Arthneeti

One 97 Communications Q2 FY27 Share Price & Earnings Call Analysis

Part of: Nifty Midcap 150 · Nifty Midcap Select · Nifty India Digital · Nifty Midcap 50 · NIFTY Midcap 100 · Nifty 200 · +4 more

₹1,788.00-0.72% today
Market cap
₹1.15L Cr
P/E
137.24
ROE
4.64%
PEG
4.04
Price to sales
12.04
Debt to equity
0.02
52W high / low
₹1,850 / ₹959
Sales growth (5Y)
24.67%
EBITDA margin
7.92%
Net profit margin
8.53%
Sales (last year)
₹9,554 Cr

Incorporated in 2000, One 97 Communications Ltd is India's leading digital ecosystem for consumers as well as merchants. As of March 31, 2021, the company has a 333 million+ client base and 21 million+ registered merchants to whom it offers payment services, financial services, and commerce and cloud services.[1]

Guidance scorecard · Q2 FY27 call

What One 97's management guided
and where it ranks in Financial Technology (Fintech)

#3of 9 in
Financial Technology (Fintech)
Revenue20–40%MarginsFlatCapexPlannedFundraisingPlannedOrder bookWhat management said

RevenueQ2 FY27 call

20–40%
  • AI-driven revenue growth is expected to meaningfully contribute possibly by the same quarter next year, with a milestone benchmark of ₹500 crore or 5% of revenue anticipated in 2-3 quarters.
  • Merchant additions and retention efforts are ongoing, focusing on quality merchants, with over 10 million considered good-quality out of 16 million device merchants, implying growth in active users and lending opportunities.
  • The business is focusing on acquiring valuable customers through AI models that improve customer acquisition cost (CAC) sustainably, enabling better bottom-line quality growth rather than volume alone.

2 more points from One 97's call on revenue

Create a free account to keep reading this call

Full Q2 FY27 analysis

MarginsQ2 FY27 call

Flat

See what One 97 said on margins — free account, 30 seconds.

Full Q2 FY27 analysis

CapexQ2 FY27 call

Planned
  • Paytm has taken an enabling board resolution to invest up to ₹500 crore over 12 months primarily through its subsidiary Paytm Cloud Technologies Limited (PCTL).
  • The investment could be deployed in multiple tranches and includes funding for international subsidiaries, seed investments in overseas markets (e.g., UAE, Luxembourg), and potential operational needs.
  • There's no fixed plan to expend the entire ₹500 crore; the amount is an upper limit to avoid frequent board approvals.
  • Capex also includes consolidation of merchant payments platforms into a single technology stack, involving some one-time cloud and platform costs.
  • AI investments continue, driving operational efficiency and revenue growth; these costs are viewed as accretive rather than a drag.

2 more points from One 97's call on capex

Create a free account to keep reading this call

Full Q2 FY27 analysis

FundraisingQ2 FY27 call

Planned

See what One 97 said on fundraising — free account, 30 seconds.

Full Q2 FY27 analysis

Order bookQ2 FY27 call

Ask what One 97 said on the order book →

Full Q2 FY27 analysis
Full Financial Technology (Fintech) ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Financial Technology (Fintech)
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. This stockOne 97Good growth
    3
See all potential multibaggersAll Financial Technology (Fintech) rankings

Portfolio builder

Build your portfolio
from the top-ranked stocks

  1. 1. Pick 3–15 stocks
  2. 2. Choose large, mid or small cap and your sectors
  3. 3. Get a portfolio built from the rankings
Build my portfolio

Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Financial Technology (Fintech) companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹3,692 Cr82.7
240%+Flat₹4,566 Cr15.5
3One 97This stock20–40%Flat₹1.16L Cr138.2
420–40%Flat₹44,702 Cr55.5
520–40%Flat₹18,764 Cr145.0
620–40%Flat₹7,312 Cr28.0

Sign up free to see every company in the sector ranking and track One 97.

Pro shows every company guiding 40%+ revenue growth →Full Financial Technology (Fintech) ranking

One 97 announcements

All announcements →

Financials of One 97

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

One 97

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
FIIs +63.72%60.41%58.25%55.53%56.20%55.39%54.87%51.71%51.75%49.40%48.09%43.52%
DIIs +6.07%6.85%7.04%8.29%11.88%14.02%15.84%19.95%20.32%23.08%24.87%29.51%
Government +0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%
Public +30.22%32.75%34.73%36.17%31.93%30.60%29.29%28.35%27.91%27.51%27.04%26.96%
No. of Shareholders11,28,92912,31,21911,66,85410,49,9769,89,7529,67,9559,15,3648,68,5968,41,5568,20,4087,76,6617,56,713

