One 97 Communications Ltd Share Price – NSE  /  BSE

E-Commerce/App based Aggregator, Small Cap

One 97 Communications (Paytm) has announced a partnership with Axis Bank to provide POS solutions and EDC devices (card machines) to the Bank & its merchant network.

Through this partnership, Paytm's cutting-edge technology will reach a wider merchant base via Axis Bank, thereby enhancing the capabilities of both entities. For Axis Bank, this collaboration strengthens their merchant acquiring portfolio, enabling them to offer state-of-the-art payment solutions that enhance transaction efficiency and operational effectiveness even further. For Paytm, it extends their market presence and demonstrates their commitment to providing innovative technological solutions that meet the evolving needs of the merchant community.

A notable feature of Paytm's offering is the provision of multiple EMI options, which enhances consumer affordability and allows merchants to offer flexible payment plans to their customers. This capability not only increases customer satisfaction but also helps merchants to boost their sales and expand their businesses.

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Revenue from operations for the period under review fell by 36% year-over-year (YoY) to Rs 1,502 crore.

On the segmental front, Payments & Financial Services revenue declined by 39% YoY to Rs 1,164 crore. Of this, revenue from Payment Services to Consumers was Rs 83 crore (down 85% YoY), revenue from Payment Services to Merchants was Rs 801 crore (down 5% YoY) and revenue from Financial Services and Others was Rs 280 crore (down 46% YoY).

Further, Marketing Services revenue and other operating revenue amounted to Rs 321 crore (down 21% YoY) and Rs 16 crore (down 15% YoY), respectively.

In the first quarter of FY25, contribution profit was Rs 755 crore (contribution margin of 50%). “We expect contribution margins to remain in the 50-55% range (including UPI incentives) with some variations from quarter to quarter due to seasonality and UPI incentives timing,” the company said in a statement.

EBITDA before ESOP was Rs (545) crore in Q1 FY25 as against Rs 84 crore recorded in Q1 FY24.

The company expects revenue and EBITDA before ESOP to start improving from Q2 FY 2025 on account of growth in operating metrics and cost optimisation. Q1 FY 2025 ESOP cost was lower at Rs 247 crore, on account of ESOP lapses at the time of employee separation during the quarter.

Pre-tax loss for Q1 FY25 was Rs 838.6 crore as against Rs 354 crore recorded in Q1 FY24.

One 97 Communications Limited (OCL) that owns the Paytm brand, India’s leading payments and financial services distribution company and the pioneer of QR and mobile payments.

The scrip rose 2.60% to currently trade at Rs 456.60 on the BSE.

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Net Loss of One 97 Communications reported to Rs 838.90 crore in the quarter ended June 2024 as against net loss of Rs 357.00 crore during the previous quarter ended June 2023. Sales declined 35.87% to Rs 1501.60 crore in the quarter ended June 2024 as against Rs 2341.60 crore during the previous quarter ended June 2023.

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FlixBus, a global leader in affordable and sustainable travel, which entered India earlier this year, has now announced a strategic partnership with Paytm.

This collaboration aims to revolutionise intercity bus travel in India, making FlixBus tickets available directly through the Paytm app. The partnership simplifies access to intercity travel, enhancing convenience for Indian travellers and making road travel more accessible.

Vikash Jalan, Chief Business Officer, Paytm said, “As a leading travel aggregator, we are committed to enhancing the overall travel experience in India. Our partnership with FlixBus marks a significant step forward in this mission, directly aligning with our core business objectives to drive growth in the travel sector. This collaboration aims to transform intercity bus travel, delivering exceptional value and an unparalleled travel experience to our customers, and contributing positively to the transportation landscape across the country.”

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