Earnings Review
One 97 Communications springs back to profit in Q3
This story was originally published at 22:06 IST on 29 January 2026
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--One 97 Comm Oct-Dec consol net profit INR 2.25 bln
--Analysts saw One 97 Comm Oct-Dec consol net profit at INR 2.17 bln
--One 97 Comm Oct-Dec consol revenue INR 21.94 bln
--Analysts saw One 97 Comm Oct-Dec consol revenue at INR 21.89 bln
--One 97 Comm Q3 consol net profit INR 2.25 bln vs loss INR 2.08 bln yr ago
--One 97 Comm Oct-Dec consol revenue INR 21.94 bln vs INR 18.28 bln yr ago
--One 97 Comm appoints Vijay Shekhar Sharma as MD, CEO of Paytm Payment Svcs
--One 97 Comm Apr-Dec consol net profit INR 3.69 bln vs loss INR 1.19 bln
--One 97 Comm Apr-Dec consol revenue INR 61.73 bln vs INR 49.89 bln yr ago
--One 97 Comm Oct-Dec labour code implementation cost INR 120 mln
By Divya Moolayattil
MUMBAI - One 97 Communications Ltd. returned to profitability in the December quarter on a year-on-year basis, driven by a rise in total income and a fall in expenses. The consolidated net profit also rose sharply sequentially due to a low base in the September quarter, which was impacted by an impairment loss against a loan given to its joint venture. The bottom line for the quarter was better than analysts' estimates.
Paytm's parent company posted a consolidated net profit of INR 2.25 billion in the December quarter against a loss of INR 2.09 billion in the year-ago quarter. Sequentially, the bottom line increased around 11 times from INR 210 million. Analysts had expected a net profit of INR 2.17 billion for the reporting quarter.
In the September quarter, the company had recorded an impairment loss due to INR 1.9 billion loan given to First Games Technology, an online gaming venture, after the government's implementation of the Promotion and Regulation of Online Gaming Act, 2025.
The company's consolidated revenue for the December quarter was INR 21.94 billion, up 20% on year and 6.45% on quarter. The top line for the reporting quarter was in line with analysts' expectations at INR 21.89 billion. Total expenses fell over 2% on year and over 5% on quarter to INR 21.75 billion. The company had booked an incremental expense of INR 120 million during the quarter due to implementation of new labour codes.
The company's Apr-Dec consolidated net profit was INR 3.69 billion against the loss of INR 1.19 billion in the year-ago period. The consolidated revenue was INR 61.73 billion for Apr-Dec, compared to INR 49.89 billion a year ago.
One 97 Communication has appointed Vijay Shekhar Sharma as the Managing Director and Chief Executive Officer of Paytm Payments Services Ltd. for five years, effective Jan. 29.
The company announced its December quarter results after market hours. Thursday, shares of the company closed nearly 1% lower at INR 1,168.10 on the National Stock Exchange. End
Edited by Deepshikha Bhardwaj
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