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PhonePe cuts losses as revenue tops ₹7,000 crore in FY25
MINT· 2025-09-22 15:07
Digital payments company PhonePe reported revenue in excess of ₹7,000 crore and a reduction in losses for FY25, according to its filings with the ministry of corporate affairs (MCA).On a consolidated basis, revenue from operations rose 41% to ₹7,148.6 crore in FY25 from ₹5,064.1 crore in FY24. Total income, including other income, came in at ₹7,631.4 crore, up from ₹5,722 crore in FY24.Expenses increased to ₹9,394.1 crore in FY25, a 21% increase from ₹7,754.3 crore in FY24. While costs continued to grow, th ...