Buy One97 Communications, target price Rs 1050: Motilal Oswal Financial Services
One97 Communications, incorporated in the year 2000, is a Small Cap company (having a market cap of Rs 54515.29 Crore) operating in Services sector. One97 Communications key Products/Revenue Segments include Sale of services and Other Operating Revenue for the year ending 31-Mar-2022.Financials For the quarter ended 31-03-2023, the company has reported a Consolidated Total Income of Rs 2464.60 Crore, up 15.16 % from last quarter Total Income of Rs 2140.20 Crore and up 49.51 % from last year same quarter Total Income of Rs 1648.40 Crore.
Company has reported net profit after tax of Rs -165.20 Crore in latest quarter. Investment Rationale The brokerage believes that constant improvement in contribution margin and operating leverage will continue to drive Paytm’s operating profitability. The brokerage believes that after reporting adjusted EBITDA breakeven, almost a year ahead of its guidance, Paytm is on track to report EBITDA breakeven in 2HFY25.Promoter/FII Holdings Promoters held 0 per cent stake in the company as of 31-Mar-2023, while FIIs owned 71.83 per cent, DIIs 3.19 per cent.
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