Latest news with #One97CommunicationsLtd
Business Standard
13-05-2025
- Business
- Business Standard
Volumes soar at One 97 Communications Ltd counter
One 97 Communications Ltd clocked volume of 302.96 lakh shares by 10:47 IST on BSE, a 79.6 times surge over two-week average daily volume of 3.81 lakh shares Metro Brands Ltd, DLF Ltd, Kajaria Ceramics Ltd, JM Financial Ltd are among the other stocks to see a surge in volumes on BSE today, 13 May 2025. One 97 Communications Ltd clocked volume of 302.96 lakh shares by 10:47 IST on BSE, a 79.6 times surge over two-week average daily volume of 3.81 lakh shares. The stock lost 2.13% to Rs.847.90. Volumes stood at 2.1 lakh shares in the last session. Metro Brands Ltd clocked volume of 72443 shares by 10:47 IST on BSE, a 41.72 times surge over two-week average daily volume of 1736 shares. The stock gained 1.80% to Rs.1,105.95. Volumes stood at 2429 shares in the last session. DLF Ltd registered volume of 15.48 lakh shares by 10:47 IST on BSE, a 13.53 fold spurt over two-week average daily volume of 1.14 lakh shares. The stock rose 0.06% to Rs.681.15. Volumes stood at 1.3 lakh shares in the last session. Kajaria Ceramics Ltd saw volume of 2.25 lakh shares by 10:47 IST on BSE, a 10.99 fold spurt over two-week average daily volume of 20456 shares. The stock increased 0.28% to Rs.846.55. Volumes stood at 18624 shares in the last session. JM Financial Ltd notched up volume of 9.08 lakh shares by 10:47 IST on BSE, a 9.68 fold spurt over two-week average daily volume of 93805 shares. The stock rose 5.06% to Rs.111.00. Volumes stood at 1.84 lakh shares in the last session.
Hans India
13-05-2025
- Business
- Hans India
Paytm sees large trade order involving 1.7 crore shares, stock falls marginally
Shares of One97 Communications Ltd, the parent company of Paytm, declined marginally on Tuesday after stock worth Rs 2,380 crore changed hands in multiple large trade order involving 1.7 crore shares. While the buyers and sellers in the trade were not known, reports suggested that Alibaba Group's subsidiary Antfin was the likely seller. According to reports, Antfin, the second largest shareholder in One 97 Communications with a stake of 9.85 per cent, sought to offload 4 per cent stake in the financial services major. The fintech giant had set the floor price at Rs 809.75 apiece, marking a 6 per cent discount from the previous close. Multinational investment banks Citigroup and Goldman Sachs are the merchants for this deal, reports NDTV profit. Shares of Paytm fell as much as 4.10 per cent to Rs 830.55 apiece, the lowest level since May 9. It later pared losses to trade 2 per cent lower at Rs 849 apiece. The stock has risen 145.24 per cent in the last 12 months and fallen 16.73 per cent year-to-date. Last week, One97 Communications Limited reported a 15.7 per cent drop in revenue to Rs 1,911.5 crore for the January-March 2025 period (Q4 FY25), compared to Rs 2,267.1 crore in the same quarter of the last fiscal (Q4 FY24). The weaker revenue performance comes despite an increase in other income, which rose by nearly Rs 100 crore to Rs 223.8 crore, as per the company's stock exchange filing. However, that wasn't enough to offset broader pressures, and the company reported a net loss of Rs 544.6 crore for the quarter. In a notable move last month, Paytm CEO Vijay Shekhar Sharma gave up 21 million ESOPs, triggering a one-time non-cash expense of Rs 492 crore. Paytm added that the payments industry is hopeful of regulatory clarity soon on allowing merchant discount rates (MDR) for large UPI transactions, which could help improve margins. In the fourth quarter of FY25, Paytm generated Rs 1,098 crore in revenue from its Payment Services segment, which includes other operating income. The Financial Services segment remained a key growth driver, posting a 9 per cent quarter-on-quarter (QoQ) rise in revenue to Rs 545 crore.
Business Insider
10-05-2025
- Business
- Business Insider
Bernstein Keeps Their Buy Rating on One 97 Communications Ltd. (PAYTM)
Bernstein analyst Pranav Dheeeraj Gundlapalle maintained a Buy rating on One 97 Communications Ltd. (PAYTM – Research Report) on May 6 and set a price target of INR1,100.00. The company's shares closed yesterday at INR833.00. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. One 97 Communications Ltd. has an analyst consensus of Moderate Buy, with a price target consensus of INR991.67, which is a 19.05% upside from current levels. In a report released on May 7, Citi also maintained a Buy rating on the stock with a INR975.00 price target.
