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One 97 Communications Limited Q2 FY26 earnings call summary

NSE: PAYTM · BSE: 543396

Earnings call of 5 Nov 2025, summarised by AI from the filing.

Paytm reported improved net payment margin and further cut indirect costs, while guiding for range-bound indirect costs and highlighting AI as a revenue driver.

Key takeaways

  1. Net payment margin Improved sequentially, driven by payment processing margin and credit instruments.
  2. Indirect cost Expected to be range bound for the rest of the year.
  3. Postpaid Launched in September with a bank partner; numbers are early, tens of thousands.
  4. AI AI is a revenue line item, with agents for small businesses and subscription and inference fees.
  5. Travel headwind Travel industry headwind on a QoQ basis.

Original filing on BSE

One 97 Communications Limited Q1 FY27 results

As filed: Revenue ₹2,448 cr (+28% year on year), EBITDA ₹203 cr (+182% year on year), PAT ₹220 cr (+79% year on year), EBITDA margin 8.3% (+454 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹2,264 cr (+18% year on year), EBITDA ₹132 cr, PAT ₹183 cr, EBITDA margin 5.8% (+1,000 bps). Score 43 of 100, In line with trend. Revenue growth was in line with the company's own trend. EBITDA margin rose 1000 bps year on year. Other income 92% of PBT. Tax rate 6%. Profit fell 25% from last quarter. Share price after the results: −4.1% in 30 days (Nifty 500: −2.9%).
  • Q3 FY26: Revenue ₹2,194 cr (+20% year on year), EBITDA ₹156 cr, PAT ₹225 cr, EBITDA margin 7.1% (+1,000 bps). Score 39 of 100, Below trend. Revenue growth was below the company's own trend. EBITDA margin rose 1000 bps year on year. Other income 92% of PBT. Tax rate 2%. Share price after the results: −7.7% in 29 days (Nifty 500: +0.1%).
  • Q2 FY26: Revenue ₹2,061 cr (+24% year on year), EBITDA ₹141 cr, PAT ₹21.0 cr, EBITDA margin 6.8% (+1,000 bps). Score 54 of 100, In line with trend. Revenue growth was below the company's own trend. EBITDA margin rose 1000 bps year on year. Other income 716% of PBT. Revenue grew on the previous quarter, against its usual seasonal pattern. Share price after the results: +4.8% in 30 days (Nifty 500: +0.3%).
  • Q1 FY26: Revenue ₹1,918 cr (+28% year on year), EBITDA ₹72.0 cr, PAT ₹123 cr, EBITDA margin 3.8% (+1,000 bps). Score 50 of 100, In line with trend. Revenue growth was below the company's own trend. EBITDA margin rose 1000 bps year on year. Other income 191% of PBT. Tax rate 3%. Revenue grew on the previous quarter, against its usual seasonal pattern. Share price after the results: +18.5% in 30 days (Nifty 500: −0.8%).
  • Q4 FY25: Revenue ₹1,912 cr (−16% year on year), EBITDA −₹89.0 cr, PAT −₹545 cr, EBITDA margin -4.7% (+523 bps). Score 45 of 100, In line with trend. Revenue growth was below the company's own trend. EBITDA margin rose 523 bps year on year. Share price after the results: +15.5% in 30 days (Nifty 500: +4.5%).
  • Q3 FY25: Revenue ₹1,828 cr (−36% year on year), EBITDA −₹223 cr, PAT −₹209 cr, EBITDA margin -12.2% (−659 bps). Score 32 of 100, Below trend. Revenue growth was below the company's own trend. EBITDA margin fell 659 bps year on year. Profit fell 122% from last quarter.
  • Q2 FY25: Revenue ₹1,660 cr (+300% year on year), EBITDA −₹403 cr, PAT ₹930 cr, EBITDA margin -24.3% (−1,000 bps). Score 15 of 100, Below trend. EBITDA margin fell 1000 bps year on year. Tax rate 1%. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

One 97 Communications Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.