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Vijay Shekhar Sharma Vows Profitability, PayTM Shares Surge

  • PayTM shares rose 2% as CEO Vijay Shekhar Sharma committed to achieving PAT profitability at the AGM.
  • Sharma highlighted India's leadership in financial technology and the potential to extend it into AI.
  • The focus is now on core business areas like payments and financial services distribution.
  • PayTM aims to cut costs through AI adoption, with shares quoting Rs 681.05 on the NSE.
  • Despite a widened net loss in Q1FY25, the company plans aggressive cost-saving measures.

Source: Moneycontrol

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2mo ago3.7K views
Qwerty2398
Qwerty2398
Stealth2mo

Vijaya shankar vowing profitability is the business equivalent of bringing back black money or gareebi hatao of politics.

Qwerty2398
Qwerty2398
Stealth2mo

But i have the highest respect for him. He convinced 100s of people to invest in his startup and convinced 1000s of people to invest in the IPO.

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