# One 97 Communications (PAYTM) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/paytm

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹1,794.4
- Change: +0.72%
- As of: 2026-11-06
- 1D return: +0.72%
- 5D return: +9.80%
- 1M return: +9.31%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

PAYTM (₹1794.40) is trading near the upper end of its recent ranges, sitting +93.9% above its 20-day low and +93.4% above its 52-week low. The technical setup presents a mixed signal: while the stock remains structurally bullish on weekly and monthly horizons—with price holding above all key moving averages and Supertrend indicators—the daily chart shows divergence. On the daily timeframe, price is below the Supertrend indicator despite being above major moving averages, and the ADX of 21.22 suggests trend strength is developing rather than established. This indicates a potential consolidation or short-term pullback within a broader uptrend. Momentum has been strong recently, with returns of +61.6% over six months and +38.9% year-to-date, but current volatility (ATR 3.48%) and a -3.0% drawdown highlight near-term risk. Immediate resistance lies at ₹1816.37 (+1.22%), while support is found at ₹1774.23 (-1.12%).

- Trend Divergence: Weekly and monthly trends are bullish (price above Supertrend), but the daily trend is bearish (price below Supertrend) with developing momentum (ADX 21.22).
- Range Position: Trading near multi-period highs (+93.9% in 20-day range, +93.4% in 52-week range), suggesting limited upside cushion against immediate corrections.
- Key Levels: Monitor ₹1816.37 for breakout confirmation; downside risk begins at ₹1774.23, with deeper support at ₹1739.47.
- Volatility & Risk: Annualized volatility stands at +40.3% with an ATR of 3.48%; current drawdown is -3.0%, reflecting recent price softness from highs.

- Morning Star
- Harami
- Inside Bar

### Official Filings

One 97 Communications Limited (PAYTM) disclosed material developments in late October and early November 2026, centering on its Q2 FY2027 earnings strategy and capital structure adjustments. Management confirmed a shift to an AI-first business model targeting small merchants and highlighted expected incremental EBITDA of approximately ₹700 crore from UPI MDR implementation at 2.5 bps on current GMV of ₹28 lakh crore. The company also reported 28% revenue growth and plans to monetize an enterprise AI platform within one year. Concurrently, the board approved up to ₹500 crore for international ventures via Paytm Cloud Technologies Limited and noted a strategic switch to non-DLG consumer loan distribution. On the corporate governance front, the Nomination and Remuneration Committee granted 1,93,072 stock options at ₹9 per option and allotted 2,69,796 shares, increasing issued share capital from 64,21,07,701 to 64,23,77,497 shares. Following these results, the company has scheduled multiple analyst and institutional investor meetings through November 2026, including engagements with Goldman Sachs, J.P. Morgan, and domestic brokers.

- Financial & Strategic Shift: Management confirmed profitability and an AI-first focus for small merchants, citing expected ~₹700 crore incremental EBITDA from UPI MDR (2.5 bps on ₹28 lakh crore GMV) and 28% revenue growth.
- Capital Allocation & Governance: Board approved up to ₹500 crore investment in Paytm Cloud Technologies Limited for international ventures; issued share capital increased to 64,23,77,497 shares following ESOP grants (₹9 exercise price) and allotments.
- Investor Engagement: Company scheduled analysts/institutional meetings for November 2026, including Goldman Sachs CIO Tour (Nov 13), JM Financial India Xchange (Nov 16), J.P. Morgan APAC Conference (Nov 16-17), and Kotak Midcap Conference (Nov 27).

