Loss For Period | ₹21 crore | ₹220 crore | PEAK₹225 crore |
| Tax Expense | ₹9 crore | ₹27 crore | PEAK₹67 crore |
| Basic Earnings Loss Per Share From Continuing And Discontinued Operations | ₹0.33 per share | ₹3.44 per share | PEAK₹3.52 per share |
| Diluted Earnings Loss Per Share From Continuing And Discontinued Operations | ₹0.32 per share | ₹3.4 per share | PEAK₹3.47 per share |
Revenue from operations rose 8% sequentially to ₹2,648 crore in Q2 FY2026-27 and increased 28% from the year-ago quarter. Profit before tax climbed 19% from Q1 to ₹295 crore, while profit for the period increased 2% to ₹225 crore as tax expense rose to ₹67 crore. Free cash flow was negative ₹811 crore, and cash and cash equivalents stood at ₹2,495 crore at 30 September 2026.
Income reached ₹2,830 crore, up 8% from ₹2,630 crore in Q1 FY2026-27. Expenses increased 6% to ₹2,531 crore from ₹2,383 crore. Revenue from operations rose from ₹2,061 crore in Q2 FY2025-26 to ₹2,648 crore in the current quarter, with increases in each quarter shown since then.
Profit before exceptional items and tax was ₹299 crore. Income exceeded expenses by ₹299 crore, before the exceptional item and tax.
Total assets were ₹24,438 crore at 30 September 2026, compared with ₹23,915 crore at 31 March 2026. Equity attributable to owners of the parent increased to ₹16,604 crore from ₹16,026 crore.
Non-current financial assets declined to ₹1,849 crore from ₹2,946 crore over the same period; non-current investments fell to ₹1,804 crore from ₹2,895 crore.
Paytm delivered sequential growth in revenue and pre-tax profit, but the higher tax expense limited the increase in profit for the period. Negative free cash flow and a lower cash-and-cash-equivalents balance are important counterpoints, while current investments and other bank balances were higher at quarter-end than at 31 March 2026.
Disclosed bulk and block transactions involving One 97 Communications, shown for the latest 90 days.
Exchange disclosures and regulatory announcements for One 97 Communications.
One 97 Communications Limited notified the exchanges on November 3, 2026 that it will participate in analysts’ and investors’ meetings and conferences during November 2026. The schedule is subject to change. The company stated that no unpublished price sensitive information is or will be shared at these meetings.
One 97 Communications Limited (PAYTM) filed an intimation with the NSE on November 3, 2026, regarding a schedule of institutional investor and analyst meetings. The filings disclose specific engagements including the Goldman Sachs CIO Tour 2027 in Delhi on November 13, 2026; JM Financial India Xchange 2026 in Mumbai on November 16, 2026; J.P. Morgan APAC Technology, Innovation and Growth Conference in Hong Kong on November 16-17, 2026; MS Twenty-Fifth Annual Asia Pacific Summit in Hong Kong on November 18, 2026; Avendus Spark Conference on November 18, 2026; and Kotak Midcap Conference 2026 on November 27, 2026. The company clarified that certain XBRL fields used placeholder dates or meeting types solely for validation purposes, while actual multi-day schedules were detailed in specific columns.
One 97 Communications Limited (PAYTM) filed the transcript of its earnings conference call for Q2 FY2027 (quarter ended September 30, 2026), conducted on October 27, 2026. Management confirmed profitability and a shift to an AI-first business model focused on small merchants. Key financial commentary included an expected ~700 crore INR incremental EBITDA from UPI MDR implementation at 2.5 bps on current GMV of 28 lakh crore INR. The company reported 28% revenue growth (30%+ excluding PIDF), rolled out 700,000 devices, and maintained net payment margins of 9 bps ex-UPI. Strategic updates included a board resolution for up to 500 crore INR investment in Paytm Cloud Technologies Limited for international ventures, a switch to non-DLG consumer loan distribution, and plans to monetize an AI platform for enterprises within one year.
One 97 Communications Limited (PAYTM) filed a routine disclosure with the NSE on October 30, 2026, regarding the upload of transcripts for an Analyst/Investor Meet. The call concluded on October 27, 2026, at 17:15:00, and the corresponding transcripts were uploaded to the company's investor relations website at 19:03:00 on October 30, 2026.
One 97 Communications Limited’s Board of Directors amended its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information at a meeting held on October 26, 2026. The company filed the amended Code under Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, and stated it would also be hosted on its website.
One 97 Communications Limited has informed the Exchange about Disclosure under Regulation 30 read with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Newspaper Publication - Financial Results for the quarter and half year ended September 30, 2026 |SUBJECT: Copy of Newspaper Publication
One 97 Communications Limited filed a disclosure with the NSE and BSE under Regulation 30 of the SEBI (LODR) Regulations, 2015, confirming that the audio/video recording of its earnings conference call for the quarter and half-year ended September 30, 2026, has been uploaded to the company's investor relations website. The conference call was conducted on October 27, 2026, from 03:45 p.m. to 05:15 p.m. IST.
