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Paytm - One97 Communications Share Price Today

Company details

405.55
439.00
310.00
998.30
6M Return -30.57%
1Y Return -47.29%
Mkt Cap.(Cr) 27,198.90
Volume 16,454,024
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 16,454,024

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Internet Software & Services company One97 Communications announced FY24 & Q4FY24 results:

FY24 Financial Highlights:

  • Paytm reported revenue of Rs 9,978 crore, 25% growth
  • Contribution profit up 42% to Rs 5,538 crore (margin of 56%, up 7 percentage point)
  • EBITDA before ESOP of Rs 559 crore (up Rs 734 crore), EBITDA margin at 6% (up 8 percentage point)

Payment Business:

  • Revenue from Payment services up 26% to Rs 6,235 crore
  • Net payment margin was up 50% to Rs 2,955 crore; GMV up 39% to Rs 18.3 Lakh crore
  • Merchant paying subscription for devices has reached 1.07 crore as of March 2024, an increase of 39 Lakh

Financial Services Business:

  • Revenue from financial services and others up 30% to Rs 2,004 crore
  • Value of loans distributed was up 48% to Rs 52,390 crore

Q4FY24 Financial Highlights:

  • In Q4FY24, payments revenue grew by 7% YoY to Rs 1,568 crore, but was down by 9% QoQ
  • Payment Processing Margin: In Q4FY24, GMV grew 30% YoY to Rs 4.7 Lakh crore.
  • As of March 2024, merchant subscriptions were 1.07 crore, increasing 39 Lakh YoY
  • In Q4FY24, revenue from financial services and others declined 36% YoY to Rs 304 crore
  • The value of Merchant Loans distributed declined by 28% YoY to Rs 1,671 crore as it was paused in February and has seen good latent demand once it was resumed in March end.
  • The value of Personal Loans distributed declined 1% YoY to Rs 3,408 crore as the distribution only loans continued to scale well during the quarter, and is our focus going forward.
  • Q4FY24 contribution profit of Rs 1,288 crore remained flat YoY. Excluding UPI incentives, contribution profit declined 9% YoY. Contribution margin improved to 57% from 55% a year ago, while excluding UPI incentives, the contribution margin was at 51%, flat YoY.
  • For Q4FY24, Indirect Expenses (excluding ESOP cost) has increased 13% YoY to Rs 1,186 crore.
  • In Q4FY24, our EBITDA before ESOP was Rs 103 crore as compared to Rs 234 crore in Q4FY23.
  • Excluding the UPI incentives, our EBITDA before ESOP was (Rs 185 crore) as compared to Rs 52 crore in Q4FY23.
  • Excluding UPI incentives, EBITDA before ESOP margin, stands at (9%) for Q4FY24, versus 2% in Q4FY23.
  • Our cash balance is Rs 8,650 crore as of quarter ending March 2024, as compared to Rs 8,901 crore as of quarter ending December 2023.

Vijay Shekhar Sharma, MD of the company, said, "FY 2024 has been a landmark year for the company as we achieved our first full year of EBITDA before ESOP profitability (since IPO) of Rs 559 crore. We demonstrated strong revenue momentum (up 25%) and continued our disciplined focus on profitability (EBITDA before ESOP margin up by 8%), in spite of regulatory action on our associate entity, Paytm Payment Bank Ltd. (PPBL).

I am happy to share that we have successfully transitioned our core payment business from PPBL to other partner banks. This move de-risks our business model and also opens up new opportunities for long-term monetization, given our platform’s strength around customer and merchant engagement. It has been possible in such a short period of time with extensive support from the Regulator, NPCI, Bank partners and our committed team mates. The unwavering commitment of our government and regulator to support innovation and financial inclusion, keeps us true to our mission and committed to our long-term sustainable growth opportunity.

We expect near-term financial impact to our revenue and profitability, due to disruptions faced in our business in Q4. This includes steady state impact due to pausing of PPBL wallet. We had also paused a few other payments and loan products to our customers during the last quarter, and I am happy to share that many such products have been restarted or in the process of starting soon.