- [One 97 Communications Limited has informed the Exchange about Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Schedule of Analysts and Investors Meetings/ Conferences |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/PAYTM_03112026173835_SEDisclosureScheduleofAnalystsandInvestorsMeetingsConferencesNov2026sd.pdf)
- [One 97 Communications Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19784_WebXMLFile_20261103_210300916.xml)
- [One 97 Communications Limited has informed the Exchange about Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Transcript of the earnings conference call conducted on October 27, 2026. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/PAYTM_30102026193745_SEDisclosureEarningsCallTranscriptFinalQ2FY2027sd.pdf)
- [One 97 Communications Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19784_WebXMLFile_20261030_195613745.xml)
- [One 97 Communications Limited has informed the Exchange regarding 'Disclosure under Regulation 8(2) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015- Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/PAYTM_27102026161608_SEDisclosureCodeofPracticesandProceduresforFairDisclosuresd.pdf)
- [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](https://nsearchives.nseindia.com/corporate/PAYTM_27102026162134_SEDisclosureReg30NewspaperAdvertisementsd.pdf)
- [One 97 Communications Limited has informed the Exchange about Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Audio/Video recording of the Earnings Conference Call dated October 27, 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/PAYTM_28102026002419_Reg30EarningsConferenceCallPresentationAudioVideoRecordingLinksd.pdf)
- [One 97 Communications Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19784_WebXMLFile_20261028_003254147.xml)
- [One 97 Communications Limited has informed the Exchange regarding Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015- Grant of 1,93,072 Stock Options under One 97 Employees Stock Option Scheme 2019 |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/PAYTM_26102026201246_Reg30GrantofOptionsandAllotmentsd.pdf)
- [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 2,69,796 equity shares pursuant to exercise of stock options under One 97 Employees Stock Option Scheme 2019 |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/PAYTM_26102026201617_Reg30GrantofOptionsandAllotmentsd.pdf)

### Fundamentals

One 97 Communications (PAYTM) demonstrates a clear trajectory toward operational profitability in Q2 FY2026-27, with Revenue from Operations rising 28% year-on-year to ₹2,648 crore. Operating Profit turned positive at ₹267 crore for the quarter, up from ₹140 crore in Q2 FY2025-26, while Net Profit reached ₹225 crore. Despite this progress, earnings quality remains a concern; Cash from Operating Activity was negative ₹743 crore for the full year ended March 2026, and the CFO/EBITDA ratio swung to -142%, indicating that reported profits are not yet converting into cash. The balance sheet shows increased leverage, with Borrowings rising to ₹256 crore as of September 2026, though Fixed Assets also grew significantly to ₹1,123 crore. Shareholding patterns reveal a notable shift, with DIIs increasing their stake to 29.51% while FIIs reduced theirs to 43.52%. The most critical checkpoint is whether operating cash flows can turn positive in subsequent quarters to support the growing asset base and debt levels.

- Q2 FY2026-27 Revenue from Operations grew 28% YoY to ₹2,648 crore, with Operating Profit turning positive at ₹267 crore.
- Cash conversion remains weak: CFO for Mar 2026 was negative ₹743 crore, and CFO/EBITDA ratio stood at -142%.
- Borrowings increased to ₹256 crore as of Sep 2026, while Fixed Assets rose to ₹1,123 crore, signaling capital expansion.
- DIIs increased holdings to 29.51% in Sep 2026, offsetting FII reduction to 43.52%.

### FAQs

**What recent financial developments has One 97 Communications reported for Q2 FY2027?**

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.

**How is One 97 Communications adjusting its business strategy and investments?**

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.

**What are the key technical levels and performance metrics for PAYTM as of November 6, 2026?**

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.

**What upcoming events should investors monitor regarding analyst engagement?**

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.

