&w=3840&q=100)
One97 Communications Q1 result: Paytm's parent firm posts profit of ₹123 cr
"Earnings before interest, taxes, depreciation and amortis ation (Ebitda) and profit after tax (PAT) turned profitable at ₹72 crore (margin of 4 per cent) and ₹123 crore respectively, demonstrating artificial intelligence (AI)-led operating leverage, disciplined cost structure and higher other income," the company said in a BSE filing.
Fintech major's revenue from operations also rose to ₹1,917.5 crore in Q1 FY26, up 27.7 per cent year-on-year (Y-o-Y) from ₹1,501.6 crore. On a quarter-on-quarter (Q-o-Q) basis, the revenue was marginally higher than ₹1,911.5 crore. The growth was attributed to an increase in the number of subscription merchants, higher gross merchandise volume (GMV), and growth in revenues from the distribution of financial services.
Total expenses declined to ₹2,016.1 crore during the quarter, down from ₹2,476.4 crore in Q1 FY25 and ₹2,154.9 crore in Q4 FY25.
"Our subscription merchants, who pay for devices and services, are at an all time high at 1.30 crore. We see potential of over 10 crore merchants who will accept payments and we believe that, over a period of time, 40-50 per cent of these merchants will need subscription services for managing their business needs. We are uniquely positioned to capitalise on the vast and growing market, especially as we have strategically identified monetisation opportunities across the merchant ecosystem," the company said.
It further added that its monthly transacting users reached 7.4 crore in the quarter.
Shares of One97 Communication closed at ₹1,052.6 apiece on the BSE on Tuesday.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
an hour ago
- News18
Varun Beverages Q2 up 5pc to Rs 1,325.4 cr, revenue down 2.32 pc to 7,163 cr
New Delhi, Jul 30 (PTI) Varun Beverages Ltd, PepsiCo's largest franchise bottler, on Tuesday reported a 5.04 per cent increase in its consolidated net profit to Rs 1,325.4 crore for the second quarter that ended June 2025, helped by operational efficiencies and lower finance cost, though volume was impacted in peak summer season due to unseasonal rains. The company, which follows the calendar year as its financial year, had posted a net profit of Rs 1,261.8 crore in the April-June quarter a year ago, according to a regulatory filing from Varun Beverages Ltd (VBL). However, its revenue from operations declined 2.32 per cent to Rs 7,163.02 crore in the June quarter of FY26. It stood at Rs 7,333.67 crore in the corresponding quarter last fiscal. During June, VBL reported a 3 per cent drop in consolidated sales volume at 389.7 million cases in Q2 CY2025 from 401.6 million cases in Q2 CY2024, primarily due to abnormally high unseasonal rainfall throughout the quarter in India," the bottler said in its earnings statement. Its India volumes declined by 7.1 per cent, while international volumes grew by 15.1 per cent, partially offsetting the overall decline, it said. In the June quarter, 'net realisation per case at the consolidated level improved by 0.5 per cent, driven by 6.6 per cent improvement in the International markets," said VBL. VBL's profit after tax (PAT) rose 5 per cent, primarily driven by operational efficiencies and lower finance costs, the company said. Total expenses declined 3.62 per cent to Rs 5,506.94 crore in the June quarter. Commenting on the results, Chairman Ravi Jaipuria said, 'In spite of unusually early onset of monsoon rains in the peak summer months in India, we could keep our realisations per case and EBITDA margins intact. Due to growth in international markets supported by strong positive currency movement in African territories, the company ended the quarter with a positive PAT, in spite of 3 per cent decline in consolidated sales volumes." Meanwhile, in a separate filing, VBL said its board has approved a second interim dividend of Rs 0.50 per share, representing 25 per cent of the face value of Rs 2 each. In the June quarter, VBL commissioned new production facilities at Prayagraj (UP), Damtal (HP), Buxar (Bihar) and Mendipathar (Meghalaya). Moreover, during the current quarter, Varun Beverages Morocco SA (a subsidiary of the company) has started commercial production of PepsiCo's snack product 'Cheetos" in Morocco. VBL has franchisees for various PepsiCo products across 27 states and 7 union territories in India, which accounts for 90 per cent of the beverage sales volume of PepsiCo India. Besides, it has also franchises for the territories of Nepal, Sri Lanka, Morocco, Zambia and Zimbabwe. India is the largest market and contributes around 80 per cent of revenues from operations. Shares of Varun Beverages Ltd on Wednesday were trading at Rs 522.30 on BSE, up 1.97 per cent from the previous close. PTI KRH KRH DR DR view comments First Published: July 30, 2025, 12:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
