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.
(Reporting by Nallur Sethuraman in Bengaluru; editing by Uttaresh.V)
