Paytm Set to Achieve Profitability Next Quarter, Says Vijay Shekhar Sharma

In a recent announcement, Vijay Shekhar Sharma, founder and CEO of Paytm, expressed optimism about the company's financial outlook, stating that Paytm is on track to become profitable in the upcoming quarter. With a user base of 200-250 million, Sharma emphasized the importance of digital transactions as the foundation for future profitability. He acknowledged past regulatory challenges but highlighted that lessons learned have led to strategic improvements. The focus remains on generating profit and free cash flow, aiming for a PAT-growing company in the near future.
Source: Times of India