Earnings Review
ONE 97 Comm posts consol PAT vs loss yr ago on revenue jump
This story was originally published at 22:46 IST on 6 May 2026
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--One 97 Comm Jan-Mar consol net profit INR 1.84 bln
--Analysts saw One 97 Comm Jan-Mar consol net profit at INR 2.28 bln
--One 97 Comm Jan-Mar consol revenue INR 22.64 bln
--Analysts saw One 97 Comm Jan-Mar consol revenue at INR 22.80 bln
--One 97 Comm Jan-Mar consol PAT INR 1.84 bln vs loss INR 5.40 bln yr ago
--One 97 Comm Jan-Mar consol revenue INR 22.64 bln vs INR 19.12 bln yr ago
--One 97 Comm FY26 consol PAT INR 5.53 bln vs loss INR 6.59 bln yr ago
--One 97 Comm Q4 consol EBITDA INR 1.32 bln vs loss INR 880 mln year ago
--One 97 Comm:Expect sales growth to accelerate FY27, EBITDA margin to expand
--One 97 Comm: Expect revenue in FY27 to rise faster than FY26
--One 97 Comm: See indirect costs to grow meaningfully slower than FY27 sales
--One 97 Comm Jan-Mar payment services revenue INR 12.65 bln, up 21% on year
--One 97 Comm Q4 fincl services distribution sales INR 7.50 bln, up 38% YoY
--One 97 Comm Q4 consol indirect expenses at INR 11.22 bln, down 3% on year
--One 97 Comm Jan-Mar consol EBITDA margin 6% vs (-)5% year ago
--One 97 Comm registered merchants at 49 mln on Mar 31, up 11% on year
By Kabir Sharma
MUMBAI – One 97 Communications Ltd. reported a net profit for the March quarter compared to a loss a year due to a subtantial rise in revenue. Sequentially, the bottom line declined due to a rise in marketing and promotional expenses.
The company reported a consolidated net profit of INR 1.84 billion for the March quarter, down 18% on quarter. In the year ago quarter the company had reported a loss of INR 5.40 billion. The net profit was substantially lower than analyst estimates of INR 2.28 billion.
Total revenue from operations rose 18% on year to INR 22.64 billion in the quarter ended March. The rise in revenue was also slightly lower than analysts' estimates who had pegged the topline at INR 22.80 billion. Revenue from payment services, the largest contributor to total revenue, rose 21% on year to INR 12.65 billion in the reporting quarter. In Jan-Mar, financial services distribution revenue was at INR 7.50 billion, up 38% on year.
"Revenue growth in FY2027 (Apr-Mar) expected to be higher than the 22% delivered in FY2026 and indirect expenses will grow meaningfully slower than revenue," the company said in a press release.
Other income of the company fell 21% on year and 16% on quarter to INR 1.78 billion. Other income declined in Jan-Mar on account of reinvestment of maturing investments at lower yields following the 125 basis points repo rate cuts last year. This trend is expected to continue in FY27, the company said.
Consolidated earnings before interest, taxes, depreciation, and amortisation rose to INR 1.32 billion against a loss of INR 880 million loss year ago. Consolidated EBITDA margin rose to 6% from (-)5% a year ago.
Indirect expenses fell 3% during the reporting quarter to INR 11.22 billion. The company said it sees indirect costs growing meaningfully slower than revenue in FY27. Registered merchants of the company rose 11% on year to 49 million.
For the year ended March, the company reported a consolidated net profit of INR 5.53 billion compared with a loss of INR 6.59 billion a year ago. Consolidated revenue rose to INR 84.37 billion from INR 69.00 billion a year ago.
On Wednesday, shares of One 97 Communications closed 2.08% higher at INR 1,110.60 on the National Stock Exchange. End
Edited by Deepshikha Bhardwaj
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