Overview

• One97 Communications posted a consolidated net profit of Rs 122.5 crore in Q1 FY26, reversing a Rs 840 crore loss a year earlier.
• Operating revenue rose 28% year-on-year to Rs 1,917.5 crore while gross merchandise value climbed 27% to Rs 5.39 lakh crore.
• Net payment revenue increased 38% to Rs 529 crore and distribution of financial services revenue doubled to Rs 561 crore, diversifying income streams.
• EBITDA turned positive at Rs 72 crore with a 4% margin, aided by halved marketing spend and AI-driven reductions in employee costs.
• Merchant subscriptions hit a record 1.3 crore devices and monthly transacting users reached 7.4 crore, underscoring platform scale.