Paytm board weighs maiden bonus issue as Q1 results loom on July 20
One 97 Communications convenes July 20 to consider its first-ever bonus issue alongside Q1 numbers. Brokerages peg revenue up 26% YoY to Rs 2,410 crore and net profit up 54% to Rs 188 crore, with GMV climbing 27% to Rs 6.9 lakh crore. Over 7.53 lakh retail investors watch closely.
Paytm board meets July 20 to consider its maiden bonus issue alongside Q1 results. Brokerages forecast ~26% YoY revenue growth to Rs 2,410 crore and net profit up 54% to Rs 188 crore, with GMV climbing 27% YoY.
Why this matters
Paytm pairs a first-ever bonus issue with Q1 results as it expands its physical footprint, following plans to open ~50,000 retail outlets across India.
Retail-company signals are accelerating, up 817500% QoQ.