One 97 Communications Ltd
Earnings Release for the quarter and financial year ended March 31, 2026.
RESULTS
▲ Positive Development
LOW RISK
📅 Filed on BSE: 06 May 2026, 08:28 PM IST · BSE ID: 22102aae-0183-45fe-862c-b29b84069ce0
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported its first annual profit, with total revenue up 22% for the year and quarterly revenue up 18%.
🤖 AI Summary
- One 97 Communications reported first full year of profit in FY26 with PAT at ₹552 Cr.
- Full year revenue for FY26 reached ₹8,437 Cr, a 22% increase YoY.
- Q4 FY26 reported revenue was ₹2,264 Cr, an 18% increase YoY.
- Q4 FY26 reported EBITDA stood at ₹132 Cr, with a 6% margin.
- Distribution of Financial services revenue scaled to ₹2,593 Cr, growing 52% YoY.
🔢 Key Numbers — exact figures from BSE filing, not rounded
FY26 REVENUE
₹8,437 Cr
22%
Q4 FY26 REVENUE (Reported)
₹2,264 Cr
18%
Q4 FY26 EBITDA (Reported)
₹132 Cr
Distribution of Financial services revenue (FY26)
₹2,593 Cr
52%
Merchant GMV (Q4 FY26)
₹6.5 L Cr
27%
Merchant Subscriptions (Q4 FY26)
1.51 Cr
🏢 How This Affects the Company
The company demonstrated market share gains in both merchant and consumer payments, with merchant GMV increasing 27% YoY and payment processing margin expanding to >4 bps. Financial services revenue grew 52% YoY, indicating scaling of a high-growth, high-margin segment.
The company achieved its first full year of profit with PAT at ₹552 Cr, a ₹1,215 Cr improvement YoY. EBITDA improved from ₹(1,506) Cr in FY25 to ₹502 Cr in FY26, representing a ₹2,008 Cr swing.
The company utilized AI for operating leverage and cost optimization, supporting revenue growth and increased contribution margin. It also expanded its merchant device subscriptions to 1.51 Cr, adding 27 lakh net devices YoY.
No specific new risks were identified, however, the Q4 FY26 results were impacted by the discontinuation of the PIDF scheme and pending finalization of FY26 UPI incentive.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this earnings release.
👤
Who Is Affected
All shareholders are affected by the company's financial performance, specifically the reported FY26 PAT of ₹552 Cr and revenue growth of 22% YoY.
🔍
Management Signal
The management's focus is on disciplined compounding, achieving profitability, and leveraging AI for operating efficiencies and sustained growth across payment and financial services segments.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q1 FY27 earnings release — assess continued profitability and revenue growth.
Management commentary on full offset of PIDF impact in upcoming periods.
Updates on UPI incentive finalization and its impact on reported numbers.
LOW RISK
The filing presents positive financial results, with no immediate new risks indicated.
💡 Investor Takeaway
One 97 Communications reported its first full year of profit in FY26 with PAT at ₹552 Cr, an improvement of ₹1,215 Cr YoY. FY26 revenue grew 22% YoY to ₹8,437 Cr, with financial services revenue up 52% YoY to ₹2,593 Cr.
⚖️ Strengths & Concerns
✅ Positives
- One 97 Communications achieved its first full year of profit in FY26, with PAT at ₹552 Cr, a ₹1,215 Cr YoY improvement.
- FY26 Revenue reached ₹8,437 Cr, a 22% YoY increase, driven by 52% YoY growth in financial services revenue to ₹2,593 Cr.
⚠️ Concerns
- Q4 FY26 reported Contribution Margin decreased by 1 p.p YoY to 55%, and by 2 p.p QoQ from 57% in Dec'25.
- The Q4 FY26 reported EBITDA of ₹132 Cr showed a (15%) QoQ decrease from ₹156 Cr in Dec'25.
📅 Company Track Record
No previous filings or specific historical financial data for One 97 Communications Ltd (Paytm) were provided in the context.
Based on publicly available historical data. For context only.