One 97 Communications’ Board of Directors approved the unaudited financial results for the quarter and nine months ended December 31, 2025. Mrs. Pallavi Shardul Shroff will complete her term as Independent Director on February 8, 2026. Vijay Shekhar Sharma is appointed as Managing Director of Paytm Payment Services Limited (PPSL). The conversion of debentures in Little Internet Private Limited will be completed in FY 2026-27.
Financial Performance Highlights
The Board of Directors of One 97 Communications approved the unaudited financial results for Q3 2026. Key figures include:
- Revenue from operations: ₹2,194 crore
- Total income: ₹2,406 crore
- Profit before tax: ₹230 crore
Leadership Transition
Key leadership changes were announced:
- Mrs. Pallavi Shardul Shroff will complete her second term as an Independent Director on February 8, 2026.
- Vijay Shekhar Sharma, Chairman, Managing Director & CEO of One 97 Communications, has also been appointed as the Managing Director (Designated as MD & CEO) of Paytm Payment Services Limited (PPSL) for five years effective January 29, 2026.
Strategic Business Updates
Significant strategic decisions and business updates include:
- The offline merchant payments business has been transferred to Paytm Payment Services Limited (PPSL), a 100% subsidiary. PPSL now operates merchant payments to both offline and online merchants.
- The conversion of outstanding optionally convertible debentures and convertible inter-corporate deposits in Little Internet Private Limited, a subsidiary company, will be completed during the FY 2026-27.
Utilization of IPO Proceeds
As of December 31, 2025, the company has utilized ₹6,119 crore of the net IPO proceeds, with ₹4,300 crore spent on growing and strengthening the Paytm ecosystem.
Source: BSE
