Brokerages say Paytm is executing well in a market with large profit pool, raise target price

New Delhi [India], July 24 (ANI): Global brokerages turned more bullish on One 97 Communications, the brand that operates digital payments major Paytm after its June-quarter results, raising target prices and describing the company as executing well in a large and profitable market.

Paytm reported first-quarter FY27 revenue of Rs24.5 billion, up 28% year-on-year and 8% sequentially. Net profit rose to Rs2.2 billion, up about 79% from a year earlier. EBITDA came in at Rs2.0 billion, up 54% quarter-on-quarter, taking the EBITDA margin to 8.3% from 5.8% in the prior quarter.