One 97 Communications Limited — Investor Meet, 27-07-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Paytm's Q1 FY27 earnings call shows strong rebound, surpassing past user engagement levels. Management aggressively targets consumer and merchant acquisition, expecting higher profitability. EBITDA margins are on track for 15-20% sooner, with long-term potential for significantly higher structural margins. This is driven by accelerating revenue across all businesses and extensive AI-led cost optimization. Postpaid is ramping rapidly. The company holds INR 13,500 Cr cash and generates free cash flow. Lending is distribution-led with multiple partners. Consumer financial services and new AI-driven non-payment revenue streams are expected to drive future growth. Sentiment: Confident.