Paytm expects to turn profitable from next quarter: Vijay Shekhar Sharma

Fintech firm One97 Communications, the owner of Paytm brand, expects to turn profitable from the next quarter, a top company official said on Tuesday. Paytm reported a consolidated loss of Rs 545 crore during the March quarter, comprising a notional loss of Rs 522 crore stemming out of the acceleration of ESOP (employee stock ownership plan) expense of Rs 492 crore and Rs 30 crore towards their impairments. After excluding the exceptional loss of Rs 522 crore, the company posted a loss of Rs 23 crore for the March quarter.

“We are at a verge of PAT…