PAYTM SHARE PRICE: ONE 97 COMMUNICATIONS IN FOCUS AFTER FIFTH CONSECUTIVE QUARTER OF PROFIT; BROKERAGES SEE UP TO 15% UPSIDE - CHECK TARGET

Paytm Share Price: The share price of One 97 Communications, also known as Paytm, will be in focus during today’s trading session (July 21) after the fintech company reported its fifth consecutive quarter of net profit.

The stock, which has a market capitalisation of Rs 86,396.30 crore, settled nearly flat at Rs 1,347.50. (Paytm Stock Rate)

Paytm Q1 FY27 Results

Paytm’s parent company reported a 79 per cent year-on-year increase in consolidated net profit to Rs 220 crore for the quarter ended June 30, 2026. The company had posted a net profit of Rs 123 crore in the corresponding quarter last year. Sequentially, profit increased from Rs 183 crore in the March quarter.

Revenue from operations rose 28 per cent to Rs 2,448 crore during the April-June quarter, compared with Rs 1,918 crore a year ago.

However, the stock remains in focus after the board decided not to proceed with a bonus issue, prioritising long-term growth and profitability over capital distribution.

Additionally, Paytm is expected to invest up to Rs 100 crore in Paytm Money through a rights issue to accelerate technology development, regulatory capital, and growth in the wealth management segment.

Paytm Share Price Target 2026

Following the Q1 results reported by the company, brokerage firms such as Citi and Goldman Sachs have maintained a positive outlook on the stock and see further upside from the current price level.

Citi maintains BUY call

Citi has maintained its BUY rating on Paytm and raised its target price to Rs 1,560 from Rs 1,425, citing stronger-than-expected first-quarter performance. The revised price target suggests an upside of over 15 per cent from the current market price.

The brokerage said Paytm’s Q1 EBITDA beat estimates by 16 per cent, supported by lower cloud costs and higher merchant loan distribution.

Citi raised its FY27 and FY28 EBITDA estimates by 2 per cent and 6 per cent, respectively, while retaining its valuation multiple of 60 times March 2028 estimated EV-to-EBIT. Potential UPI MDR implementation could provide further upside.

Goldman Sachs sees 11 per cent upside

Goldman Sachs has maintained its BUY rating on Paytm and raised its target price to Rs 1,500 from Rs 1,430, citing stronger revenue growth and improving profitability. The revised target price implies an upside of over 11 per cent.

The brokerage noted that Paytm’s revenue growth accelerated to 28 per cent year-on-year, while EBITDA margin improved to 8.3 per cent from 5.8 per cent in Q4.

Goldman Sachs highlighted market share gains across online and offline payments, sustained merchant loan distribution, and potential UPI MDR implementation as key catalysts. It also raised its FY27-FY29 revenue and EBITDA estimates.

Brokerage Name	One 97 Communications Share Price Target	Upside%
Citi	Rs 1,560 (BUY)	~15%
Goldman Sachs	Rs 1,500 (BUY)	~11%

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(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)

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2026-07-21T03:09:10Z