One 97 Communications Ltd Share Price – NSE /  BSE

E-Commerce/App based Aggregator, Small Cap

One97 Communications will hold a meeting of the Board of Directors of the Company on 6 May 2026.

On Friday (April 24), Paytm stated that the Reserve Bank of India has cancelled the banking licence of Paytm Payments Bank with effect from the close of business on 24 April 2026, citing regulatory violations and concerns over depositor interest and governance.

The central bank said the payments bank failed to comply with licensing conditions and that its affairs were conducted in a manner detrimental to depositors. It added that allowing the bank to continue would not serve public interest and that it would initiate winding-up proceedings before the High Court.

Following the development, One 97 Communications clarified that there is no financial or business impact on the company. It said it has no exposure to Paytm Payments Bank and no material business arrangements with the entity. The company also noted that its investment in the payments bank had already been fully impaired as of 31 March 2024.

In a regulatory filing made late on Saturday (April 25), One 97 Communications further informed that the board of Paytm Payments Bank has approved the winding-up of PPBL.

Upon the winding-up order becoming effective, PPBL shall cease to be an associate company of One 97 Communications.

Paytm said all its services, including the Paytm app, UPI, payment gateway, QR, Soundbox and Paytm Money, continue to operate without interruption, as they are not dependent on the payments bank.

The company reiterated that Paytm Payments Bank operates as a separate entity, with no board or management overlap with One 97 Communications.

One 97 Communications (Paytm) is India's leading mobile payments and financial services distribution company.

The company had reported consolidated net profit of Rs 225 crore in Q3 FY26 as against net loss of Rs 208 crore in Q3 FY25. Revenue from operations during the period under review increased by 20.02% YoY to Rs 2,194 crore.

One 97 Communications has allotted 63,995 equity shares under ESOS on 01 April 2026. With this allotment, the paid up equity share capital has increased to Rs 64,01,09,676 (consisting of 64,01,09,676 equity shares of face value of Re 1 each).

Revenue from operations during the period under review increased by 20.02% YoY to Rs 2,194 crore, driven by industry-leading customer monetization. The growth was led by higher payments GMV, increased merchant subscriptions, and stronger revenue from the distribution of financial services.

In Q3 FY26, contribution profit stood at Rs 1,249 crore, up 30% year-on-year. Contribution margin improved to 57%, driven by higher payment processing margins and an increased share of distribution of financial services revenue.

EBITDA in Q3 FY26 was Rs 156 crore, with an EBITDA margin of 7%, marking a Rs 379 crore year-on-year improvement, despite higher promotional expenses for consumer growth and the full impact of the new labour code.

Paytm UPI continued to gain market share for the third consecutive quarter. Its consumer UPI GMV grew 35% in the last nine months versus industry GMV growth of 16%, the company said.

Paytm said there was an ?insignificant? impact on revenue from industry stoppage of rent payments through credit card (PA PG guidelines, September 2025) and the Real Money Gaming (RMG) Act, August 2025, as the company had taken proactive compliance measures over the past few years.

Payments services revenue (including other operating revenue) grew 21% YoY to Rs 1,284 crore.

Net payment revenue increased by 25% YoY to Rs 613 crore, due to improved payment processing margin and an increase in merchant subscriptions, which grew by 27 lakh YoY to reach 1.44 crore. Payments GMV grew 24% YoY to Rs 6.2 lakh crore, the company said.

In Q3 FY 2026, distribution of financial services revenue grew 34% YoY to Rs 672 crore, driven by continued growth in distribution of merchant loans and wealth products.

This is despite lower volumes under the Default Loss Guarantee (DLG) program, which leads to lower revenue and lower other direct costs, the company said. Cash balance stood at Rs 12,882 crore as of the quarter ending December 2025.

During the quarter, the offline merchant business was transferred to Payments Services, a wholly owned subsidiary of the company, in line with regulatory guidelines.

Payments Services received final approval from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator. Further, the RBI authorised PPSL to operate as a Payment Aggregator for offline and cross-border payments, it said.

The company said, Vijay Shekhar Sharma, Chairman, MD & CEO, has been additionally appointed as managing director (MD) (designated MD & CEO) of PPSL for 5 years, with effect from 29 January 2026.

Paytm is India's leading mobile payments and financial services distribution company.

Shares of One 97 Communications slipped 2.03% to Rs 1,145 on the BSE.

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