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Paytm is shifting its strategic focus to achieving profitability in terms of profit after tax (PAT) instead of concentrating solely on operational profit before employee stock option (ESOP) costs. This shift was announced by founder and CEO Vijay Shekhar Sharma on Thursday. Previously, Paytm had committed to reaching profitability before accounting for ESOP costs, which is a measure akin to earnings before interest, taxes, depreciation, and amortization (EBITDA).

Sharma emphasized that the company is evolving beyond merely focusing on EBITDA before ESOP, as this metric alone doesn’t fully capture a company’s financial health. The new goal is to mature as an organization and attain profitability based on PAT.

For the quarter ending June 30, 2024, Paytm reported a widened loss of ₹840 crore, compared to ₹358.4 crore for the same period last year. Additionally, consolidated revenue for the quarter fell by 33.48% to ₹1,639.1 crore from ₹2,464.2 crore year-over-year.

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