- [Diwali stock picks, Samvat 2083: Park Medi, HDFC, Paytm, Meesho, Ather among Ventura picks- Which offers highest upside?](https://www.livemint.com/market/stock-market-news/diwali-stock-picks-samvat-2083-park-medi-hdfc-paytm-meesho-ather-among-ventura-picks-which-offers-highest-upside-11793775881503.html)
- [Diwali stock picks 2026: Motilal Oswal, Ventura bet on 16 stocks with up to 84% upside for Samvat 20283; HDFC Bank, Titan, Paytm and more](https://www.moneycontrol.com/news/business/markets/diwali-stock-picks-2026-motilal-oswal-ventura-bet-on-16-stocks-with-up-to-84-upside-for-samvat-20283-hdfc-bank-titan-paytm-and-more-14069055.html)
- [One 97 Communications Limited has informed the Exchange about Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Schedule of Analysts and Investors Meetings/ Conferences |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/PAYTM_03112026173835_SEDisclosureScheduleofAnalystsandInvestorsMeetingsConferencesNov2026sd.pdf)
- [One 97 Communications Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19784_WebXMLFile_20261103_210300916.xml)
- [One 97 Communications Limited has informed the Exchange about Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Transcript of the earnings conference call conducted on October 27, 2026. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/PAYTM_30102026193745_SEDisclosureEarningsCallTranscriptFinalQ2FY2027sd.pdf)
- [One 97 Communications Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19784_WebXMLFile_20261030_195613745.xml)
- [One 97 Communications Limited has informed the Exchange regarding 'Disclosure under Regulation 8(2) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015- Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/PAYTM_27102026161608_SEDisclosureCodeofPracticesandProceduresforFairDisclosuresd.pdf)
- [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](https://nsearchives.nseindia.com/corporate/PAYTM_27102026162134_SEDisclosureReg30NewspaperAdvertisementsd.pdf)
- [One 97 Communications Limited has informed the Exchange about Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Audio/Video recording of the Earnings Conference Call dated October 27, 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/PAYTM_28102026002419_Reg30EarningsConferenceCallPresentationAudioVideoRecordingLinksd.pdf)
- [One 97 Communications Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19784_WebXMLFile_20261028_003254147.xml)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Moderate Uptrend
- Pivot point: ₹1,774.23
- Risk regime: Price Risk Requires Attention

### Support levels
- 1624.4
- 1588.3000000000002
- 1552.55

### Resistance levels
- 1855.5
- 1816.3666666666668
- 1851.1333333333334

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.72% |
| return_10 | +11.03% |
| return_1m | +5.93% |
| return_1y | +35.88% |
| return_20 | +9.31% |
| return_3m | +24.44% |
| return_5 | +9.80% |
| return_6m | +61.57% |
| return_since_start | +81.69% |
| return_ytd | +38.92% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -32.64% |
| annualized_volatility | +40.32% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# One 97 Communications Limited Q2 FY2026-27: Revenue up 28% year on year

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.

## Revenue growth and expenses

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.

## Profitability and tax

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.

## Cash flow and liquidity

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.

## Balance sheet

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.

## Key Takeaway

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.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +0.00%
- FII holding: +25.09%
- DII holding: +29.51%
- Mutual fund holding: +21.17%
- Retail holding: +8.09%
- Promoter pledged: +0.00%

### Major reported shareholders

- Vijay Shekhar Sharma — +9.02%
- Resilient Asset Management B V — +7.19%
- Saif Iii Mauritius Company Limited — +7.01%
- Motilal Oswal Midcap Fund — +5.14%
- Axis Trustee Services Limited — +4.83%
- Saif Partners India Iv Limited — +2.98%
- Tata Aia Life Insurance Co Ltd-Whole Life Mid Cap Equity Fund-Ulif 009 04/01/07 Wle 110 — +2.17%
- Kotak Mahindra Trustee Co Ltd A/C Kotak Multicap Fund — +2.13%
- Sbi Life Insurance Co. Ltd — +1.74%
- Mirae Asset Large Cap Fund — +1.67%

