Latest news with #151
Mint
23-07-2025
- Business
- Mint
Paytm share price drops 3.5% after hitting 52-week high. Should you buy, sell or hold after Q1 profit?
Shares of Paytm parent company One97 Communications reversed gains as it declined over 3.51 per cent after hitting a 52-week high in Wednesday's early morning session following the announcement of the Q1 results for fiscal year 2025-26 (FY26) a day ago. Paytm share price opened at fresh high of ₹ 1,090 apiece today. However, it declined quickly to ₹ 1,039, giving up early gains. On Tuesday, One97 Communications share price rose 3.5 per cent to close at ₹ 1,053.10. The stock has gained over 5 per cent in past five trading sessions and nearly 19 per cent in a month. The company posted a consolidated net profit of ₹ 122.5 crore in Q1FY26, a significant improvement from a net loss of ₹ 839 crore in the same period last year. Its operating revenue climbed 28% year-on-year to ₹ 1,917 crore, up from ₹ 1,502 crore in Q1FY25. On a quarter-on-quarter basis, revenue growth was modest at 0.3%, compared to ₹ 1,911 crore in Q4FY25, when the firm had recorded a net loss of ₹ 540 crore. The revenue boost was driven by a rise in subscription-based merchants, increased Gross Merchandise Value (GMV), and higher income from financial services distribution. The company reported a turnaround in its financials, with EBITDA reaching ₹ 72 crore (a 4% margin) and profit after tax (PAT) at ₹ 123 crore. This improvement was attributed to AI-driven operational efficiencies, a disciplined approach to cost management, and increased other income, according to the company's filing. 'In Q1 FY26, Paytm delivered a steady performance, turning profitable across key financial metrics and reinforcing its leadership in India's digital payment ecosystem. Operating revenue grew 28% YoY to Rs.1,918 crore, driven by a surge in merchant subscriptions, rising Gross Merchandise Value (GMV) of Rs.5.4 lakh crore (+27% YoY), and a 100% YoY increase in financial services distribution revenue to Rs. 561 crore. The company's contribution profit surged 52% YoY to Rs.1,151 crore with a robust contribution margin of 60%, reflecting improved net payment revenue, a favorable shift towards non-default loss guarantee (non-DLG) loan disbursements, and tighter control on direct expenses. EBITDA turned positive at Rs.72 crore, and PAT came in at Rs.123 crore, aided by improved operational leverage and higher other income,' said Seema Srivastava, Senior Research Analyst at SMC Global Securities. Srivastava further added, ' Moreover, net payment revenue rose 38% YoY to ₹ 529 crore, and merchant device subscriptions reached an all-time high of 1.30 crore. Strategic cost rationalization was evident, with indirect expenses (ex-ESOP) down 19% YoY and ESOP costs slashed 88% YoY due to voluntary surrenders. Despite a decline in marketing service revenue ( ₹ 247 crore, -23% YoY), the company continued to optimize ad targeting using AI. The quarter also highlighted strong adoption of AI across operations from fraud detection to personalized product offerings. With ₹ 12,872 crore in cash reserves and reduced ESOP and D&A burdens, Paytm is well-positioned for sustained profitability. Its AI-driven, full-stack merchant ecosystem and increased focus on non-DLG lending mark a strategic pivot toward high-margin, scalable revenue streams.' Brokerage firm Motilal Oswal has reiterated its 'neutral' rating on the Paytm stock, with a target price of ₹ 1,025. 'We maintain our contribution profit estimates and project Paytm to turn EBITDA positive by FY26. We value PAYTM at ₹ 1,025 based on 21x FY27E EBITDA, which corresponds to 6.8x FY27E sales. We reiterate our NEUTRAL rating on the stock,' the brokerage firm said in a note. Meanwhile, global brokerage firm Jefferies has upgraded the Paytm stock to 'buy' from earlier rating of 'hold', along with raising the target price to ₹ 1,250 from ₹ 900 earlier after the Q1 results. Jefferies is of the view that although the sequential growth in Monthly Transacting Users (MTU) and Gross Merchandise Value (GMV) is promising, contribution margins are likely to settle at slightly lower levels over the next two to three quarters.
