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Shares of One97 Communications, the parent company of Paytm, jumped as much as 6 per cent to Rs 1,186 on Wednesday
Paytm share price today
Shares of One97 Communications, the parent company of Paytm, jumped as much as 6 per cent to Rs 1,186 on Wednesday, August 13, after the Reserve Bank of India (RBI) granted its subsidiary, Paytm Payments Services Ltd. (PPSL), in-principle approval to operate as an online payment aggregator.
The approval allows PPSL — a wholly owned arm of One97 Communications — to resume onboarding merchants, a process halted by the RBI since November 2022. Alongside lifting the ban, the central bank has mandated a comprehensive system audit, including a cybersecurity review, to be completed and submitted within six months. Failure to do so will lead to the provisional approval lapsing, with no final licence consideration.
Paytm had earlier downplayed the impact of the ban, noting it only affected new online merchants. The freeze period also coincided with Antfin’s complete exit from the company via block deals, following Berkshire Hathaway’s earlier divestment, both at a loss.
The regulatory boost comes shortly after Paytm posted its first-ever profit for the June quarter. For Q1FY26, One97 Communications reported a consolidated net profit of Rs 123 crore, a sharp turnaround from a Rs 839 crore loss a year earlier. The rebound was driven by strong growth in its lending business and tighter cost controls, particularly in marketing and employee expenses.
Ebitda for the quarter stood at Rs 72 crore, reversing losses from the previous two quarters, supported by operating leverage and improved margins across business segments. Revenue from operations rose 28 per cent year-on-year to Rs 1,918 crore, while total income, including other income, reached Rs 2,159 crore.
As of 9:30 am, the stock was trading at Rs 1,181 on the NSE, up 5.45 per cent from the previous close. Paytm shares have gained over 17 per cent in the past month.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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