Paytm Parent One97 Communications Sees Shares Surge Amid Lower Losses

Shares of One97 Communications, owner of Paytm, rose by over 7% following a reduction in losses to Rs 545 crore in the March quarter. This improvement came from lower payment processing and employee costs, alongside an exceptional ESOP charge adjustment.

One97 Communications, the parent company of fintech brand Paytm, witnessed a significant rise in its share prices on Wednesday, climbing over 7% after the firm reported a decrease in its consolidated losses for the March quarter.

The BSE saw Paytm's shares surge by 7.18%, reaching Rs 873.85, and peaking at Rs 892.60 during the day's trading. Similarly, on the NSE, shares climbed 7.19% to Rs 873.50, indicating strong market confidence in the company's financial performance.

For the fourth quarter ended March 31, 2025, One97 Communications announced a reduced loss of Rs 545 crore, compared to Rs 551 crore the previous year. The improvement is attributed to decreased payment processing charges and employee costs, alongside an exceptional ESOP expense adjustment.

(With inputs from agencies.)