One 97 Communications Limited has announced key dates for its Q3FY26 financial results disclosure and investor engagement activities. The company has scheduled a board meeting and earnings call to discuss its performance for the quarter and nine months ended December 31, 2025.

Board Meeting and Financial Results

The board of directors of One 97 Communications Limited will convene on Thursday, January 29, 2026 to consider and approve the unaudited standalone and consolidated financial results. This meeting is being held in compliance with Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Earnings Conference Call

Following the board meeting, the company will host an earnings conference call for investors and analysts on Friday, January 30, 2026. The call is scheduled to run from 8:00 AM IST to 8:45 AM IST, providing stakeholders an opportunity to discuss the financial performance and ask questions about the results.

Participants must complete mandatory pre-registration through the provided Zoom webinar link to attend the earnings call.

Trading Window Closure

In accordance with insider trading regulations, the company has implemented a trading window closure for designated persons and their immediate relatives. This restriction, which was initially communicated on December 29, 2025, will remain in effect until Saturday, January 31, 2026.

Corporate Communication

The announcement was signed by Sunil Kumar Bansal, Company Secretary and Compliance Officer (FCS: 4810), on January 16, 2026. All relevant details regarding the earnings call and financial results will be made available on the company's investor relations website at ir.paytm.com.

The disclosure has been submitted to both BSE Limited (Scrip Code: 543396) and National Stock Exchange of India Limited (Symbol: PAYTM) under Regulation 30 of the SEBI LODR Regulations, 2015.

India's domestic mutual funds have reduced their stake in One97 Communications Ltd., the parent company of digital payments platform Paytm, during the October-December quarter. This marks the first time mutual funds have trimmed their holdings since the company's stock market debut in November 2021, ending a three-year trend of steadily increasing exposure.

Mutual Fund Holdings Decline

The latest shareholding data reveals a notable shift in institutional investor sentiment. Mutual funds' stake in the fintech company decreased significantly during the quarter.

Among the prominent mutual funds that held stakes at the end of September quarter, Motilal Oswal MF, Nippon India MF, and Mirae Asset MF all reduced their positions during the December quarter. Bandhan MF, which was previously among the notable stakeholders, no longer appears in the shareholding list, indicating either a reduction below the 1% disclosure threshold or a complete exit from the stock.

Retail Investor Exodus Continues

Retail shareholders extended their selling streak, marking the seventh consecutive quarter of declining holdings. Their participation has dropped to the lowest level since September 2023. Retail investors, defined as those with authorized share capital up to ₹2.00 lakh, have been consistently reducing their exposure to the stock over nearly two years.

Brokerage Outlook Remains Positive

Despite the institutional selling pressure, several leading brokerages maintain optimistic views on the company's prospects. Goldman Sachs recently upgraded the stock to Buy from Neutral, significantly raising its price target to ₹1,570 from the previous ₹705.00, representing a potential 20% upside from current levels.

The investment bank cited improving regulatory conditions, early gains in payments market share, clearer earnings visibility, and the phased return of key offerings as positive catalysts. These factors are expected to support revenue growth exceeding 20% in the medium term.

Analyst Projections and Targets

Multiple brokerages have expressed confidence in the company's growth trajectory:

Jefferies considers Paytm its preferred pick in the fintech sector, highlighting rising option value across wealth, lending, and international segments. The brokerage views the company as being at an inflection point to scale new segments leveraging its distribution and customer base.

Business Fundamentals and Growth Projections

Ventura Securities highlighted the company's improved business position, noting achievement of profitability and strong revenue growth through operational and strategic shifts. The brokerage projects significant growth in key metrics:

• Monthly Transacting Users (MTUs): Expected to grow from 74 million in Q1FY26 to 95 million by FY28E
• Subscription paying device merchant base: Projected to increase from 13 million to 22 million over the same period
• Payment GMV: Anticipated to rise from ₹18.70 lakh crore in FY25 to ₹33.90 lakh crore by FY28E

Axis Capital raised its FY27-28 EBITDA estimates by 33-46% following Q2 results, citing improved payment margins, scaling financial services, and tighter operating costs. The brokerage values the stock at approximately 41 times FY28 estimated EV/EBITDA, though it cautioned that deterioration in lending asset quality remains a key risk.

Market Position and Monetization Potential

The company operates one of India's largest offline merchant networks, with approximately 13 million devices including soundboxes and electronic data capture machines across small and large enterprises. It ranks among the top four online payment aggregators by gross merchandise value.

Analysts see strong monetization potential as merchant relationships mature, particularly through cross-selling lending products and implementing price increases on devices and services. The company's pilot project to raise soundbox subscription fees from ₹100.00 to ₹129.00 has shown encouraging results, indicating pricing power in its core offerings.