{"id":132681,"date":"2022-08-09T10:35:57","date_gmt":"2022-08-09T14:35:57","guid":{"rendered":"https:\/\/44.250.171.167\/?p=132681"},"modified":"2022-10-06T04:50:07","modified_gmt":"2022-10-06T08:50:07","slug":"one-97-communications-ltd-q1-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/one-97-communications-ltd-q1-fy23-earnings-conference-call-insights\/","title":{"rendered":"One 97 Communications Ltd Q1 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from One 97 Communications Ltd (<a href=\"https:\/\/44.250.171.167\/symbol\/PAYTM\/\">PAYTM<\/a>) Q1 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Sachin Salgaonkar of Bank of America asked about Soundbox monthly rental going down to zero and the monetization of it. Bhavesh Gupta CEO, Lending replied that on Soundbox, the rental going down to zero is not the case. A very small percentage of merchants are being given the offer. This won\u2019t have any material impact on the subscription revenue of Soundbox.<\/li>\n<\/ul>\n<ul>\n<li>Sachin Salgaonkar of Bank of America also asked the improvement in net payments margin (NPM) and what would be the steady state NPM. Madhur Deora CFO answered that PAYTM will continue to try to improve this number. The threshold is it should be positive on net payment margin.<\/li>\n<\/ul>\n<ul>\n<li>Karan Gandhi enquired if merchant retention is improving. Bhavesh Gupta CEO, Lending replied that merchant retention is surely improving. PAYTM looks at the static cohorts of merchant. On the card machine side merchant retention cohort is improving every quarter by about 1%. On Sound Box, it is stable between 85-86%.<\/li>\n<\/ul>\n<ul>\n<li>Rahul Jain from Dolat Capital asked about the contribution from the introduction of platform fee on payments to consumer. Bhavesh Gupta CEO, Lending answered that this is currently a very small percentage of revenue. PAYTM believes that in next couple of quarters, platform revenue could become a reasonable portion of the consumer fee but not large.<\/li>\n<\/ul>\n<ul>\n<li>Rahul Jain from Dolat Capital asked about the sustainability of improvement in EBITDA going forward. Madhur Deora CFO replied that the business has significant tailwinds w.r.t not just growth and revenue but also profitability. PAYTM will continue to drive the performance.<\/li>\n<\/ul>\n<ul>\n<li>Rahul Jain from Dolat Capital asked about the INR29 crore impact in payment services, if it\u2019s fully baked in 1Q23. Madhur Deora CFO answered that it\u2019s more or less a run rate impact. Not every single rationalization happened at quarter beginning, but it is more or less a full quarter impact.<\/li>\n<\/ul>\n<ul>\n<li>Saurabh Kumar of JPMorgan asked about the volumes being syndicated in the credit card business and if EMI is launched. Bhavesh Gupta CEO, Lending replied that the company has an EMI business on PAYTM post-paid. EMIs like contemporaries is on the build and is expected to launch sometime in FY23.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from One 97 Communications Ltd (PAYTM) Q1 FY23 Earnings Concall Q&amp;A Highlights: Sachin Salgaonkar of Bank of America asked about Soundbox monthly rental going down to zero and the monetization of it. Bhavesh Gupta CEO, Lending replied that on Soundbox, the rental going down to zero is not the case. A very small [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"One 97 Communications Ltd Q1 FY23 Earnings Conference Call Insights #PAYTM #Q1 #FY23 #earnings","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,1],"tags":[1792,8590],"class_list":["post-132681","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-finance-stocks","tag-financial-services","tag-payment-services"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":129847,"url":"https:\/\/alphastreet.com\/india\/one97-communication-ltd-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":132681,"position":0},"title":"One97 communication Ltd Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"May 23, 2022","format":false,"excerpt":"https:\/\/youtu.be\/OgwfSOow4ZE Key highlights from One97 communication Ltd (PAYTM) Q4 FY22 Earnings Concall Management Update: PAYTM said that in payments, which is the company\u2019s primary bet, it will be able to earn all its cost and achieve EBITDA contribution standalone for payment also. PAYTM said it will be delivering operating profitability\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":140352,"url":"https:\/\/alphastreet.com\/india\/one97-communication-ltd-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":132681,"position":1},"title":"One97 communication Ltd Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"February 7, 2023","format":false,"excerpt":"Key highlights from One97 communication Ltd (PAYTM) Q3 FY23 Earnings Concall Q&A Highlights: [00:24:47] Manish Adukia with Goldman Sachs enquired if it is safe to assume that PAYTM will reach FCF profitability starting 4Q23, and are double-digit EBITDA margins possible by FY24 end. Madhur Deora CFO said that Q4 UPI\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":130126,"url":"https:\/\/alphastreet.com\/india\/zomato-ltd-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":132681,"position":2},"title":"Zomato Ltd Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"May 25, 2022","format":false,"excerpt":"https:\/\/youtu.be\/JgcWD51y2A4 Key highlights from Zomato Ltd (ZOMATO) Q4 FY22 Earnings Concall Q&A Highlights: Chirag Shah from CLSA asked what proportion of incremental customer acquisition is organic. Akshant Goyal CFO replied that more than 50% of new users every quarter are still organic, which means CAC is lower vs. standalone food\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/05\/ZomatoQ422.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/05\/ZomatoQ422.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/05\/ZomatoQ422.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/05\/ZomatoQ422.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/05\/ZomatoQ422.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":141304,"url":"https:\/\/alphastreet.com\/india\/delhivery-ltd-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":132681,"position":3},"title":"Delhivery Ltd Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"February 13, 2023","format":false,"excerpt":"Key highlights from Delhivery Ltd (DELHIVERY) Q3 FY23 Earnings Concall Q&A Highlights: [00:19:00] Sachin Salgaonkar with BofA asked about the drivers of 6% QoQ shipment growth in 3Q. Sahil Barua MD said this year's sales were atypical due to the sale impact coming2Q instead of 3Q. DELHIVERY saw 170 million\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":176918,"url":"https:\/\/alphastreet.com\/india\/one97-communication-ltd-paytm-q1-2026-earnings-call-transcript\/","url_meta":{"origin":132681,"position":4},"title":"One97 communication Ltd (PAYTM) Q1 2026 Earnings Call Transcript","author":"News desk","date":"January 22, 2026","format":false,"excerpt":"One97 communication Ltd (NSE: PAYTM) Q1 2026 Earnings Call dated Jul. 22, 2025 Corporate Participants: Unidentified Speaker Vijay Shekhar Sharma \u2014 Chairman, Managing Director and Chief Executive Officer Madhur Deora \u2014 Executive Director, President and Group Chief Financial Officer Analysts: Unidentified Participant Sachin Salgaonkar \u2014 Analyst Piran Engineer \u2014 Analyst\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":155261,"url":"https:\/\/alphastreet.com\/india\/one97-communication-ltd-paytm-q2-fy24-earnings-concall-transcript\/","url_meta":{"origin":132681,"position":5},"title":"One97 communication Ltd (PAYTM) Q2 FY24 Earnings Concall Transcript","author":"Sahil_Anand","date":"October 21, 2023","format":false,"excerpt":"One97 communication Ltd\u00a0 ( NSE: PAYTM) Q2 2024 Earnings Concall dated Oct. 21, 2023 Corporate Participants: Vijay Shekhar Sharma -- Managing Director and Chief Executive Officer Madhur Deora -- President and Group Chief Financial Officer Bhavesh Gupta -- President and Chief Operating Officer Analysts: Sachin Salgaonkar -- Bank of America\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/132681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=132681"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/132681\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=132681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=132681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=132681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}