## Official filings

- 2026-11-03 — Generic Announcement: One 97 Communications Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PAYTM_03112026173835_SEDisclosureScheduleofAnalystsandInvestorsMeetingsConferencesNov2026sd.pdf)
- 2026-11-03 — Generic Announcement: One 97 Communications Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19784_WebXMLFile_20261103_210300916.xml)
- 2026-10-30 — Generic Announcement: One 97 Communications Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PAYTM_30102026193745_SEDisclosureEarningsCallTranscriptFinalQ2FY2027sd.pdf)
- 2026-10-30 — Generic Announcement: One 97 Communications Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19784_WebXMLFile_20261030_195613745.xml)
- 2026-10-27 — Generic Announcement: One 97 Communications Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PAYTM_27102026161608_SEDisclosureCodeofPracticesandProceduresforFairDisclosuresd.pdf)
- 2026-10-27 — Generic Announcement: One 97 Communications Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PAYTM_27102026162134_SEDisclosureReg30NewspaperAdvertisementsd.pdf)
- 2026-10-27 — Generic Announcement: One 97 Communications Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PAYTM_28102026002419_Reg30EarningsConferenceCallPresentationAudioVideoRecordingLinksd.pdf)
- 2026-10-27 — Generic Announcement: One 97 Communications Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19784_WebXMLFile_20261028_003254147.xml)
- 2026-10-26 — Generic Announcement: One 97 Communications Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PAYTM_26102026201246_Reg30GrantofOptionsandAllotmentsd.pdf)
- 2026-10-26 — Generic Announcement: One 97 Communications Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PAYTM_26102026201617_Reg30GrantofOptionsandAllotmentsd.pdf)
- 2026-10-26 — Generic Announcement: One 97 Communications Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PAYTM_26102026205445_SEDisclosureReg30EarningRelease.pdf)
- 2026-10-26 — Generic Announcement: One 97 Communications Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PAYTM_26102026205147_OutcomeofBMOctober262026sd.pdf)
- 2026-10-26 — Generic Announcement: One 97 Communications Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PAYTM_26102026211823_OutcomeofBMOctober262026sd.pdf)
- 2026-10-26 — Generic Announcement: One 97 Communications Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PAYTM_26102026212523_OutcomeofBMOctober262026sd.pdf)
- 2026-10-26 — Generic Announcement: One 97 Communications Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PAYTM_26102026212036_OutcomeofBMOctober262026sd.pdf)
- 2026-10-26 — Generic Announcement: One 97 Communications Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PAYTM_26102026212756_OutcomeofBMOctober262026sd.pdf)
- 2026-10-26 — Generic Announcement: One 97 Communications Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_19784_WebXMLFile_20261026_214138675.xml)
- 2026-10-26 — Generic Announcement: One 97 Communications Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_19784_WebXMLFile_20261026_214306209.xml)
- 2026-10-26 — Generic Announcement: One 97 Communications Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_19784_WebXMLFile_20261026_221124604.xml)
- 2026-10-26 — Generic Announcement: One 97 Communications Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_19784_WebXMLFile_20261026_220956796.xml)
- 2026-10-26 — Generic Announcement: One 97 Communications Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PAYTM_26102026221544_SEDisclosureMonitoringAgencyReportsd.pdf)
- 2026-10-26 — Generic Announcement: One 97 Communications Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PAYTM_26102026223004_SEDisclosureClosureofBoardmeetingsd.pdf)
- 2026-10-26 — Generic Announcement: One 97 Communications Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_19784_WebXMLFile_20261026_224036640.xml)
- 2026-10-26 — Financial Results Filing: One 97 Communications Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1746347_26102026105228_WEB.xml)
- 2026-10-26 — Financial Results Filing: One 97 Communications Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1746348_26102026105317_WEB.xml)

