Next milestone to be free cashflow positive, AI to bring efficiencies: Paytm CEO Vijay Shekhar Sharma
Paytm's CEO, Vijay Shekhar Sharma, stated in a shareholder letter that the company aims to become free cash flow positive soon after achieving operating profit for two consecutive quarters. Paytm's Q4 FY23 results indicated a significant reduction in losses, with the company's consolidated net loss narrowing to Rs 168 crore. Consolidated revenue increased by 52% YoY to Rs 2,335 crore during the March quarter, with a contribution margin of 52%. Paytm's CEO also believes that the company is well-positioned to benefit from the innovation potential of Artificial General Intelligence (AGI) in the future.
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