“This has been possible by disciplined resource allocation and focusing on what has become our core revenue and growth driver – payments and financial services distribution business,” he said.
Positive free cash flow is when a company has sufficient funds to invest back into the business for growth.
Paytm reported a 51.5% rise in fourth-quarter revenue on Friday, aided by a surge in loan growth, and posted an operating profit for a second consecutive quarter.
Paytm’s parent, One 97 Communications Ltd (PAYT.NS), said revenue rose to Rs 2,335 crore ($285.80 million) in the three months ending March 31, from Rs 1,541 crore a year earlier.
The advent of early-stage artificial general intelligence (AGI) in 2023 will help bring efficiencies in the business, Sharma said.
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“Our technology teams have started to see very encouraging results already,” he said. “I see AGI as something like smartphones 10 years back – very ripe for innovation and very potent to become part of everyday life at scale.”
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