Mint
08-05-2025
- Business
- Mint
Paytm's Sharma settles Sebi case, barred from new Esops for 3 years
Vijay Shekhar Sharma, the founder and managing director of One97 Communications Ltd, has settled a regulatory probe initiated by the Securities and Exchange Board of India (Sebi) over alleged irregularities in the grant of employee stock options (Esops) ahead of the fintech's 2021 initial public offering. Sebi accepted revised terms proposed by Sharma, his brother Ajay Shekhar Sharma and One97 Communications Ltd (OCL), closing enforcement proceedings without admission or denial of guilt, according to the settlement order dated 8 May. Under the agreement, Vijay Shekhar Sharma has been barred from accepting Esops from any listed company for three years. The regulator's probe centered around 2.1 crore Esops granted to Sharma in October 2021 and over 2.2 lakh options given to his brother in May 2022 after Sharma allegedly declassified himself as a promoter just days before Paytm filed its initial public offering (IPO) documents. Also read: Sebi alleges Synoptics used IPO funds to inflate own stock on market debut Sebi noted that Sharma, who had earlier been disclosed as a promoter of the company in filings with the Registrar of Companies, reclassified himself as a non-promoter on 12 July 2021—just three days before the IPO filing. The regulator alleged that this move, coupled with the transfer of a portion of Sharma's equity to a family trust controlled by him, allowed him to retain effective control while becoming eligible for a large Esop allotment—something restricted under Sebi's share based employee benefits regulations for promoters holding more than 10% stake. The settlement terms include the cancellation of all such unexercised Esops granted to the Sharma brothers. Additionally, Sharma will pay a monetary settlement of ₹1.11 crore and One97 Communications will pay a similar amount. Ajay Sharma will pay ₹57.11 lakh and disgorge gains of ₹35.86 lakh from the sale of shares obtained through the exercised Esops. Also read: Sebi defers rollout of common contract note for FPIs to July Sebi's order emphasized the importance of transparency and fairness in the administration of employee benefit schemes, particularly in the run-up to public issues. 'OCL and Mr. Vijay Shekhar Sharma made incorrect disclosures in the offer documents by disclosing Mr. Vijay Shekhar Sharma as a non-promoter public shareholder," Sebi observed. In its settlement process, the regulator's high-powered advisory committee and anel of whole-time members cleared the revised terms submitted in January and March 2025, respectively. The applicants remitted their settlement and disgorgement amounts in April, following which Sebi issued the closure order. While the settlement closes this chapter of regulatory action, Sebi has reserved the right to reopen proceedings, if any representation made during the process is found to be untrue or if the applicants breach any conditions of the settlement. Also read: Sebi plans raising MF exposure limit in REITs, InvITs; experts flag tax concerns Paytm, which debuted on the Indian stock exchanges in November 2021 with a ₹18,300 crore public issue, has faced scrutiny over its business model, profitability and governance since listing.
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Business Standard
06-05-2025
- Business
- Business Standard
'Exceptional item' keeps Paytm in loss with ₹540 crore hit in Q4FY25
One97 Communications Ltd (OCL), the company that operates the Paytm brand, posted a consolidated loss of ₹539.8 crore in the fourth quarter of 2024-25 (Q4FY25), slightly lower from the ₹549.6 crore it reported in Q4FY24. Sequentially, the fintech company's loss widened from ₹208.3 crore in Q3FY25 on account of a one-time exceptional expense amounting to ₹522 crore during the quarter ended March 2025. This was largely driven by Managing Director & Chief Executive Officer Vijay Shekhar Sharma forgoing employee stock ownership plan (Esops), leading to an expense of ₹492.4 crore. OCL's net loss would have stood at ₹23 crore in the absence of the exceptional item on its balance sheet. The Noida-based company's losses for full FY25 were significantly lower at ₹658.7 crore, down from ₹1,417 crore in FY24. 'We will definitely aim for 200 to 250 million customers on our platform. I'm not talking about… GMV (gross merchandise value) or transaction market share but about highly repeated usage by 250 million users because it is a material number of users (that will) matter on our platform,' Sharma said in a call with analysts. Sharma's comments came as Paytm saw a sharp 25 per cent year-on-year reduction in monthly transacting users (MTUs) on its app during the quarter ended March. MTUs were down to 72 million in Q4FY25 from 96 million in Q4FY24. Meanwhile, OCL's revenue from operations declined 15.7 per cent to ₹1,911.5 crore in Q4FY25 from ₹2,267.1 crore in Q4FY24. Sequentially, revenue from operations grew marginally by 4.6 per cent from ₹1,827.8 crore in Q3FY25. Its revenue from operations for FY25 stood at ₹6,900.4 crore, a 30.8 per cent decrease from ₹9,977.8 crore in FY24. The fintech major has trimmed its expenses to ₹2,154.9 crore in Q4FY25, a 19.9 per cent reduction from ₹2,691.4 crore in Q4FY24. On a quarter-on-quarter (QoQ) basis, expenses saw a minor decline of 2.9 per cent from ₹2,219.8 crore in Q3FY25. It reduced expenses by 21.9 per cent in FY25 — to ₹9,095.9 crore from ₹11,644.6 crore in FY24. Paytm received ₹70 crore in FY25 as incentives for India's real-time payments system Unified Payments Interface (UPI), significantly lower than the ₹288 crore in FY24. The reduction in incentives follows a cut in the Centre's budget allocation for promoting the real-time payments system this year. Asked about the return of the Paytm wallet, which is under restrictions following a diktat from the regulator, Sharma said the company might be close to a 'breakthrough'. 'I really wish we would have had it by now… but we may be near a breakthrough or some solution…,' he added. The number of merchant subscriptions, which includes the number of payment acceptance devices, grew to 12.4 million in Q4FY25, up 15.9 per cent from 10.7 million in Q4FY24. Registered merchants stood at 44 million at the end of Q4FY25. Revenue from financial services stood at ₹545 crore in Q4FY25, a 79 per cent increase from ₹304 crore in Q4FY24. Its revenue from payments services declined 33 per cent to ₹1,046 crore from ₹1,554 crore. It distributed personal and merchant loans worth ₹5,738 crore in Q4FY25, up 13 per cent from ₹5,079 crore in the same quarter the previous year. The company's cash balance stood at ₹12,809 crore at the end of FY25, compared with ₹8,650 crore at the end of FY24. The cash balance growth on account of the sale of its entertainment ticketing business to Zomato and monetisation of its stock acquisition rights in Japan-based PayPay.
