One 97 Communications Limited — Investor Meet, 04-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Paytm's Q3 FY26 earnings call highlighted key business updates. Management expects to offset 30-40% of the PIDF impact this quarter through higher subscriptions and targeted sales, impacting Q4 EBITDA. The 'Buy Now, Pay Later' product shows strong early traction, targeting hundreds of crores in monthly disbursals and already serving 0.01 Cr customers. Payment processing margins are comfortably above 4 basis points and expected to remain stable. Merchant lending penetration is 7% with potential to grow to 20%. Promotional expenses are expected to be the "new normal" for gaining high-quality users. The CEO's focus on PPSL signals renewed efforts in online merchants and a commerce-led strategy. The company aims for organic technology plans to grow consumer UPI market share and boasts strong internal AI capabilities.