## News and market events

- 2026-11-07 — Economic Times: **Samir Arora backed Helios Mid Cap Fund adds Aurobindo Pharma, 2 others, increase stake in Paytm, MCX and 16 others** — 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. — [Source](https://economictimes.indiatimes.com/mf/analysis/samir-arora-backed-helios-mid-cap-fund-adds-aurobindo-pharma-2-others-increase-stake-in-paytm-mcx-and-16-others/articleshow/135631989.cms)
- 2026-11-04 — Mint: **Diwali stock picks, Samvat 2083: Park Medi, HDFC, Paytm, Meesho, Ather among Ventura picks- Which offers highest upside?** — 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. — [Source](https://www.livemint.com/market/stock-market-news/diwali-stock-picks-samvat-2083-park-medi-hdfc-paytm-meesho-ather-among-ventura-picks-which-offers-highest-upside-11793775881503.html)
- 2026-11-04 — MONEYCONTROL: **Diwali stock picks 2026: Motilal Oswal, Ventura bet on 16 stocks with up to 84% upside for Samvat 20283; HDFC Bank, Titan, Paytm and more** — 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. — [Source](https://www.moneycontrol.com/news/business/markets/diwali-stock-picks-2026-motilal-oswal-ventura-bet-on-16-stocks-with-up-to-84-upside-for-samvat-20283-hdfc-bank-titan-paytm-and-more-14069055.html)
- 2026-10-28 — REDIFF.COM: **Morgan Stanley Upgrades Paytm, Sees Significant Upside** — 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. — [Source](https://www.rediff.com/business/report/morgan-stanley-turns-bullish-on-paytm-raises-target/20261028.htm)
- 2026-10-28 — MONEYCONTROL: **Neutral One 97 Communications; target of Rs 1850: Motilal Oswal** — 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 — [Source](https://www.moneycontrol.com/news/business/neutral-one-97-communications-target-of-rs-1850-motilal-oswal-14062357.html)
- 2026-10-28 — The Hindu: **Morgan Stanley turns bullish on Paytm, raises target 35% to ₹1,950 on earnings upside** — Morgan Stanley upgrades Paytm to overweight, raises target 35% to ₹1,950 on stronger earnings outlook and UPI-driven growth. — [Source](https://www.thehindubusinessline.com/markets/morgan-stanley-turns-bullish-on-paytm-raises-target-35-to-1950-on-earnings-upside/article71634940.ece)
- 2026-10-27 — Economic Times: **Paytm UPI market share: Paytm targets one-third UPI market share as Sharma steps up consumer acquisition - The Economic Times** — 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. — [Source](https://economictimes.indiatimes.com/tech/technology/paytm-targets-one-third-upi-market-share-as-sharma-steps-up-consumer-acquisition/articleshow/135236983.cms)
- 2026-10-27 — Economic Times: **UPI-MDR an additional earnings opportunity, not Paytm's business model foundation: Brokerages** — 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. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/upi-mdr-an-additional-earnings-opportunity-not-paytms-business-model-foundation-brokerages/articleshow/135232857.cms)
- 2026-10-27 — The Hindu: **Paytm profitability driven by existing business as UPI-MDR offers additional upside** — Paytm's Q2 FY27 revenue rose 28% to ₹2,648 crore and EBITDA reached ₹270 crore, while brokerages see proposed UPI-MDR as additional earnings upside. — [Source](https://www.thehindubusinessline.com/markets/stock-markets/paytm-expects-upi-mdr-to-boost-earnings-but-existing-business-already-profitable/article71631143.ece)
- 2026-10-27 — REDIFF.COM: **Why Goldman Sachs Sees Paytm Valuation Re-Rating** — Global brokerage Goldman Sachs has maintained its 'Buy' rating on Paytm, revising its 12-month price target to Rs 2,010. The brokerage anticipates a valuation re-rating for the fintech company, driven by sustained revenue growth, expanding margins, and continuous market share gains, particularly in consumer payments and financial services. Despite flagging higher device capital expenditure, Goldman Sachs remains positive on Paytm's underlying business momentum and future earnings potential. — [Source](https://www.rediff.com/business/report/goldman-sachs-sees-significant-re-rating-potential-for-paytm/20261027.htm)