The Sun
04-06-2025
- Business
- The Sun
RM50 Note Becomes RM2.15M Win, Man Donates All to School
WHAT started as a forgotten RM50 banknote tucked away in a wallet has transformed into a RM2.15 million windfall and an extraordinary act of generosity that would make any ancestor proud. A self-employed man has stunned the lottery community by winning RM2,151,664.00 in the Da Ma Cai 3+3D Bonus game - and immediately pledging the entire amount to his former primary school, fulfilling a sacred promise made to his late ancestors. The remarkable chain of events began a month ago when the man casually purchased 1+3D numbers at a Da Ma Cai outlet, winning a modest RM60. After exchanging his winnings at the counter, he received change that included a single RM50 note, which remained untouched in his wallet for weeks. A prayer that changed everything The turning point came during a moment of quiet reflection when the man found himself praying to his ancestors. In that spiritual moment, he made a heartfelt vow that would soon be tested by fate. 'If I ever win big, I'll donate all of it to my primary school,' he promised. Almost immediately after his prayer, he remembered the forgotten RM50 note. Upon examining it, the serial number 041 seemed to call out to him with an inexplicable significance. 'It just felt... right,' the winner recalled, describing the moment that would change his life forever. Acting on pure instinct, he placed a Box bet using the three-number combination from the serial number. For the bonus zodiac selection, he chose Tiger - a meaningful tribute to the zodiac sign shared by the influential figures who had shaped his journey. Disbelief turns to determination When the Da Ma Cai mobile app dmcGO notification arrived confirming his 3rd Prize victory in the 3+3D Bonus game, the man's reaction was both humorous and human. 'I actually slapped myself - hard - to make sure I wasn't dreaming,' he laughed, recounting the surreal moment of discovering his multi-million ringgit win. However, what followed was even more extraordinary than the win itself. Honouring family legacy In an era where lottery winners often indulge in luxury purchases and exotic holidays, this winner chose a radically different path. Inspired by the legacy of his late grandfather and great-grandfather - both educators and generous school donors - he immediately committed to donating his entire winnings to his beloved primary school. 'I just want to give back, like they did,' he said with characteristic humility, demonstrating that true wealth lies not in what we keep, but in what we give away. The decision reflects a deep respect for family tradition and educational values that transcends personal gain. His ancestors' dedication to supporting educational institutions has clearly left an indelible mark on his character and priorities. More than just luck This story represents far more than a fortunate lottery win. It's a testament to the power of faith, family values, and keeping one's word - even when that word was spoken in a moment of spiritual reflection. From a discarded bank note to a life-changing fortune, the winner's journey illustrates how sometimes the most extraordinary miracles begin with the simplest acts of faith and remembrance.
The Sun
04-06-2025
- Business
- The Sun
Man turns forgotten RM50 note into RM2.15 mil Jackpot, donates entire winnings to primary school
WHAT started as a forgotten RM50 banknote tucked away in a wallet has transformed into a RM2.15 million windfall and an extraordinary act of generosity that would make any ancestor proud. A self-employed man has stunned the lottery community by winning RM2,151,664.00 in the Da Ma Cai 3+3D Bonus game - and immediately pledging the entire amount to his former primary school, fulfilling a sacred promise made to his late ancestors. The remarkable chain of events began a month ago when the man casually purchased 1+3D numbers at a Da Ma Cai outlet, winning a modest RM60. After exchanging his winnings at the counter, he received change that included a single RM50 note, which remained untouched in his wallet for weeks. A prayer that changed everything The turning point came during a moment of quiet reflection when the man found himself praying to his ancestors. In that spiritual moment, he made a heartfelt vow that would soon be tested by fate. 'If I ever win big, I'll donate all of it to my primary school,' he promised. Almost immediately after his prayer, he remembered the forgotten RM50 note. Upon examining it, the serial number 041 seemed to call out to him with an inexplicable significance. 'It just felt... right,' the winner recalled, describing the moment that would change his life forever. Acting on pure instinct, he placed a Box bet using the three-number combination from the serial number. For the bonus zodiac selection, he chose Tiger - a meaningful tribute to the zodiac sign shared by the influential figures who had shaped his journey. Disbelief turns to determination When the Da Ma Cai mobile app dmcGO notification arrived confirming his 3rd Prize victory in the 3+3D Bonus game, the man's reaction was both humorous and human. 'I actually slapped myself - hard - to make sure I wasn't dreaming,' he laughed, recounting the surreal moment of discovering his multi-million ringgit win. However, what followed was even more extraordinary than the win itself. Honouring family legacy In an era where lottery winners often indulge in luxury purchases and exotic holidays, this winner chose a radically different path. Inspired by the legacy of his late grandfather and great-grandfather - both educators and generous school donors - he immediately committed to donating his entire winnings to his beloved primary school. 'I just want to give back, like they did,' he said with characteristic humility, demonstrating that true wealth lies not in what we keep, but in what we give away. The decision reflects a deep respect for family tradition and educational values that transcends personal gain. His ancestors' dedication to supporting educational institutions has clearly left an indelible mark on his character and priorities. More than just luck This story represents far more than a fortunate lottery win. It's a testament to the power of faith, family values, and keeping one's word - even when that word was spoken in a moment of spiritual reflection. From a discarded bank note to a life-changing fortune, the winner's journey illustrates how sometimes the most extraordinary miracles begin with the simplest acts of faith and remembrance.
Express Tribune
16-05-2025
- Business
- Express Tribune
Golf prices in Pakistan Today, Friday, May 16, 2025
Listen to article Gold prices in Pakistan rose on Friday, mirroring a positive trend in the international market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola (approximately 11.66 grams) increased by Rs900 during the day, reaching Rs336,100. Similarly, the price of 10 grams of gold climbed by Rs772 to close at Rs288,151. This increase follows a decrease in gold prices on Thursday, when the price per tola fell by Rs6,700 to Rs335,200. On the international front, gold also gained value on Friday. The rate rose by $9 to reach $3,177 per ounce, with an additional premium of $20, according to APGJSA data. Meanwhile, silver prices remained steady, with the rate per tola holding at Rs3,377.
Business Recorder
16-05-2025
- Business
- Business Recorder
Gold price per tola gains Rs900 in Pakistan
Gold prices in Pakistan increased in line with their gain in the international market. In the local market on Friday, gold price per tola reached Rs336,100 after it gained Rs900 during the day. As per the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA),10-gram gold was sold at Rs288,151, after it increased by Rs772. On Thursday, gold price per tola reached Rs335,200 after it shed Rs6,700 during the day. Meanwhile, the international rate of gold also gained on Friday. The rate was at $3,177 per ounce (with a premium of $20), an increase by $9, as per APGJSA. Meanwhile, silver price per tola remained stable at Rs3,377.