Led by capabilities of AI and focussing on core business, we are also working on significant cost efficiencies including leaner organization structure. Our ongoing experiments and learnings in AI promise to revolutionize customer and merchant care for the financial industry, while also unlocking new avenues for revenue generation and cost savings. We anticipate tangible results from these initiatives in the coming quarters, further bolstering our competitive advantage in the market.

We are fully committed towards building our business according to regulatory compliances and prudent operations risk policies.

We are also taking various steps to strengthen the governance framework across our group entities (especially regulated entities) by appointing subject matter experts as advisors or independent directors, reviewing various processes etc. I am ensuring that we have greater regulatory engagement and have higher focus on compliance, in letter and in spirit.

I am proud of the talent we have in our company, the culture of resilience and entrepreneurship. We remain more committed than ever towards growth, profitability, and maintaining robust governance and compliance."

Result PDF

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One 97 Communications Ltd shares SWOT Analysis

Strengths (8)

  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
  • Efficient in managing Assets to generate Profits - ROA improving since last 2 year

Weakness (3)

  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)
  • Declining Net Cash Flow : Companies not able to generate net cash
  • Fall in Quarterly Revenue and Net Profit (YoY)

Opportunity (3)

  • Stock with Low PE (PE < = 10)
  • RSI indicating price strength
  • High Volume, High Gain

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 442.9
R2 457.7
R3 476.3
Pivot

424.20

S1 409.4
S2 390.8
S3 376.0
EMA SMA
372.7
381.5
441.3
540.2
365.1
371.2
420.9
622.3
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
MORGAN STANLEY ASIA (SINGAPORE) PTE. - ODI Bulk Purchase 2024-02-02 487.2 5000000 NSE
MARSHALL WACE INVESTMENT STRATEGIES - EUREKA FUND Bulk Purchase 2024-01-25 753.75 4089360 BSE
BNP PARIBAS ARBITRAGE Bulk Purchase 2024-01-25 761.52 3715 BSE
Name Category Shares
Axis Trustee Services Limited PUBLIC 4.87%
Vijay Shekhar Sharma PUBLIC 9.1%

FINANCIALS

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One 97 Communications Ltd Stocks COMPARISON

Financials( in Cr) One 97 Communications Ltd Zomato Ltd Info Edge (India) Ltd FSN E-Commerce Ventures Ltd Indiamart Intermesh Ltd
Price 428.05 184.94 6,266.70 167.03 2,571.25
% Change 6.35 2.94 0.26 -1.29 -0.95
Mcap Cr 27,198.90 163,113.09 81,081.07 47,703.53 15,422.10
Revenue TTM Cr 7,990.30 7,079.40 2,345.69 5,143.80 1,196.78
Net Profit TTM Cr -1,776.50 -971.00 -70.46 24.82 333.95
PE TTM 0.00 462.25 124.86 0.00 45.95
1 Year Return -47.29 137.25 46.81 19.31 -9.42
ROCE 0.00 0.00 2.92 5.09 18.80
ROE 0.00 0.00 -1.64 1.76 17.60
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 13,015.50 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 35,930.46 -6,140.05
LAST 3M 112,173.55 -45,499.40
LAST 6M 183,830.47 -16,034.02
LAST 12M 290,122.07 99,526.79
Samsung India partners with Paytm

Jun 13, 2024 l BSE Announcement

One 97 Communications Limited - Updates

Jun 13, 2024 l NSE Announcement

One 97 Communications Limited - ESOP/ESOS/ESPS

Jun 10, 2024 l NSE Announcement

Date Action Type Ratio
No data found

One 97 Communications Ltd Information

Stock PE (TTM)
0
Promoter Holding
0%
Book Value
209.6345
ROCE
0%
ROE
0%
Description
  • One 97 Communications Ltd was incorporated as `One 97 Communications Private Limited` on 22 December 2000. Subsequently, name of the Company was changed to One 97 Communications Limited on 12 May 2010. The Company serves as a digital ecosystem for consumers and merchants. The Company offers a digital payments platform for use cases such as money transfers, online and in-store merchant payments and bill payments.

