AgenciesYes Securities has reduce call on Ltd. with a target price of Rs 580.0. The current market price of One97 Communications Ltd. is Rs 607.9 Time period given by analyst is year when One97 Communications Ltd. price can reach defined target.
One97 Communications Ltd., incorporated in the year 2000, is a Small Cap company (having a market cap of Rs 39481.18 Crore) operating in Services sector.
One97 Communications Ltd. key Products/Revenue Segments include Sale of services for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-03-2022, the company has reported a Consolidated Total Income of Rs 1648.40 Crore, up 7.50 % from last quarter Total Income of Rs 1533.40 Crore and unchanged .00 % from last year same quarter Total Income of Rs Crore. Company has reported net profit after tax of Rs -724.20 Crore in latest quarter.
Investment Rationale:
Business trajectory admirable but longish runway still remains for bottomline profitability. (1)Improvement in Revenue from operations was driven by Payment Services to Merchants and Financial Services. (2) Sequential improvement in Contribution profit margin was driven mainly by controlling Payment Processing Charges. (3) We maintain ‘Reduce’ on with a revised price target of Rs 580.
Promoter/FII Holdings
Promoters held $Parser.toNumber($MarketsData-marketResults.newShareHolding.summary.promoters.percentage) per cent stake in the company as of 31-Mar-2022, while FIIs owned 4.42 per cent, DIIs 1.06 per cent.
One97 Communications Ltd., incorporated in the year 2000, is a Small Cap company (having a market cap of Rs 39481.18 Crore) operating in Services sector.
One97 Communications Ltd. key Products/Revenue Segments include Sale of services for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-03-2022, the company has reported a Consolidated Total Income of Rs 1648.40 Crore, up 7.50 % from last quarter Total Income of Rs 1533.40 Crore and unchanged .00 % from last year same quarter Total Income of Rs Crore. Company has reported net profit after tax of Rs -724.20 Crore in latest quarter.
Investment Rationale:
Business trajectory admirable but longish runway still remains for bottomline profitability. (1)Improvement in Revenue from operations was driven by Payment Services to Merchants and Financial Services. (2) Sequential improvement in Contribution profit margin was driven mainly by controlling Payment Processing Charges. (3) We maintain ‘Reduce’ on with a revised price target of Rs 580.
Promoter/FII Holdings
Promoters held $Parser.toNumber($MarketsData-marketResults.newShareHolding.summary.promoters.percentage) per cent stake in the company as of 31-Mar-2022, while FIIs owned 4.42 per cent, DIIs 1.06 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
now!Read More News on
(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.
Pick the best stocks for yourself
Powered by