Loading current stock analysis…
Loading current stock analysis…
India
As of 18 Sept 2026, 03:30 pm
Effective October 15, 2026, a 0.4% MDR will apply to eligible person-to-merchant (P2M) UPI transactions exceeding ₹2,000. Paytm's CEO, Vijay Shekhar Sharma, stated that this change is expected to significantly increase the company's revenue and profitability for its merchant business, while UPI payments for customers will remain free. The eventual benefits will depend on how the MDR is distributed.
At the 26th Annual General Meeting on September 15, 2026, shareholders approved the financial statements for the year ended March 31, 2026, and re-appointed director Ravi Chandra Adusumalli. The meeting also approved a revision in remuneration for Managing Director Vijay Shekhar Sharma and other directors. Additionally, shareholders authorized amendments to the One 97 Employees Stock Option Scheme 2019 and approved a variation in the objects and timeline for utilizing Initial Public Offering proceeds.
As of September 18, 2026, the daily, weekly, and monthly technical trends for One 97 Communications are indicated as bullish. The SuperTrend indicator is 'bullish' across all these timeframes, with the daily SuperTrend at ₹1601.97, weekly at ₹1425.85, and monthly at ₹1100.37. The closing price on this date was ₹1849.9.
As of September 18, 2026, One 97 Communications (Paytm) has shown varied returns across different periods. The stock returned 5% in the last day, 20% over 10 days, 13% over 20 days, 20% in the last month, 69% in the last three months, and 72% in the last six months. The year-to-date return was 43%, and the return since the start of trading was 87%. The return over the last year was 50%.
As of 18 Sept 2026, 03:30 pm
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price swings are higher than typical
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | PEAK₹2,448 crore | ₹2,264 crore | ₹2,194 crore | ₹2,061 crore | ₹1,917.50 crore |
| Expenses | PEAK₹2,383 crore | ₹2,269 crore | ₹2,175 crore | ₹2,062 crore | ₹2,016.10 crore |
| Profit Before Exceptional Items And Tax | PEAK₹247 crore | ₹173 crore | ₹231 crore | ₹221 crore | ₹142.80 crore |
| Profit Before Tax | PEAK₹247 crore | ₹194 crore | ₹231 crore | ₹31 crore | ₹126.10 crore |
| Finance Costs | PEAK₹7 crore | ₹5 crore | ₹4 crore | ₹5 crore | ₹4 crore |
| Basic Earnings Loss Per Share From Continuing Operations | ₹3.44 per share | ₹2.87 per share | PEAK₹3.52 per share | ₹0.33 per share | ₹1.92 per share |
In the first quarter of FY2026-27, Paytm reported higher revenue from operations, which grew at a faster pace than total expenses. This led to a rise in net profit and improved profit margins compared to both the previous quarter and the same quarter a year ago.
Revenue from operations was ₹2,448 crore, up 8.13% from ₹2,264 crore in Q4 FY2025-26 and 27.67% from ₹1,917.5 crore in Q1 FY2025-26. Total expenses amounted to ₹2,383 crore, a 5.02% sequential increase from ₹2,269 crore and an 18.2% year-on-year rise from ₹2,016.1 crore. The revenue growth of 8.13% compared to expense growth of 5.02% widened the gap between the two, supporting higher profit.
Tax expense was ₹27 crore, entirely current tax, with no deferred tax recognised during the quarter. This represents an effective tax rate of about 10.9% on pre-tax profit of ₹247 crore, up from lower rates in earlier quarters. Other comprehensive income (net of tax) was a loss of ₹2 crore, bringing comprehensive income for the period to ₹218 crore.
Basic earnings per share was ₹3.44, and diluted EPS was ₹3.40. Both figures rose from ₹2.87 and ₹2.83 in the preceding quarter. The paid-up equity share capital remained at ₹64 crore, with a face value of ₹1 per share.
Paytm’s first quarter of FY2026-27 saw revenue growth outpace expense growth, boosting net profit and expanding profit margins. The company’s earnings were well above its finance costs, and EPS increased from the prior quarter.
Exchange disclosures and regulatory announcements for One 97 Communications.
One 97 Communications Limited (Paytm) held its 26th Annual General Meeting on September 15, 2026, where shareholders passed nine resolutions including the adoption of financial statements for the year ended March 31, 2026, and the re-appointment of director Ravi Chandra Adusumalli. The meeting approved a revision in remuneration for Managing Director Vijay Shekhar Sharma, appointed or re-approved remuneration for directors Narasinganallore Venkatesh Srinivasan, Sachee Trivedi, and Amitabh Kumar Singhal, and authorized amendments to the One 97 Employees Stock Option Scheme 2019 with 91.69% approval. Additionally, shareholders consented to a variation in the objects and timeline for utilizing Initial Public Offering proceeds, receiving 91.69% support.
