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Informist, Tuesday, Jul. 21, 2026

 

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--One 97 Comm Apr-Jun consol net profit INR 2.20 bln 
--Analysts saw One 97 Comm Apr-Jun consol net profit INR 2.00 bln 
--One 97 Comm Apr-Jun consol revenue INR 24.48 bln 
--Analysts saw One 97 Comm Apr-Jun consol revenue INR 23.88 bln 
--One 97 Comm Q1 consol revenue INR 24.48 bln vs INR 22.64 bln qtr ago 
--One 97 Comm Q1 consol net profit INR 2.20 bln vs INR 1.84 bln qtr ago 
--One 97 Comm Q1 fincl services distribution sales INR 8.14 bln, up 9% on qtr 
--One 97 Comm Q1 consol payment services revenue INR 13.84 bln, up 9% on qtr 
--One 97 Comm Q1 consol mkting svcs revenue INR 2.39 bln, unch from qtr ago 
--One 97 Comm:Board OKs proposal to revise remaining IPO proceeds utilisation 
--One 97 Comm Apr-Jun consol EBITDA at INR 2.03 bln vs INR 1.32 bln qtr ago 
--One 97 Comm:Cash balance INR 135.29 bln on Jun 30 vs INR 133.15 bln qtr ago 
 

 

By Pratiksha

 

NEW DELHI – One 97 Communications Ltd.'s net profit for the June quarter jumped on year on the back of healthy growth in revenue from operations, primarily driven by the payment services business. 

 

The fintech company beat analysts' expectations for the June quarter with a profit of INR 2.20 billion. Analysts had estimated One 97 Communications' net profit to rise 44% on year to INR 2.00 billion in the June quarter. 

 

The company's revenue from operations jumped almost 28% on year to INR 24.48 billion in the June quarter. Sequentially, the company's net sales rose over 8%. The rise in revenue was also higher than analysts' estimates, who had pegged the topline at INR 23.88 billion. 

 

Revenue from payment services, the largest contributor to total revenue, rose 33% on year to INR 13.84 billion in the reporting quarter. In Apr-Jun, financial services distribution revenue was INR 8.14 billion, up 45% on year.  

 

However, the company's other income fell over 24% on year to INR 1.82 billion. Marketing services revenue also declined 3% on year to INR 2.39 billion. The company expects other income to remain broadly steady through FY27.

 

Total expenses of the company during the quarter under review rose over 18% on year to INR 23.83 billion. Of this, payment processing charges went up sharply by 37% to INR 7.94 billion. Employee benefit costs also rose steadily by 16% on year to INR 7.42 billion, limiting the rise in bottom line. 

 

The consolidated earnings before interest, tax, depreciation, and amortisation rose to INR 2.03 billion from INR 720 million a year ago. The consolidated EBITDA margin rose to 8% from 4% a year ago. "We have even better visibility to achieve these (EBITDA) margins, due to accelerating top line growth and the opportunity for AI to drive operating leverage faster, as well as set higher margin targets for the long term," the company said. 

 

The company's contribution margin fell to 55% in Apr-Jun from 59% a year ago. Indirect expenses rose 6% on year to INR 11.47 billion during the reporting quarter. Registered merchants of the company rose 12% on year to 50 million. 

 

The company's total cash balance rose to INR 135.29 billion, up by INR 6.57 billion year on year. "We do have a large cash balance, and want to maintain that position of being very well capitalised," the company said. "We are working on attractive organic and inorganic opportunities, and are seeing early signs through MTF (Margin Trade Funding), etc. for partial use of this capital with high RoI," it added. 

 

The company's board has approved a proposal to seek shareholder approval to revise the utilisation of the remaining initial public offer proceeds of INR 81.19 billion. On Monday, shares of One 97 Communications closed flat at INR 1,347 on the National Stock Exchange.  End

 

Edited by Avishek Dutta

 

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