One 97 Communications Limited (PAYTM) filed an announcement with the NSE regarding the video recording of an Analyst/Investor Meet. The company disclosed that the prior intimation for the earnings call was submitted to the exchange on 2026-10-14, the video recording concluded at 17:15:00 on 2026-10-27, and the recording was uploaded to the company website at 23:59:00 on the same date.
Recent market and company developments associated with One 97 Communications.
Samir Arora-backed Helios Mid Cap Fund added Aurobindo Pharma, Zetwerk, and PVR Inox to its portfolio in October while increasing stakes in Paytm, MCX, and 16 other stocks. The fund exited Park Medi World, expanded its holdings to 77 stocks across 23 sectors, and reported assets under management of Rs 2,421 crore as of October 31, 2026.
Venture Capital firm Ventura has identified Park Medi World, HDFC Bank, Paytm, Meesho, LG Electronics India, and Ather Energy as its Diwali stock picks for Samvat 2083, citing upside potential of up to 83.7% in some names. The brokerage's recommendations are based on factors such as aggressive expansion, improved balance sheets, structural e-commerce growth, and technology-led platform advantages. These selections come amid recent market volatility, with the BSE Sensex and Nifty 50 trading in green following four consecutive days of gains.
Motilal Oswal and Ventura have identified 16 stocks for Diwali 2026, projecting potential upside of up to 84% for the Samvat 20283 period. The selected equities include major entities such as HDFC Bank, Titan, and Paytm.
Morgan Stanley has upgraded One 97 Communications Ltd (Paytm) to Overweight, significantly raising its price target to Rs 1,950. This upgrade is driven by expectations of stronger execution in payments and financial services, leading to faster growth and improved profitability. The brokerage anticipates substantial revenue and EBITDA growth, further bolstered by potential changes to the UPI merchant discount rate framework.
Neutral One 97 Communications; target of Rs 1850: Motilal Oswal Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio Platforms Share Price Jio IPO Listing Price Cyclone Arnab Live Gold Price Akash Ambani Karnataka MLC Polls Israel exit polls HUL Q2 Results Prashant Kishor News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Finance more Home Loan
Morgan Stanley upgrades Paytm to overweight, raises target 35% to ₹1,950 on stronger earnings outlook and UPI-driven growth.
Paytm currently accounts for about 8.1% of UPI transaction volumes, behind PhonePe's 45.6% and Google Pay's 32.2%, according to September data from the National Payments Corporation of India.
Paytm has reported a substantial increase in revenue, demonstrating the success of its existing business model. The company's EBITDA has improved due to efficient cost control and a strong merchant franchise. Financial services have significantly contributed to revenue growth, highlighting the diversity of its business operations. Global brokerages support the view that UPI-MDR will enhance, rather than define, future profitability.
Comprehensive Section Breakdown for One 97 Communications
Strategic Vision: Facilitates digital payments and financial services for consumers and businesses.
• Extensive network of merchants and consumers utilizing its payment solutions.
• Integrated ecosystem of financial and transactional services.
Profit before exceptional items and tax increased 21% from ₹247 crore in Q1 FY2026-27. A negative exceptional item of ₹4 crore brought profit before tax to ₹295 crore, up 19% sequentially.
Tax expense rose to ₹67 crore from ₹27 crore in Q1, comprising ₹34 crore of current tax and ₹33 crore of deferred tax. Profit for the period was ₹225 crore, compared with ₹220 crore in Q1. Diluted EPS from continuing operations was ₹3.47, versus ₹3.40 in Q1.
Operating cash flow was ₹415 crore and investing cash flow was negative ₹1,226 crore, resulting in free cash flow of negative ₹811 crore. Financing cash flow was negative ₹23 crore.
Cash and cash equivalents were ₹2,495 crore at 30 September 2026, down from ₹3,285 crore at 31 March 2026. Current investments increased to ₹3,490 crore from ₹1,566 crore over the same period, while bank balances other than cash and cash equivalents rose to ₹10,219 crore from ₹9,740 crore.
Category: Consumer Tech
Provides a suite of digital payment and financial services including UPI, mobile payments, recharges, bill payments, travel and entertainment bookings, and financial products.
Key Products & Services: Paytm Money
Category: B2B Services
Offers solutions for merchants and businesses to accept payments online and offline, including QR codes, Soundbox devices, and POS systems.
Core Thesis: The integrated ecosystem allows various services to complement each other, with the core payments platform supporting a wide array of financial and transactional offerings.
• Consumer Payment and Financial Services: Offers UPI payments, mobile recharges, bill payments, travel bookings, and access to financial products like credit cards and loans. • Merchant Payment Solutions: Provides businesses with tools to accept digital payments through QR codes, Soundbox devices, and POS systems. • Financial Inclusion Mission: Aims to bring unserved and underserved Indians into the mainstream economy through accessible digital financial services.