One 97 Communications (Paytm) PAYTM
Payments app, merchant soundboxes and card machines, payment gateway and loan distribution for partner lenders
Mapped in 1 theme: Consumer Internet.
Where One 97 Communications (Paytm) sits in the supply chain
One 97 Communications (Paytm) appears in 1 supply-chain layer in one theme, Consumer Internet.
Consumer Internet › Payments & consumer fintech
OperatorOther companies in this layer
Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 4,974 | 7,990 | 9,978 | 6,900 | 8,437 |
| Net profit | −2,396 | −1,776 | −1,422 | −663 | 552 |
Latest-year revenue ₹8,437 Cr (FY26, company-wide).
Strengths
- Q2 FY27 profit rose ~10x to ~₹225 Cr; EBITDA margin crossed 10%
- Revenue grew ~28% in Q2 FY27 and subscription merchants reached 1.64 crore
- Largest merchant device base (soundboxes) in India
Risks
- The new UPI fee covers only merchant payments above ₹2,000, so most UPI volume still earns nothing
- Loan distribution depends on partner lenders' appetite for unsecured credit
- Regulatory history: the 2024 RBI order on Paytm Payments Bank
Common questions
What does One 97 Communications (Paytm) do?
Payments app, merchant soundboxes and card machines, payment gateway and loan distribution for partner lenders.
Where does One 97 Communications (Paytm) sit in the supply chain?
One 97 Communications (Paytm) (NSE: PAYTM) is mapped in 1 supply-chain layer: Payments & consumer fintech (Consumer Internet).
Who are One 97 Communications (Paytm)'s peers?
In the Payments & consumer fintech layer of Consumer Internet: PhonePe (not NSE-listed), Pine Labs, One MobiKwik Systems, Razorpay (not NSE-listed) and Flipkart (not NSE-listed).
What is One 97 Communications (Paytm)'s market cap and valuation?
As of 6 Nov 2026: market cap ₹1.15L Cr, P/E 137.0x, ROCE 5.0%, ROE 4.6%, dividend yield 0%.