Fintech major Paytm's shares near IPO price after RBI wallet nod and six profitable quarters

Shares of One 97 Communications, the parent company of Paytm, traded at Rs 1,939.70 on Friday, November 13, about 9.8% below the IPO price of Rs 2,150. They touched a fresh 52-week high of Rs 1,960 during the session and have more than doubled from the March 2026 low of Rs 930.60.

In the second quarter of FY27, the company reported net profit of Rs 225 crore in the second quarter of FY27, up 10.7 times. Operating revenue rose 28.5% year on year to Rs 2,648 crore.

For the first half of FY27, the company posted operating revenue of Rs 5,096 crore and net profit of Rs 491 crore. Paytm has been profitable for six consecutive quarters, led by revenue growth, better operating efficiencies and improved cost management.

On November 13, the Reserve Bank of India granted in-principle authorisation to Paytm Payments Services Limited, a wholly owned subsidiary, to issue prepaid payment instruments, including digital wallets.

A proposed 40 basis point merchant discount rate on eligible UPI merchant transactions, expected in the near term, could add a revenue stream for Paytm’s payments business.

Bank of America maintained a Buy rating in its October report, citing the potential upside from the MDR. In August, Bernstein raised its target price to Rs 2,200 from Rs 1,500, with an Outperform rating.