{"id":848104,"date":"2024-08-27T09:15:30","date_gmt":"2024-08-27T03:45:30","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=848104"},"modified":"2024-08-27T09:21:41","modified_gmt":"2024-08-27T03:51:41","slug":"phonepe-turns-profitable-with-adjusted-pat-revenue-up-74-for-fy24","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/27\/phonepe-turns-profitable-with-adjusted-pat-revenue-up-74-for-fy24\/","title":{"rendered":"PhonePe turns profitable with adjusted PAT, revenue up 74% for FY24"},"content":{"rendered":"<p>Fintech major PhonePe Group on Monday reported an impressive turnaround, recording an adjusted profit after tax at Rs 197 crore for the financial year 2024 (FY24) against a loss of Rs 738 crore in FY23. <\/p>\n<p>This is the first time the company has reported profit on consolidated numbers. <\/p>\n<p>The Walmart-owned firm reported a 74 per cent jump in its revenue for FY24 at Rs 5,064, up from Rs 2,914 crore in FY23.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fintech major PhonePe Group on Monday reported an impressive turnaround, recording an adjusted profit after tax at Rs 197 crore for the financial year 2024 (FY24) against a loss of Rs 738 crore in FY23. This is the first time the company has reported profit on consolidated numbers. The Walmart-owned firm reported a 74 per cent jump in its revenue for FY24 at Rs 5,064, up from Rs 2,914 crore in FY23.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-848104","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/848104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=848104"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/848104\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=848104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=848104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=848104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}