27-Oct-2026 08:06:41

PAYTMGeneral news

Bernstein on One 97 Comm ; O-P, TP Rs 2200

Delivered strong revenue growth in 2Q27, led by financial services (+49% YoY, +12% QoQ) & marketing services (+26% YoY, +20% QoQ). Net payment revenue also grew a healthy 7% QoQ, though YoY growth was more modest at +8% due to PIDF revenue in last year’s base. Revenue growth was stronger than expected, but costs were also higher, with indirect costs up 14% YoY (+5% QoQ). Despite this, EBITDA increased 90% YoY (+33% QoQ), with EBITDA margin expanding to 10%.

ONE 97 COMMUNICATIONS LTD

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