PhonePe narrows FY25 loss to Rs 1,727 cr as revenue rises 40%
BENGALURU: PhonePe Limited has reported a significant improvement in its financial performance for the fiscal year ended March 2025, narrowing its consolidated net loss to Rs 1,727 crore from Rs 1,996 crore the previous year. This recovery comes on the back of growth in operating revenue, which climbed 40% year-on-year to reach Rs 7,115 crore according to the company’s audited financial statements reviewed via Tofler.
Payment services accounted for the bulk of PhonePe’s revenue, contributing Rs 6,299 crore. Insurance and lending distribution brought in Rs 558 crore, while revenue from brokerage, mutual fund distribution and new marketplace business totalled Rs 57 crore.
