Paytm Shares Gain 3% After Q1 Results. What Are Goldman Sachs, Citi and CLSA Saying?
- One 97 Communications, operating Paytm, reported a 79% rise in consolidated net profit to Rs 220 crore and a 28% increase in revenue to Rs 2,448 crore for Q1 ended June 30, 2026.
- Paytm's Q1 EBITDA was around Rs 200-203 crore, showing a record EBITDA margin expansion to 8%, contributing to earnings that beat estimates due to factors like lower cloud costs and strong merchant loan distribution.
- Shares of Paytm fell slightly in early trading despite strong financial performance, with Citi and Goldman Sachs maintaining 'Buy' ratings and Citi raising its target price to Rs 1,560, while CLSA maintained an 'Underperform' rating with a target price of Rs 1,050.
- Citi cited accelerated revenue growth and stable contribution margins, while CLSA noted accelerating payment GMV growth but trimmed future EBITDA estimates due to higher expected operating costs.
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The Economic Times
Times of IndiaPaytm shares gain 3% after Q1 results. What are Goldman Sachs, Citi and CLSA saying?
Paytm shares rose 2.7% after the fintech firm reported a 79% year-on-year jump in Q1 consolidated net profit to Rs 220 crore. Revenue from operations increased 28% to Rs 2,448 crore, while total income rose 22% to Rs 2,630 crore. Profit before tax climbed to Rs 247 crore, reflecting stronger operating performance both year-on-year and quarter-on-quarter.
Paytm Reports Highest Ever Quarterly EBITDA of ₹203 Crore in Q1 FY27; Revenue Rises 28% to ₹2,448 Crore
Get latest articles and stories on Business at LatestLY. Growth acceleration and margin expansion drove record profitability, with profit after tax increasing 79% YoY to ₹220 crore Business News | Paytm Reports Highest Ever Quarterly EBITDA of ₹203 Crore in Q1 FY27; Revenue Rises 28% to ₹2,448 Crore.
Paytm stock slips 1% today despite Q1 earnings beat; Citi raises target, CLSA stays bearish
Brokerages were split on One 97 Communications (Paytm) stock outlook after the company's strong Q1 results. While Citi maintained a 'buy' rating on the stock with a raised target price, CLSA retained its bearish call.
Paytm Q1 Results: Net profit jumps 79%, revenue up 28%; board opts not to proceed with bonus shares
One97 Communications reported a 28% YoY revenue increase to ₹2,448 crore for Q1 FY27, driven by strong growth in Payment Services. Net profit surged 79% YoY to ₹220 crore, reflecting improved operating efficiency and growth in financial services.
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