    It offers commerce and cloud services, such as ticketing and advertising, technology led financial services such as loans, insurance and wealth management, offered through financial partners. During the year 2002-03, the company launched music messaging on mobiles. During the year 2003-04, they launched VAS on landline networks. Also, they launched voice based gaming. During the year 2004-05, the company launched interactive out-dialer services. During the next year, they launched subscription based content services. During the year 2006-07, the company launched enterprise services on the 3030 short code.

    During the year 2007-08, Oorja Mobile Services Pvt Ltd became the subsidiary of the company, which is engaged in the business of developing, designing, importing, exporting software products and services and developing and providing services in the field of e-commerce, web based or related technology and applications. During the year 2009-10, the company acquired shares in TenCube. Also, they expanded their international operations to Nigeria and Bangladesh. In November 16, 2009, the company set up a subsidiary company namely PayTM Mobile Solutions Pvt Ltd for providing business of m-commerce and e-commerce by enabling telecom operators and enterprise merchants to offer m-commerce and e-commerce services like mobile prepaid recharge, postpaid mobile bill payment, landline bill payment, movie ticketing, travel bookings, flower delivery, DVD rental, shopping, utility bill payment to subscribers.

    In the year 2010, the company launched their website www.paytmonline.com. They signed an MoU with SAIF for launch of One97 Mobility Fund, for investing in the mobile value added services sector. In May 11, 2010, the company was converted into public limited company and the name was changed to One97 Communications Ltd. In July 27, 2010, the company set up a subsidiary company, namely One97 Communications (Nigeria) Ltd for providing the value added services to mobile operators and other enterprise customers. The company intends to expand their geographic presence by leveraging their expertise and track record in offering products that address the needs of international networks and their subscribers as well as enterprises outside India.

    They intend to expand in South East Asia, Africa and a few pre-paid minutes dominated European markets. They plan to acquire companies to expand their presence internationally. As on 31 March 2021 ,the Company has 32 subsidiaries and 6 joint venture companies and 3 associate companies under its roof. During the month of November 2021,the company came out with an Rs 18300-crore public issue which is the largest ever IPO in Indian Capital Market history.The IPO offer comprised a fresh issue of equity shares amounting to Rs 8300 crore and the rest of Rs 10000 crore through offer for sale mode.The company offered IPO shares at a price of Rs 2150 per share including a premium of Rs 2149 per share.The allotted shares were listed on the BSE Ltd and National Stock Exchange of India Ltd on 18 November 2021. On August 30, 2021 and September 23, 2021, the Company transferred its Online Payment Aggregation Business to its wholly owned subsidiary company viz. Paytm Payments Services Limited, applied with RBI.

    During FY 2021-22, Admirable Software Limited, which incorporated on August 17, 2021, as a wholly owned subsidiary of Paytm Financial Services Limited (Associate Company of Paytm) has ceased to be subsidiary of the Company. During the year 2022-23, the Company launched Pocket and Music Soundbox 3.0 enabled by 4G technology device. It launched new technology platform that is built with 100% indigenous developed technology in March 2023.

Registered Address

First Floor Devika Tower, Nehru Place, New Delhi, Delhi, 110019

Tel : 91-11-26280280
Email : compliance.officer:paytm.com
Website : http://www.paytm.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 543396
NSE Code : PAYTM
Book Closure Date (Month) :
BSE Group : A
ISIN : INE982J01020

FAQ’s on One 97 Communications Ltd Shares

You can buy One 97 Communications Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy One 97 Communications Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 13, 2024 03:59 PM the closing price of One 97 Communications Ltd was Rs.428.05.

The latest PE ratio of One 97 Communications Ltd as of Jun 13, 2024 03:59 PM is 0.00

The latest PB ratio of One 97 Communications Ltd as of Jun 13, 2024 03:59 PM is 0.49

The 52-week high of One 97 Communications Ltd share price is Rs. 998.30 while the 52-week low is Rs. 310.00

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 13, 2024 03:59 PM, the market cap of One 97 Communications Ltd stood at Rs. 27,198.90.

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