One 97 Communications Limited has informed the Exchange regarding Proceedings of the 26th Annual General Meeting of the Company |SUBJECT: Shareholders meeting
On September 15, 2026, One 97 Communications Limited disclosed that the National Payments Corporation of India (NPCI) introduced a Merchant Discount Rate (MDR) of up to 0.4% on Unified Payments Interface (UPI) Person-to-Merchant transactions exceeding ₹2,000 via Circular NPCI/UPI/OC-No.237/2026-27. This regulatory change, effective October 15, 2026, will generate additional revenue for the company's merchant business while UPI payments for customers remain free of charge.
One 97 Communications Limited has informed the Exchange about Change in regulatory framework (Sub-para 7-Para B) |SUBJECT: Change in regulatory framework (Sub-para 7-Para B)
One 97 Communications Limited clarified on September 9, 2026, that its ongoing investment in artificial intelligence capabilities, including a potential 'revenue optimization journey of AI' previously disclosed in Q1 FY 27 earnings materials, does not constitute a new material event requiring immediate disclosure under SEBI regulations. The company responded to a Bloomberg India article titled 'Paytm Bets on Workplace AI Agents in Pivot Beyond Payments' by confirming these initiatives are part of existing business strategies rather than undisclosed information. Company Secretary Sunil Kumar Bansal signed the filing to confirm compliance with listing obligations and noted the disclosure would be hosted on the company's investor relations website.
One 97 Communications Limited has informed the Exchange regarding Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Allotment of 4,74,714 equity shares pursuant to exercise of stock options under One 97 Employees Stock Option Scheme 2019 |SUBJECT: ESOP/ESOS/ESPS
One 97 Communications Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL
One 97 Communications Limited has informed the Exchange about Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Newspaper Advertisement regarding completion of dispatch of Notice of 26th Annual General Meeting ( AGM ) of Members of the Company and the Annual Report for financial year 2025-26along with other related information |SUBJECT: Copy of Newspaper Publication
Recent market and company developments associated with One 97 Communications.
Paytm could benefit from the new UPI merchant discount rate (MDR) framework through its presence across both consumer and merchant payments, with brokerages estimating a sizeable revenue opportunity and sharply raising their earnings estimates for the company.
New Delhi, Sep 18 (IANS) Global brokerage Bernstein has raised its earnings estimates for Paytm after the final UPI merchant discount rate framework came in better than expected, pointing to sharper monetisation of the company's payments business across both the consumer and merchant sides.
Effective 15 October, a 0.4% MDR will apply to eligible person-to-merchant (P2M) UPI transactions above ₹2,000, subject to a ₹300 cap, and concessional rates for specified sectors. But the eventual benefits accruing to Paytm will depend on how MDR is distributed, among others.
Stocks to buy, Stock picks, Stocks to trade, trading views, Tata Chemicals, One 97 Communications, Paytm, Kalyan Jewellers India, Tata Chemicals shares, Paytm shares, Kalyan Jewellers shares, Tata Chemicals share price, Paytm share price, Kalyan Jewellers share price, Tata Chemicals stock price, Paytm stock price, Kalyan Jewellers stock price, Tata Chemicals target price, Paytm target price, Kalyan Jewellers target price
Happy Thursday! The return of MDR is set to change UPI's market share game. This and more in today's ETtech Morning Dispatch.
Paytm CEO Vijay Shekhar Sharma stated that the government's new Merchant Discount Rate (MDR) on large-value UPI transactions will significantly increase the company's revenue and profitability. The 0.4% fee on UPI transfers exceeding Rs 2,000 to merchants, effective October 15, is expected to give Paytm a competitive edge. Sharma also highlighted the company's focus on generating free cash flow, expanding internationally, and developing proprietary artificial intelligence capabilities to drive f...
The government has introduced a 0.4% fee on UPI transfers exceeding Rs 2,000 to merchants from October 15, while explicitly ring-fencing everyday person-to-person transactions as well as small payments from any charge.
Paytm shares, KRN Heat Exchanger shares, Ather Energy shares, Vishal Mega Mart shares, Paytm stock, KRN Heat Exchanger stock, Ather Energy stock, Vishal Mega Mart stock, stock market, share market, entry levels, target price, stop loss, technical analysis, Akshay Bhagwat, JM Financial Services
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.
Net profit for the quarter was ₹220 crore, a 20.22% increase from ₹183 crore in the previous quarter and a 79.59% increase from ₹122.5 crore in the year-ago quarter. The net profit margin improved to 8.99% from approximately 6.4% a year earlier.
EBITDA (earnings before interest, tax, depreciation, and amortisation) stood at ₹385 crore, translating to an EBITDA margin of 15.73% of revenue from operations. The interest coverage ratio (EBIT divided by finance costs) was 36.29, with EBIT of ₹254 crore and finance costs of ₹7 crore. This indicates that earnings are substantially larger than finance costs.
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.