an hour ago
- Mint
GNG Electronics shares off to a solid start, list at 50% premium over IPO price
GNG Electronics IPO listing: GNG Electronics saw a bumper stock market debut on Wednesday, July 30, beating analysts' expectations. GNG Electronics share price listed at ₹ 355 apiece on the NSE, up ₹ 118 or 49.79% over its issue price of ₹ 237 per share. On the BSE, GNG Electronics stock opened at ₹ 350, a premium of 47.68%. The listing was better than the 30-40% listing pop that analysts anticipated. In the grey market, GNG Electronics IPO was commanding a premium of ₹ 85 or 35.8%. The issue had received a solid response from investors during its three-day bidding period. The ₹ 460 crore offer of GNG Electronics was subscribed 150.21 times, with the retail portion booked 47.36 times, the NII portion 226.44 times and the QIB portion 266.21 times. GNG Electronics IPO was a mix of a fresh issue of ₹ 400 crore and an offer for sale of ₹ 60 crore. The public offer was open for subscription between July 23 and July 25. Its price band was set in the range of ₹ 225 to ₹ 237 apiece. It plans to use the funds raised for prepayment or repayment of certain outstanding borrowings availed by the company and subsidiary, namely, Electronics Bazaar FZC. Motilal Oswal Investment Advisors Limited was the book-running lead manager of the GNG Electronics IPO, while Bigshare Services Pvt Ltd acted as the registrar for the issue. Incorporated in 2006, GNG Electronics provides comprehensive refurbishing services for laptops, desktops, and ICT devices, serving both domestic and international markets, including India, the USA, Europe, Africa, and the UAE. Operating under the brand name 'Electronics Bazaar,' the company manages the entire value chain—from sourcing and refurbishing to sales, after-sales support, and warranty services. The company follows a repair-over-replacement approach, which provides cost advantages and helps achieve sustainability by reducing carbon footprint. GNG Electronics provides tailored buyback solutions for laptops and desktops to help large-format retail stores such as Vijay Sales (India) Private Limited and OEM brand stores such as HP India Sales Private Limited and Lenovo Global Technology (India) Private Limited run efficient, customer-friendly buyback programs facilitating the sale of new devices. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
&w=3840&q=100)
Business Standard
an hour ago
- Business Standard
Axiscades Technologies hit 5% upper circuit on ₹600-crore order win
Axiscades Technologies shares hit a 5 per cent upper circuit in trade on Wednesday (July 30, 2025), at ₹1,296.85 per share on BSE. Around 11:54 AM, Axiscades Technologies share price was up 5 per cent at ₹1,296.85 per share. In comparison, Sensex was up 0.19 per cent at 81,496.52. The market capitalisation of the company stood at ₹5,511.31 crore. Why were Axiscades Technologies shares buzzing in trade? The buying on the counter came after the company, through its defence subsidiaries, bagged defence electronics orders across airborne, naval, and radar programs from premier Defence laboratories in India. The orders involve the development and supply of advanced sub-systems for some of the most sophisticated indigenous platforms being developed by leading Defence agencies like DRDOs and Defence PSUs. With this order book, it deepens its involvement in India's key defence initiatives, including fighter aircraft upgrades, naval modernisation, and long-range surveillance radar systems. These programs of a cumulative order value of around ₹600 crore, add to the existing order book, to be executed over the next 3 to 5 years. Highlights of the new wins include: VIRUPAKSHA (AESA) Radar Program (Su-30 MKI upgrade): Design and supply of critical radar components, including the Exciter Unit, Receiver Unit, and Antenna Beam Control Motherboard - essential for generating, receiving, and processing radar signals. This Radar will replace the existing Russian-made Radar on the Su-30. TR Modules for S-Band Surveillance Radars: Cutting-edge Transmit-Receive (TR) modules that enhance target detection, tracking, and signal integrity for long-range surveillance operations. LRBMR - KUSHA: Contribution to the development of the indigenous -Digital Beam Forming (DBF) units for Long-range Battle Management Radar (LRBMR), an S-band radar with a detection range exceeding 500 km, enabling multi-target engagement and battlefield awareness. Electric Heavy Weight Torpedo (EHWT): Development and delivery of the Homing Receiver, the core of the autonomous target acquisition for the next-generation submarinelaunched ASW weapon system. Sonar Systems for Submarines (Production Win): Production-scale delivery of various sonar sub-systems, reinforcing AXISCADES's growing role in undersea warfare electronics.
