{"id":848444,"date":"2024-08-27T10:42:44","date_gmt":"2024-08-27T05:12:44","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=848444"},"modified":"2024-08-27T10:41:53","modified_gmt":"2024-08-27T05:11:53","slug":"fintech-startup-phonepe-swings-to-adjusted-profit-in-fy24","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/27\/fintech-startup-phonepe-swings-to-adjusted-profit-in-fy24\/","title":{"rendered":"Fintech startup PhonePe swings to adjusted profit in FY24"},"content":{"rendered":"<p>Bengaluru: Fintech startup PhonePe clocked a profit after tax of \u20b9197 crores, excluding ESOP costs, in the financial year 2024, compared to a loss of \u20b9738 crore a year earlier.<\/p>\n<p>The company\u2019s standalone payments business also reported an adjusted PAT of \u20b9710 crore for FY24 against a loss of \u20b9194 crore a year earlier, PhonePe said in a statement on Monday. <\/p>\n<p>If ESOPs are included, PhonePe reported a loss. ESOPs or employee stock options, used as a tool to reward or retain employees, can have a substantial cost and tax burden for the company and employees. PhonePe didn&#8217;t offer details of its ESOPs costs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bengaluru: Fintech startup PhonePe clocked a profit after tax of \u20b9197 crores, excluding ESOP costs, in the financial year 2024, compared to a loss of \u20b9738 crore a year earlier. The company\u2019s standalone payments business also reported an adjusted PAT of \u20b9710 crore for FY24 against a loss of \u20b9194 crore a year earlier, PhonePe said in a statement on Monday. If ESOPs are included, PhonePe reported a loss. ESOPs or employee stock options, used as a tool to reward or retain employees, can have a substantial cost and tax burden for the company and employees. PhonePe didn&#8217;t offer details [&hellip;]<\/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":[55,13,4],"tags":[],"class_list":["post-848444","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/848444","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=848444"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/848444\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=848444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=848444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=848444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}