- 2026-10-27 — The Hindu: **Paytm’s customer and merchant base underpin long-term profitability: Citi** — Paytm’s September quarter performance and expanding payments network have strengthened Citi’s earnings outlook, with financial services emerging as a key growth driver — [Source](https://www.thehindubusinessline.com/markets/stock-markets/paytms-customer-and-merchant-base-underpin-long-term-profitability-citi/article71630552.ece)
- 2026-10-27 — Economic Times: **Paytm has proven the resilience of its merchant-led model: JP Morgan - The Economic Times** — In its latest report titled "First Take: All-round beat", JP Morgan said Paytm's focus on its merchant franchise and sharp cost control following the resolution of regulatory restrictions has helped the company achieve EBIT breakeven, proving the resilience of its merchant-led model. — [Source](https://economictimes.indiatimes.com/tech/startups/paytm-has-proven-the-resilience-of-its-merchant-led-model-jp-morgan/articleshow/135228593.cms)
- 2026-10-27 — IANSLIVE.IN: **Paytm’s merchant expansion eases concerns over rising competition: Bernstein** — New Delhi, Oct 27 (IANS) Paytm's continued expansion in merchant payments is easing concerns over rising competition in India's digital payments market, according to global brokerage Bernstein, which has maintained its 'Outperform' rating on the fintech company with a target price of Rs 2,200. — [Source](https://ianslive.in/paytms-merchant-expansion-eases-concerns-over-rising-competition-bernstein--20261027132311)
- 2026-10-27 — FREEPRESSJOURNAL.IN: **FPJ Quick Take At 12 PM: 'Cyclone Arnab Intensifies Into Very Severe Cyclonic Storm, Paytm Q2 Booms'; Your Daily Noon Guide To Top News Headlines** — Delivering fast, unbiased reporting on Mumbai, national politics, global affairs, market trends, entertainment and lifestyle so you can understand the stories that made your day so far — [Source](https://www.freepressjournal.in/india/fpj-quick-take-at-12-pm-cyclone-arnab-intensifies-into-very-severe-cyclonic-storm-paytm-q2-booms-27-october-2026)
- 2026-10-27 — The Hindu: **Q2 Results Today Live: L&T, Maruti Suzuki, Bajaj Auto, Cipla, Vedanta Iron, Waaree Energies, Mazagon Dock, ACC, SAIL, SBI Life, Tata Capital, Star Health, Honeywell Automation, ABDL to announce Q2 results, Aequs stock crashes 19% after Q2** — Stay tuned to businessline for more business, financial and stock market news. — [Source](https://www.thehindubusinessline.com/markets/q2-results-today-live-updates-lampt-maruti-suzuki-bajaj-auto-tata-steel-vedanta-iron-waaree-acc-sail-sbi-star-health-mazagon-dock-cipla-united-breweries-ather-paytm-tata-consumer-results-27-october-20/article71626455.ece)
- 2026-10-27 — CNBC-TV18: **Markets may stabilise in coming months; Paytm, defence stocks among top picks: Marketsmith India** — Marketsmith India's Mayuresh Joshi expects Paytm to benefit from proposed MDR changes, saying they could improve revenue growth, margins and cash flows. He also sees Pine Labs gaining from the policy. What could MDR mean for India's payment companies? — [Source](https://www.cnbctv18.com/market/mayuresh-joshi-paytm-solar-industries-zen-technologies-market-analysts-crude-oil-prices-geopolitical-tensions-defence-stocks-alpha-article-20020008.htm)
- 2026-10-27 — Mint: **Paytm, Vodafone Idea, ITC Hotels, Sona BLW to Tata Consumer shares: Jefferies sees up to 34% upside | Target, rationale** — Jefferies India stock recommendations: The global investment bank has given its views on above-mentioned 5 shares after analysing their fundamentals — [Source](https://www.livemint.com/market/stock-market-news/paytm-vodafone-idea-itc-hotels-sona-blw-to-tata-consumer-shares-jefferies-sees-up-to-34-upside-target-rationale-11793071569997.html)
- 2026-10-27 — Economic Times: **VerSe valuation sinks; Paytm Q2 profit rises** — Happy Tuesday! Dailyhunt parent VerSe Innovations valuation has taken a sharp hit. This and more in todays ETtech Morning Dispatch. — [Source](https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/verse-valuation-sinks-paytm-q2-profit-rises/articleshow/135222642.cms)
