Paytm Plunges Over 9%: One 97 Communications Sinks Amid Bearish Sentiment Despite Debt-Free Status

Mumbai, June 12, 2025: Shares of One 97 Communications Ltd, the parent company of Paytm, experienced a significant selloff in Wednesday’s early trade. The stock tumbled by 9.31%, sliding to ₹871.05 on the NSE as of 9:33 AM, making it one of the worst performers in the NIFTY MIDCAP 150 index.

The stock had opened the session at ₹913.05, but soon touched an intraday low of ₹864.40, reflecting intensified selling pressure.

As of 10:04 AM IST on June 12, shares of One 97 Communications Ltd were trading at ₹892.35, marking a steep decline of ₹68.10 or 7.09% for the day. The stock opened and hit an intraday high of ₹913.05, but later fell to a low of ₹864.40. With a market capitalisation of ₹56,650 crore, the stock is significantly off its 52-week high of ₹1,062.95, though still well above its 52-week low of ₹377.00. The company currently has no declared P/E ratio or dividend yield.

Market Snapshot

• Previous Close: ₹960.45
• Day’s High / Low: ₹913.05 / ₹864.40
• VWAP (Volume Weighted Average Price): ₹877.94
• Traded Volume: 68.62 lakh shares
• Traded Value: ₹602.43 crore
• Total Market Capitalisation: ₹55,526.75 crore
• Free Float Market Cap: ₹29,721.69 crore
• 52-Week Range: ₹377.00 – ₹1,062.95

Despite positive sentiment indicators from platforms like Moneycontrol, which rated the stock as “very bullish”, the steep drop in price indicates a sharp divergence between sentiment and investor behaviour.

Financial Highlights – FY25

Quarterly Revenue Performance:

• Q1 (June 2024): ₹1,501.60 crore
• Q2 (September 2024): ₹1,659.50 crore
• Q3 (December 2024): ₹1,827.80 crore
• Q4 (March 2025): ₹1,911.50 crore

Quarterly Net Profit/Loss:

• Q1: -₹838.80 crore
• Q2: ₹925.70 crore (only profitable quarter)
• Q3: -₹208.30 crore
• Q4: -₹544.30 crore
• Earnings Per Share (Q4 FY25): -₹8.47
• Book Value per Share (FY25): ₹235.53
• Return on Equity (FY25): -4.38%
• Debt-to-Equity Ratio (FY25): 0.00 (debt-free balance sheet)

Annual Financial Summary (FY25)

• Total Revenue: ₹6,900.40 crore (down from ₹9,977.80 crore in FY24)
• Annual Net Loss: ₹665.70 crore
• Basic EPS: -₹12.39
• Total Assets: ₹17,441 crore
• Reserves & Surplus: ₹12,810 crore

Market Participation Snapshot

• Buy Orders: 4.89 lakh shares
• Sell Orders: 5.74 lakh shares
• Best Bid / Ask Price: ₹870.00 / ₹870.45

With sell orders outweighing buy bids in early trade, the downward movement was likely accelerated by higher offloading volumes.

Conclusion

The sharp intraday decline in Paytm’s share price reflects renewed investor scepticism around the company’s long-term profitability. Despite delivering a profitable quarter in FY25 and maintaining a zero-debt balance sheet, sustained quarterly losses and declining annual revenue continue to weigh heavily on market sentiment. With the stock now hovering just above its lower circuit limit of ₹864.40, the outlook appears cautious as investors await clearer signals of a turnaround.

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