One 97 Communications jumps on posting 37% growth in GMV during first quarter of FY24

One97 Communications is currently trading at Rs. 851.45, up by 14.20 points or 1.70% from its previous closing of Rs. 837.25 on the BSE.

One97 Communications
One97 Communications

The scrip opened at Rs. 846.10 and has touched a high and low of Rs. 861.90 and Rs. 846.10 respectively. So far 167601 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 915.00 on 19-Jun-2023 and a 52 week low of Rs. 439.60 on 24-Nov-2022.

Last one week high and low of the scrip stood at Rs. 880.00 and Rs. 833.10 respectively. The current market cap of the company is Rs. 53952.75 crore.

The Institutions and Non-Institutions held 75.01% and 24.98% stake in the company respectively.

One 97 Communications (Paytm) has posted 37 per cent growth in gross merchandise value (GMV) at Rs 4.05 lakh crore in the April-June quarter of this year. The company’s gross merchandise value, which reflects total payments made to merchants on the platform, was Rs 2.96 lakh crore in the same period a year ago.

The value of loan disbursed through Paytm grew over 2.5 times to Rs 14,845 crore, from Rs 5,554 crore a year ago and the volume grew by 51 per cent to 1.28 crore, from 85 lakh during the same period. The average monthly transacting users grew 23 per cent on a year-over-year basis to 9.2 crore during the reported quarter from 7.5 crore in the June 2022 quarter. The total subscription merchants base, which the company earns from seeding payment devices, more than doubled to 79 lakh during June 2023 quarter from 38 lakh a year ago.

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