One 97 Communications Ltd
One 97 Communications Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹2,264Cr
- +18.4% YoY
- Net profit
- ₹183Cr
- Q4 FY25: −₹545 Cr
- Margin
- 6%
- +10.6 pp YoY
Guidance rank: #3 of 9 in Financial Technology (Fintech)
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The short version
Merchant lending growth driven by three factors: base expansion, penetration rate, and ticket size, each contributing roughly 15% growth, totaling about 40% overall growth. Paytm expects an acceleration in revenue growth in Fiscal 2027, driven by strong tailwinds across payments, financial services, and recovery in marketing services (Page 5).
From One 97 Communications Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Merchant lending growth driven by three factors: base expansion, penetration rate, and ticket size, each contributing roughly 15% growth, totaling about 40% overall growth.
- Penetration rate in merchant lending increasing about 1% per year, currently around 7%.
- Significant opportunities in both online and offline merchant segments, with online now showing double-digit GMV growth.
- Payment processing margins growing strongly, supported by product improvements and increased use of credit instruments on UPI.
- Financial services growth includes solid merchant loans, recovery in personal loans, and rising market share in wealth management.
- Marketing services expected to recover from prior drag and contribute positively, especially driven by AI-enabled tools.
2 more points from One 97 Communications Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- No material capital expenditure (capex) plans currently on the table.
- Planned AI investments focus on leveraging rented data center resources (e.g., NVIDIA) rather than building captive infrastructure.
- Focus on AI-related investments primarily through attention and effort rather than heavy capital outlay.
- Looking to keep "dry powder" for selective inorganic actions, but these would only be in AI-related areas.
2 more points from One 97 Communications Ltd's call on capex
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Top-ranked in Financial Technology (Fintech)
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
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One 97 Communications Ltd — Quarterly revenue & net profit
One 97 Communications Ltd Q4 FY26 results — key figures
| ₹ Cr | Q4 FY26 | Q4 FY25 | YoY | Q3 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 2,264 | 1,912 | +18.4% | 2,194 | +3.2% |
| Operating profit (EBITDA) | 132 | -88 | — | 155 | -14.8% |
| Operating margin | 6% | -4.6% | +10.6 pp | 7% | -1 pp |
| Profit before tax | 194 | -542 | — | 230 | -15.7% |
| Net profit (PAT) | 183 | -545 | — | 225 | -18.7% |
| EPS (₹) | 2.87 | -8.47 | — | 3.52 | -18.5% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹2.6K Cr, net profit ₹225 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What One 97's management said in earlier quarters
Others in Financial Technology (Fintech) this season
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Corporate Business, especially PB Corporate, is growing fast (140% in Q4), but still requires investment before meaningful profitability is achieved. Key…
- WSFX Global (Q4 FY26)
Strong growth in corporate segment (95.62% CAGR) and steady student segment growth despite market contraction. Key concall takeaways from WSFX Global Pay Ltd's…
Potential multibaggers · Q2 FY27
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on management's own guidance
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were One 97 Communications Ltd Q4 FY26 results?
Merchant lending growth driven by three factors: base expansion, penetration rate, and ticket size, each contributing roughly 15% growth, totaling about 40% overall growth. Paytm expects an acceleration in revenue growth in Fiscal 2027, driven by strong tailwinds across payments, financial services, and recovery in marketing services (Page 5).
What is One 97 Communications Ltd share price analysis?
One 97 Communications Ltd currently shows a neutral. The stock trades at a P/E of 126.7 with a market cap of ₹102,774 Cr. Investors should review the full earnings analysis for detailed insights.
Is One 97 Communications Ltd planning capital expenditure?
No material capital expenditure (capex) plans currently on the table.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.