The company reported net loss of Rs 292 crore in Q2 FY24 and a net loss of Rs 840 crore Q1 FY25. Paytm's operating revenue for Q2 FY25 reached Rs 1,660 crore, marking an impressive 11% quarter-over-quarter (QoQ) increase. The contribution margin expanded to 54%, up from 50.44% in the previous quarter. This translated to a contribution profit of Rs 894 crore, a substantial 18% QoQ growth. EBITDA before ESOP improved by Rs 359 crore QoQ to Rs -186 crore and the company remains committed to reach EBITDA before ESOP profitability by Q4 FY 2025. During the quarter, the firm completed the transaction to sell its entertainment ticketing business to Zomato Limited. The final price, after working capital adjustments, was Rs 2,014 crore, leading to gains of Rs 1,345 crore, which is reported under the exceptional items in the P&L. This transaction has resulted in further strengthening our balance sheet with a cash balance of Rs 9,999 crore. Payment services revenue reached Rs 981 crore, a 9% increase from Q1 FY25. The net payment margin expanded to Rs 465 crore, up 21% QoQ. Gross merchandise value (GMV) processed through the Paytm platform reached Rs 4.5 lakh crore, a 5% QoQ increase. The number of merchant subscribers for Paytm devices reached 1.12 crore as of September 2024, an increase of 3 lakh from the previous quarter. Financial services revenue was Rs 376 Cr, up 34% QoQ, on account of increase in collection bonus in merchant loans due to better asset quality trends, and higher share of merchant loans. Paytm said it is prioritizing compliance, merchant payment innovation, customer acquisition, cross-selling financial services, and leveraging AI to reduce costs. This strategy aims to drive sustainable growth and profitability. Shares of Paytm were currently down 3.85% at Rs 697.90. Paytm is India's leading mobile payments and financial services distribution company. Powered by Capital Market - Live

Net profit of One 97 Communications reported to Rs 928.30 crore in the quarter ended September 2024 as against net loss of Rs 290.50 crore during the previous quarter ended September 2023. Sales declined 34.11% to Rs 1659.50 crore in the quarter ended September 2024 as against Rs 2518.60 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1659.502518.60 -34 OPM %-24.30-9.17 - PBDT-227.90-93.20 -145 PBT-406.50-273.30 -49 NP928.30-290.50 LP Powered by Capital Market - Live

One97 Communications will hold a meeting of the Board of Directors of the Company on 22 October 2024.Powered by Capital Market - Live

One 97 Communications announced the deployment of 800 Paytm EDC devices (card machines) across 42 Krishi Mandis in Madhya Pradesh. This significant initiative empowers the traders and farmers at the Mandis by facilitating smoother and more secure transactions, thus enhancing the financial inclusivity and operational efficiency within the local agricultural community. A Krishi Mandi is a marketplace, part of a state's Agricultural Marketing Board, for facilitating trade of agricultural produce from farmers. For the first time, the Krishi Mandi app in Madhya Pradesh has been integrated with Paytm EDC devices (card machines), marking a pivotal step in the digital transformation of agricultural sales. With the introduction of these devices, the time required to process agricultural sales, which previously spanned across days, has now been dramatically reduced to a few hours. The devices serve multiple functions, enabling payments as well as creation of printed gate receipts and purchase orders. This comprehensive approach ensures that farmers and traders maintain both digital and physical records of their transactions, increasing transparency, trust and smoother transactions. Paytm plans to continue expanding this service, with a goal to deploy an additional 1,300 card machines, across various Krishi Mandis over the next two years. This initiative reflects Paytm's commitment to addressing real-world challenges and enhancing digital empowerment in India's agricultural communities.  Powered by Capital Market - Live

