The combination of lower revenue growth and margins would push back net income breakeven, the US brokerage said, expecting Paytm to achieve Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) breakeven in FY27 and net income break- even in FY28. The company which operates Paytm is expected to witness a gradual growth in its lending business, the brokerage said in a review note.