- 2026-10-27 — Mint: **Indian shares seen lower as oil stays near six-month high, Fed in focus** — The Nifty 50 and BSE Sensex rose 0.7% on Monday, snapping a four-session losing streak, helped by post-earnings gains in select stocks. — [Source](https://www.livemint.com/market/indian-shares-seen-lower-as-oil-stays-near-six-month-high-fed-in-focus-11793068880920.html)
- 2026-10-27 — Mint: **Top stocks to watch today:  L&T, Maruti Suzuki, Paytm, REC shares in focus on Tuesday, 27 Oct | Full list** — Top stocks to watch today: Larsen & Toubro, Maruti Suzuki, Paytm, DCM Shriram, Tata Consumer among shares in focus on Tuesday. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-l-t-maruti-suzuki-paytm-rec-shares-in-focus-on-tuesday-27-oct-full-list-11793064919143.html)
- 2026-10-27 — Economic Times: **D-St set for a negative opening as GIFT Nifty signals weak start** — Benchmark Nifty gained on Monday, while broader markets also rallied amid ongoing geopolitical tensions. Analysts suggest that Indian stock markets will trade sideways until there is greater clarity on global developments. Foreign portfolio investors net sold shares, while domestic institutional investors were net buyers. The rupee depreciated for the third consecutive day, influenced by elevated crude oil prices. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/pre-market-action-heres-the-trade-setup-for-todays-session/articleshow/135217191.cms)
- 2026-10-27 — The Hindu: **Stock Market Today Highlights, October 27: Stock markets end largely unchanged amid elevated crude oil prices, selling in bank stocks** — Sensex Today, Nifty 50 | Stock Market Highlights: Find here all the Highlights related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 27th October 2026. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-highlights-27-october-2026/article71626702.ece)
- 2026-10-27 — Times of India: **Paytm net profit rises over 10-fold to Rs 225cr in Q2** — NEW DELHI: One 97 Communications, the parent company that operates the brand Paytm, reported an over 10-fold rise in profit after tax to Rs 225 crore in — [Source](https://timesofindia.indiatimes.com/business/india-business/paytm-net-profit-rises-over-10-fold-to-rs-225cr-in-q2/articleshow/135222184.cms)
- 2026-10-26 — Economic Times: **Paytm Q2 profit: Paytm’s Q2 profit jumps 10-fold to Rs 225 crore, revenue up 28% - The Economic Times** — Revenue growth was in line with brokerage estimates, but net profit fell short of expectations. Brokerages had projected operating revenue of Rs 2,575-2,641 crore, up 25-28% year-on-year, and net profit of Rs 271-279 crore for the second quarter of FY27. Paytm shares ended 2.7% higher at Rs 1,655 on the BSE on Monday. The results were announced after market hours. — [Source](https://economictimes.indiatimes.com/tech/technology/paytms-q2-profit-jumps-10-fold-to-rs-225-crore-revenue-up-28/articleshow/135215374.cms)
- 2026-10-26 — CNBC-TV18: **Paytm Q2 Results: Net profit jumps over 10-fold to ₹226 crore, revenue surges 29%** — Paytm reported a net profit of ₹226 crore for the second quarter, compared with ₹21 crore a year ago. Revenue increased 28.5% year-on-year to ₹2,648 crore, while group EBITDA rose 91.5% to ₹270 crore and the EBITDA margin expanded to 10.2% from 6.8%. — [Source](https://www.cnbctv18.com/market/stocks/paytm-q2-results-net-profit-jumps-over-10-fold-to-%25e2%2582%25b9226-crore-revenue-surges-29-20019761.htm)

## Business profile

**Strategic vision:** Facilitates digital payments and financial services for consumers and businesses.

### Business segments
- **Consumer Services:** Provides a suite of digital payment and financial services including UPI, mobile payments, recharges, bill payments, travel and entertainment bookings, and financial products.
- **Business Services:** Offers solutions for merchants and businesses to accept payments online and offline, including QR codes, Soundbox devices, and POS systems.

### Competitive strengths
- Extensive network of merchants and consumers utilizing its payment solutions.
- Integrated ecosystem of financial and transactional services.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/paytm
Markdown representation: https://faxioms.com/stocks/paytm?render=md