Paytm aims to break-even for profitability in 1.5 years

'We are encouraged by our business momentum, the scale of monetisation and operating leverage,' said Vijay Shekhar Sharma

Credit: Reuters File Photo

Digital payments firm Paytm said on Wednesday it should be able to achieve breakeven for a key metric of profitability in one-and-a-half years.

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

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