India’s Paytm aims to break-even for profitability in 1.5 years

2022.04.06 08:42

FILE PHOTO: Paytm app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

BENGALURU (Reuters) – Indian digital payments firm Paytm said on Wednesday it should be able to achieve a breakeven for a key metric of profitability in one-and-a-half years.

“We are encouraged by our business momentum, scale of monetization and operating leverage. We expect this to continue, and I believe we should be operating earnings before interest, taxes, depreciation, and amortization (EBITDA) breakeven in the next six quarters,” founder Vijay Shekhar Sharma said.

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