Paytm, is one of the new age companies which made it to the Indian retail investors by shedding its tag as a start-up and donning the title of a publicly traded company, being a publicly traded company comes with a lot of responsibility and accountability which Paytm has had some trouble figuring out. Before entering the market, Paytm had a really positive narrative around the company but well, the months after the IPO was rough for the company and investors both, I mean imagine watching 70% of value getting wiped out right in front of your eyes.This gory picture made it to the minds of the investors and then suddenly the company which had a positive narrative suddenly changed into something quite opposite.But Vijay Shekhar Sharma is positive about the company’s future, after all, he’s the CEO. Keeping his designation aside, is there really something left in the plan room that could pull out Paytm from its trenches?
The Financial Report Paytm not being able to bring itself from becoming profitable is something everyone likes to discuss, well according to the recent quarterly results, Paytm has successfully managed to muster up strong operating leverage and reduce the EBITDA losses. Paytm’s value of loan disbursement also grew by 387% YoY amounting to Rs . 3,056 Cr.Following the results, Vijay Shekhar Sharma addressed;
I am pleased to share our update on operating metrics for the month of October. After our recent quarterly reports which showed strong operating leverage and a reduction in EBITDA losses, we are now excited about the next year of our journey, as we get close to EBITDA profitability and free cash flow generation. Vijay Shekhar Sharma gives assurance to the investors saying that the company is on the right path to profitability and free cash flows.The uncertainty being the Paytm investor is known to only the Paytm investor and similarly, the uncertainty around you and your health is only known to you.
