Neutral One 97 Communications; target of Rs 1850: Motilal Oswal

Motilal Oswal's research report on One 97 CommunicationsOne 97 Communications (Paytm) reported a net profit of INR2.25b (18% miss to our estimate of INR2.7b), owing to higher indirect expenses and taxes, even as revenue growth was robust despite flat QoQ GMV growth. Strong revenue growth of 28% YoY…