Global brokerages including Bernstein, Goldman Sachs, Citi and Jefferies retained bullish ratings on One 97 Communications, Paytm’s parent company. The upbeat stance follows March quarter results coming in ahead of street estimates, with analysts highlighting a beat and pointing to Paytm’s scalable business model as a key driver for continued optimism.
Paytm parent One 97 Communications reported a Rs 184 crore Q4 profit, triggering a sharp rise in its shares. Revenue from operations increased as analysts pointed to stronger momentum and tightly controlled expenses. With performance improving year over year and sentiment staying upbeat, investors are now watching whether analysts can justify more upside from here.
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One 97 Communications, the company behind Paytm, reported a net profit of Rs 184 crore in the fourth quarter, reversing last year’s loss of Rs 540 crore. The results mark a sharp swing in profitability, signalling an operational turnaround as investors watch whether the gains can be sustained beyond the quarter.
The RBI cancelled Paytm Payments Bank’s license for regulatory non-compliance, pointing to harmful operations and issues with management. Bernstein calls the move incrementally negative for One 97 Communications but keeps an “Outperform” rating, estimating up to 30% upside. Paytm says its core services are unaffected and expects continuity while the business navigates the fallout.
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