PhonePe results: Net loss declines to ₹1996 crore, revenue jumps to ₹5,064 crore

Digital payments company PhonePe has reported a slight decline in its consolidated net loss from ₹2,795 crore in March 2023 to ₹1,996 crore March 2024, according to Tofler report.

The company further saw its revenue increased to ₹5,064 crore for FY 2023-24 as against ₹2,914 crore in the previous FY recording an increase of 74 per cent.