New Delhi, July 21 -- One97 Communications, the parent company of Paytm, stock fell 1.4% to Rs.1,328.80 in intraday deals on Tuesday, July 21, even after it reported a strong financial performance for the quarter ended June 2026 (Q1 FY27) after market hours on Monday, as sustained momentum across its core businesses led to a sharp rise in profitability.

The company posted a net profit of Rs.220 crore for the quarter, marking a 79% increase from Rs.123 crore reported in the corresponding period last year. Excluding the impact of the PIDF incentive, comparable profit after tax (PAT) surged 207% to Rs.212 crore from Rs.69 crore a year earlier.

The earnings growth was supported by strong operating leverage, healthy expansion in the company'...