Shares of One 97 Communications, the parent company of Paytm, failed to sustain early momentum on Tuesday despite reporting a significant improvement in profitability for the first quarter of fiscal 2027.
The stock initially rose 2.5% before paring those gains, reflecting cautious investor sentiment even as the company delivered a strong financial performance.
The fintech firm reported that consolidated net profit surged 79% year-on-year to ₹220 crore for the quarter ended June 2026.
The fintech firm reported that consolidated net profit surged 79% year-on-year to ₹220 crore for the quarter ended June 2026.
This sharp rise in earnings underscores the company's ongoing efforts to stabilize its balance sheet and improve operational efficiency following previous periods of volatility.
Revenue also showed signs of stabilization, contributing to the bottom-line improvement.
Brokerage firms responded positively to the results, with Citi raising its target price for the stock to ₹1,560 while maintaining a buy rating.