Copyright news18
Paytm Share Price: Shares of One97 Communications, the parent company of Paytm, jumped nearly 4% to Rs 1,310.05 apiece on Thursday, November 6, despite the fintech major reporting a sharp decline in its net profit to Rs 21 crore for the September quarter, compared with Rs 928 crore in the same period last year. The stock has been on a short-term uptrend, rising 7% in the past month and over 61% in six months. Paytm Q2 Results 2025 Paytm’s consolidated net profit for Q2FY26 dropped 98% year-on-year to Rs 21 crore from Rs 928 crore last year. The fall was mainly due to a one-time impairment charge of Rs 190 crore linked to its joint venture, First Games Technology. Excluding this, profit after tax stood at Rs 211 crore. The profit last year had benefited from a one-time gain of Rs 1,345 crore from selling its movie and ticketing business to Zomato. Revenue from operations rose 24% YoY to Rs 2,061 crore, driven by higher subscription merchants, payments GMV, and expansion in financial services. EBITDA jumped 95.8% to Rs 141 crore from Rs 72 crore sequentially, while the margin improved to 6.8% from 3.8%, highlighting efficiency gains. Contribution profit surged 35% YoY to Rs 1,207 crore, with margins up 5 percentage points to 59%. Brokerage Views: Buy or Sell? JM Financial maintained a ‘Buy’ rating, raising its target price to Rs 1,470, citing improved efficiencies and higher revenue from payments and financial services. Anshul Jain of Lakshmishree Research said Paytm’s technical setup remains bullish above Rs 1,271, projecting a potential move toward Rs 1,955 in the medium term. Dolat Capital cut revenue estimates by 2.7% and 6.1% for FY26 and FY27, respectively, but retained its ‘Buy’ rating, hiking the target to Rs 1,650 from Rs 1,400. Emkay Global also retained its ‘Buy’ rating, raising its target to Rs 1,600, noting Paytm’s attractive risk-reward and long growth runway in financial services. Mirae Asset Capital downgraded the stock to ‘Add’ from ‘Buy’ after a 10% monthly rally, with a target of Rs 1,430. Motilal Oswal maintained a ‘Neutral’ stance with a target of Rs 1,200. Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
