Incorporated in 2000, One 97 Communications Ltd is India’s leading digital ecosystem for consumers as well as merchants. As of March 31, 2021, the company has a 333 million+ client base and 21 million+ registered merchants to whom it offers payment services, financial services, and commerce and cloud services.
Q2 FY26 Earnings Results:
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Revenue from Operations: ₹2,061 crore, up 24% YoY from ₹1,661 crore.
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Profit After Tax (PAT): ₹21 crore, dropped 98% YoY from ₹1,036 crore, primarily due to a one-time gaming business impairment.
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Adjusted EBITDA (excluding one-off charges): Loss reduced from previous quarters but still under pressure.
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Average monthly transacting users (MTUs): 76 million, up 3% QoQ; consumer payment MTUs up 6.5% QoQ.
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Total Payment Volume (TPV): ₹4.2 lakh crore, up 22% YoY.
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Disbursement volumes grew by 9% QoQ.
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Losses widened due to write-downs in gaming and associated investments.
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Focus continued on scaling customer base and monetization through financial services and new business lines.
Management Commentary and Strategic Insights:
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Management emphasized ongoing investments in AI and personalized financial services to drive long-term growth.
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Focus on growth in lending and wallet business, digital gold, and payments ecosystem.
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Efforts on cost optimization and operational efficiencies underway.
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Confident about sustaining leadership and expanding market share despite recent losses.
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One-time impairments accounted for most of the PAT drop, underlying business growth remains strong.
Q1 FY26 Earnings Results:
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Revenue: ₹1,918 crore, up 25% YoY.
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PAT: ₹123 crore, up from loss in prior periods.
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Average monthly transacting users crossed 74 million.
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EBITDA losses reduced quarter-on-quarter.
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Strong growth in payments volume and financial services.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.