 "Vijay Shekhar Sharma, Paytm")
Shares of Paytm declined significantly in recent times due to volatile market conditions for high growth stocks, the company's CEO Vijay Shekhar Sharma said on Wednesday.
Sharma, the founder and CEO of One97 Communications that operates under the brand Paytm, also said the company expects to be breakeven in terms of operating EBITDA in the next six quarters.
EBITDA refers to Earnings Before Interest, Taxes, Depreciation and Amortisation. In a letter to shareholders of the company, Sharma said the shares are down significantly compared to the IPO price due to volatile market conditions for high growth stocks globally.
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