Page 5 - One97 Communications

Paytm expects to sustain performance, completes Rs 796 cr share buyback

Digital financial services firm One97 Communications, which operates under the Paytm brand, expects to sustain operational profit growth, company's founder and CEO Vijay Shekhar Sharma said on Monday. Paytm's EBITDA (earnings before interest, taxes, depreciation, and amortization), an indicator of operational profit, before ESOP cost margin improved to Rs 31 crore during the third quarter ended December 31, 2022. The company has calculated an incentive of Rs 130 crore from UPI transactions in three quarters but Sharma said that the incentive may technically make the fourth quarter a free cash flow positive quarter but Paytm will report as a one-time item. "UPI incentive will be one-off and we will explicitly call out as one-off. Rs 130 crore that we are quoting is for three quarters. The fourth quarter number will be topped on top of it. Because we are calling it one-time item, we are not calling it free cash flow generative. We would rather say free cash flow generative when we ar

Paytm's consolidated net loss narrows to Rs 392 crore in third quarter

Digital financial services firm One97 Communications on Friday said it has narrowed its consolidated net loss to Rs 392 crore in the third quarter ended December 2022. The company had posted a net loss of Rs 778.4 crore in the same period a year ago. Its revenue from operations jumped about 42 per cent to Rs 2,062.2 crore during the quarter from Rs 1,456.1 crore in the year-ago period. Paytm founder and CEO Vijay Shekhar Sharma said the company during the reported quarter has achieved its target for operational profit, excluding ESOP cost. "I wrote to you on April 6, 2022, and set a target for EBITDA before ESOP cost breakeven by the September 2023 quarter. "I am very happy to share that our company has achieved this milestone of EBITDA before ESOP cost profitability in the December 2022 quarter itself. This is three quarters ahead of our guidance," Sharma said. Shares of the company closed 3.83 per cent down at Rs 524.9 apiece on BSE. The financial result of the company came af

India's fallen tech darlings value buys for Franklin after $20 bn wipeout

Funds managed by Franklin Templeton bought at least 3.3 million shares of e-commerce logistics provider Delhivery Ltd. and more than 2 million shares of PB Fintech Ltd

Zero MDR a force-multiplier of economic growth: Paytm chief at BFSI summit

We will be known as (the) consumer technology builder of the world,' said Sharma at the Business Standard BFSI Insight Summit in Mumbai on Wednesday

Paytm board approves Rs 850-crore share buyback via open market

Company's directors and key management personnel will not sell any shares during the buyback period

Paytm board to consider share buyback today; check all details here

According to the company's liquidity report, Paytm has liquidity of Rs 9,182 crore, and in November, the company stated that it would become cash flow positive in the next 12-18 months

Paytm can't use IPO proceeds for buyback; co's liquidity to be used: Report

One 97 Communications Ltd, the operator of India's largest digital payments provider Paytm, cannot use proceeds of its mega initial public offering (IPO) for the proposed repurchase of its own shares, as rules prohibit such a move, sources said, adding the firm will use its strong liquidity for the purpose. Paytm has a liquidity of Rs 9,182 crore, as per its last earnings report. The company's board is scheduled to meet on December 13 to consider a share buyback proposal. "The management believes that given the company's prevailing liquidity/ financial position, a buyback may be beneficial for our shareholders," it had stated in an exchange filing on Thursday. After a much-watched listing late last year, the stock is down 60 per cent in 2022 amid a global tech selloff and questions swirl around the firm's profitability, competition and costs related to marketing and employee stock options. Sources said regulations prevent any company from using IPO proceeds for a share buyback. Pa

Paytm surges 7% on share buyback plan; board to meet on Dec 13

The company in a release to the exchanges said that the management believes that given the company's prevailing liquidity/ financial position, a buyback may be beneficial to the shareholders.

Stocks to Watch: Paytm, HUL, ICICI Bank, HDFC Bank, Jindal Steel, Pharma

Stocks to Watch Today: Shares of Paytm are likely to be in limelight as the company plans share buyback; board to meet on December 13.

Risk-reward favourable for Paytm; may rise more than 100% in 1 yr: Analysts

Shares of Paytm surged 8 per cent to Rs 535.45 apiece in the intra-day trade on Friday, before settling at Rs 537, up 7 per cent

Paytm's 75% share slump is world's worst for large IPOs in a decade

Paytm's stock price dive is the steepest first-year slide globally among IPOs that raised at least the same amount since Spain's Bankia SA's 82% drop in 2012

Paytm has lost over Rs 1 trillion in market cap since its issue

Paytm's m-cap, which was over Rs 1.38 trillion at the time of the launch of the IPO, has declined 77 per cent in just over a year to Rs 30,971 crore

Paytm hits new all-time low, stock tanks 26% in two weeks

Shares of Paytm hit a new low at Rs 483.30 on the BSE in Tuesday's intra-day trade, thus were now trading 77 per cent below the company's IPO price of Rs 2,150 per share.

As SoftBank sells stake in Paytm for $215 million, more could follow

The price range for the shares was set between Rs 555 to Rs 601.45, which would mean a discount of 7.7 per cent

Start-up meltdown continues as pre-IPO investors look to sell stake

Paytm shares go down 10 per cent after SoftBank pares holding; Delhivery, PolicyBazaar under pressure

Paytm can slip below Rs 400 if Bears tighten grip; Delhivery may hit Rs 300

Paytm dived over 10 per cent in intraday deals on Thursday amid heavy volume of around 4 million shares. The stock now seems headed to test support at its all-time low of Rs 510.

Softbank to divest 29 mn shares in Paytm via block deals on Thursday

Floor price set at Rs 555, 8% discount to last close

Stocks to watch: SBI, DRL, Britannia, Coal India, Divi's Lab, Paytm, ABFRL

Stocks to watch today: Coal India, Divi's Lab will report the July-September quarter (Q2FY23) results on Monday, November 7; SBI's net profit climbed 73.9 per cent YoY to Rs 13,265 crore in Q2FY23

Paytm partners PhonePe's parent firm Flipkart for Big Billion Days sale

Digital financial services firm One97 Communications, which owns the Paytm brand, on Thursday announced a collaboration with e-commerce firm Flipkart for its annual festive season sale 'The Big Billion Days' as payments partner. Flipkart, which owns majority stake in Paytm's competitor PhonePe, will host its annual festive season sale between September 23 - 30, 2022. "With this partnership, Paytm is offering exciting cashbacks on payments made through Paytm UPI and Paytm Wallet," Paytm said in a statement. Paytm will offer assured cashback of 10 per cent on all transactions, the Noida-based firm said. "Our association with Flipkart as a payments partner for The Big Billion Days will provide a secure payments experience to millions of shoppers in small cities and towns of India," a Paytm spokesperson said.

Paytm shares drop over 6% after ED raid; Blue Jet Healthcare files for IPO

Its stock dropped to an intraday low of Rs 681.2 before closing at Rs 708.6, down 2.6 per cent over its previous day's close