Financials of One 97

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +2,5192,8502,2671,5021,6591,8281,9121,9182,0612,1942,2642,4482,648
YoY Sales growth+32%+38%-3%-36%-34%-36%-16%+28%+24%+20%+18%+28%+28%
Expenses +2,7503,0142,7342,2952,0632,0512,0001,8461,9212,0392,1322,2452,381
Operating Profit-231-163-467-794-404-223-8872140155132203267
OPM %-9%-6%-21%-53%-24%-12%-4.6%3.8%7%7%6%8%10%
Other Income +1391491321381,524189-29922432212199182178
Interest7554345454577
Depreciation180201196178179165150166137133132131146
Profit before tax-279-221-536-839938-203-54212630230194247292
Tax %5%0%3%0%1%2%1%2%30%2%6%11%23%
Net Profit +-292-222-550-840930-208-54512321225183220225
EPS in Rs-4.58-3.46-8.65-13.1914.58-3.26-8.471.930.333.522.873.443.52

Financials of One 97

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +3238553,2243,2792,8014,9747,9909,9786,9008,4379,554
Sales growth+164%+2%-15%+78%+61%+25%-31%+22%+24%
Expenses +6832,5237,5925,9644,6407,3589,63410,9218,4067,9368,797
Operating Profit-360-1,668-4,368-2,685-1,838-2,384-1,644-943-1,506501757
OPM %-111%-195%-135%-82%-66%-48%-21%-9%-22%6%8%
Other Income +16164280-453562884103141,551668771
Interest21385438422426171923
Depreciation2128112174178247485736673568542
Profit before tax-367-1,534-4,237-2,958-1,698-2,385-1,743-1,390-645582963
Tax %1%0%-0%-1%0%0%2%2%3%5%
Net Profit +-372-1,535-4,231-2,942-1,701-2,396-1,776-1,422-663552853
EPS in Rs-12.30-33.20-72.67-47.03-28.04-36.90-28.02-22.30-10.338.6413.35
Dividend Payout %0%0%0%0%0%0%0%0%0%0%

Financials of One 97

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital3046586060656364646464
Reserves3542,7515,6678,0456,47414,08712,95213,26314,96315,96216,540
Borrowings +015932428612222223177160172256
Other Liabilities +3166372,1071,7692,0043,6184,7275,1906,2617,7177,578
Total Liabilities7013,4508,76410,3029,15117,99117,96618,69321,44823,91524,438
Fixed Assets +47818415944919141,2091,2478909061,123
CWIP115956152412111415113
Investments1122,3082,8493,7404131,2302,6974,6284,1724,5015,341
Other Assets +5301,0025,0185,9548,22315,83614,04812,80416,37118,49717,971
Total Assets7013,4508,76410,3029,15117,99117,96618,69321,44823,91524,438

Financials of One 97

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-334-1,405-4,476-2,377-2,082-1,236416651-121-743
Cash from Investing Activity +-20-2,2291,906-1,9971,934-5,4842,628338-2,0312,006
Cash from Financing Activity +4593,9382,1105,160-2228,054-1,112-22-53-50
Net Cash Flow104304-460786-3711,3341,931967-2,2051,213
Free Cash Flow-372-1,515-4,651-2,563-2,270-1,741-281-161-438-1,211
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit93%87%98%88%123%46%-36%-81%9%-142%

Financials of One 97

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days100532934615557606951
Inventory Days
Days Payable
Cash Conversion Cycle100532934615557606951
Working Capital Days12-8319511628916261-18-119-123
ROCE %-101%-34%-21%-22%-12%-8%-10%5%

Guidance history

How One 97's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q2 FY27 call →20–40%FlatPlannedPlanned—
Q1 FY27 call →20–40%Up 2%+Planned——
Q4 FY26 call →20–40%Up 2%+Planned——
Q3 FY26 call →20–40%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

83out of 100

Momentum score · price trend

83 out of 100 — Strengthening

Over the past year its share price has done better than most of the stocks we track.

PeriodShare price changeBetter than … of 1,928 stocks
Last 12 months+32.8%77%
Last 6 months+49.4%90%
Last 3 months+12.9%83%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,928 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For One 97: 0.4 × 77 + 0.4 × 90 + 0.2 × 83 = 83.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 9 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What One 97's management said in earlier quarters

Earlier calls (7)

Others in Financial Technology (Fintech) this season

  • Suvidhaa Infoserve (Q2 FY27)

    EBITDA: ₹18.9 million, down 61% YoY . Key results statement takeaways from Suvidhaa Infoserve Ltd's Q2 FY27 results statement — and how it ranks against sector

  • AvenuesAI (Q2 FY27)

    Transaction Processing Value (TPV): INR 1,766 billion, +51% YoY (Page 16) . Key investor presentation takeaways from AvenuesAI Ltd's Q2 FY27 investor presentati

  • Moneyview (Q2 FY27)

    Total Income for Q2’FY27: ₹1,146 Crores, up 42.4% Year-on-Year (YoY) and 7.6% Quarter-on-Quarter (QoQ). Key investor presentation takeaways from Moneyview Ltd's

  • One Mobikwik (Q2 FY27)

    Fixed costs will be managed carefully; investment in people to support new businesses will continue but fixed cost as % of income should decline. Key concall…

Compare:vs PB Fintechvs Pine Labs Ltdvs Moneyview