The domestic equity benchmarks traded with tiny gains in early trade. The Nifty traded above the 25,050 mark. Media, pharma and financial services shares advanced while metal, realty and oil & gas stocks declined. Trading could be volatile due to August F&O series expiry today. At 09:30 IST, the barometer index, the S&P BSE Sensex was up 37.08 points or 0.05% to 81,822.64. The Nifty 50 index added 7.95 points or 0.03% to 25,060.30. In the broader market, the S&P BSE Mid-Cap index rose 0.20% and the S&P BSE Small-Cap index gained 0.14%. The market breadth was positive. On the BSE, 1,741 shares rose and 1,204 shares fell. A total of 137 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 1,347.53 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 439.35 crore in the Indian equity market on 28 August 2024, provisional data showed. Stocks in Spotlight: One 97 Communication (Paytm) advanced 2.56% after the company said that it has received a nod from Finance Ministry for downstream investment into Paytm Payment Services. Paytm payment services will resubmit the payment aggregator license and will continue to provide online payment aggregation services to existing partners. Genus Power Infrastructure was hit an upper circuit of 5% after the company's wholly owned subsidiary has received three orders worth Rs 4,469.04 crore for the appointment of advanced metering infrastructure services providers. The company's total order book stood at Rs 32,500 crore. KEC International jumped 5.78% after the company has received new orders worth Rs 1,171 crore for its transmission and distribution business in UAE and Saudi Arabia. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 1.78% to 6.983 as compared with previous close 6.975. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 83.8950, compared with its close of 83.9700 during the previous trading session. MCX Gold futures for 5 September 2024 settlement rose 0.13% to Rs 71,421. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.11% to 100.98. The United States 10-year bond yield declined 0.05% to 3.841. In the commodities market, Brent crude for October 2024 settlement gained 12 cents or 0.15% to $77.70 a barrel. Global Markets: The Dow Jones index futures were up 105 points, indicating a positive opening in the US stocks today. Most Asian stocks declined on Thursday, mirroring the overnight slump in Nvidia. The AI darling's tepid guidance on revenue and margins fueled concerns about the broader AI sector. Investors are now keenly awaiting U.S. weekly jobless claims and inflation readings from Germany and Spain. These economic indicators will offer insights into the Federal Reserve's potential rate-cut trajectory beyond September, given its emphasis on the labor market's health. U.S. stocks experienced a pullback on Wednesday. The Nasdaq Composite shed 1.12%, while the S&P 500 (-0.6%) and Dow Jones Industrial Average (-0.4%) saw more modest losses. Nvidia's shares plunged as much as 8.5% in after-hours trading following its earnings report. While the company delivered a profit beat and announced a $50 billion buyback, investors were disappointed by the weaker-than-expected outlook for the current quarter's revenue and gross margin. Powered by Capital Market - Live

Securities in F&O ban : Bandhan Bank, Granules India, Hindustan Copper, India Cements Stocks to watch: One97 Communication (Paytm) received a nod from Finance Ministry for downstream investment into Paytm Payment Services. Paytm payment services will resubmit the payment aggregator license and will continue to provide online payment aggregation services to existing partners. Genus Power Infrastructure's wholly owned subsidiary has received three orders worth Rs 4,469.04 crore for the appointment of advanced metering infrastructure services providers. The company's total order book stood at Rs 32,500 crore. KEC International received new orders worth Rs 1,171 crore for its transmission and distribution business in UAE and Saudi Arabia. Sonata Software received a multi-year, multi-million dollar IT outsourcing contract from US-based healthcare and wellness company. Wipro voluntarily liquidates its China subsidiary, Capco Consulting Services (Guangzhou) Company. The Company received confirmation of the aforesaid liquidation from the Administration for Industry and Commerce (AIC). VLS Finance's buyback will open between 30th August 2024 and 5th September 2024. NLC India has signed a power usage agreement with Telangana state DISCOMs for 200 MW of solar power at competitive and affordable price under the CPSU scheme for 25 years. Lemon Tree Hotels has signed license agreement for 72 - room hotel property in Ujjain, Madhya Pradesh. The Property will be managed by its subsidiary, Carnation Hotels and is expected to open in FY27. Procter & Gamble Hygiene & Health Care reported net profit of Rs 81.06 crore in the quarter ended 30 June 2024, registering the de-growth of 46.4% as compared with Rs 151.24 crore in Q1 FY24. Net sales increased 9.3% YoY to Rs 927.43 crore during the quarter.Powered by Capital Market - Live

One 97 Communications (OCL), which owns the brand Paytm, announced that it has entered into definitive agreements for the sale of its entertainment ticketing business that includes movies, sports and events (live performances) ticketing to Zomato. This deal, valued at Rs 2,048 crore on a cash-free, debt-free basis, stands as a testament to the value Paytm has created through its entertainment ticketing business, bringing choice and convenience to millions of Indians with its services and scale. As part of this agreement, OCL will transfer its entertainment ticketing business to Zomato by 1) Transfer of OCL's entertainment ticketing business to it's 100% subsidiaries, Orbgen Technologies (OTPL) and Wasteland Entertainment (WEPL), and 2) Selling 100% stake in its subsidiaries OTPL and WEPL, which operate the TicketNew and Insider platforms, respectively to Zomato. The transfer will also include ~280 existing employees from the entertainment ticketing business. Paytm's move to sell its entertainment ticketing business underscores its core focus on payments and financial services distribution. In recent quarters, the company has also expanded its offerings in insurance, equity broking, and wealth distribution, with significant opportunity to cross-sell these services and grow its market presence as a leading financial services distribution player. During a transition period (up to 12 months), the movie and event tickets will continue to be available on the Paytm app, as well as on the TicketNew and Insider platforms, ensuring a smooth and uninterrupted experience for users and merchant partners.  Powered by Capital Market - Live

One97 Communications announced that the Annual General Meeting (AGM) of the company will be held on 12 September 2024.Powered by Capital Market - Live

One 97 Communications has allotted 1,10,357 equity shares under ESOS on 05 August 2024. Consequently, the paid up equity share capital of the company has increased to Rs 636,384,447 (consisting of 636,384,447 equity shares of face value of Re 1 each). Powered by Capital Market - Live