Paytm shares dip 0.92% despite FY2026 Q1 beat as Citi lifts target to Rs 1,560 and CLSA keeps Rs 1,050
Paytm (One 97 Communications) reported a strong FY2026 first quarter, with net profit up 79% year on year to Rs 220 crore and revenue from operations rising 28% to Rs 2,448 crore, while EBITDA came in at Rs 200 crore. Despite the beat, the stock fell 0.92% in early trade to Rs 1,335.10. Citi reiterated a Buy rating and raised its target price to Rs 1,560, while CLSA maintained an Underperform rating with a target of Rs 1,050. The brokerages differ on the potential impact of UPI merchant discount rate (MDR) policy and the sustainability of operating costs.