Free cash flow soon: Paytm CEO Sharma

Mumbai: Paytm founder Vijay Shekhar Sharma has told shareholders that the company is focused on profits and is close to free cash generation. Sharma’s statement comes ahead of the end of a lock-in period for pre-IPO investors.
Sharma’s communication is part of a letter to shareholders on Paytm’s operating performance for October.
“After our quarterly reports, which showed strong operating leverage and reduction in ebitda (earnings before interest, taxes, depreciation, and amortisation) losses, we are now excited about the next year of our journey as we get close to ebitda profitability and free cash flow generation,” said Sharma. Paytm stock closed 1% higher on Monday despite a 170-point drop in the sensex.
“Our loan distribution business (in partnership with top lenders) continues to witness accelerated growth with disbursements through our platform now at an annualised…

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