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PhonePe Revenue Up, But Losses Widen Sharply
25 Jul
Summary
- PhonePe's operating revenue increased by 11% to Rs 7,920 crore in fiscal 2026.
- The company's net loss surged by 62%, reaching Rs 2,792 crore in the same period.
- Revenue growth significantly slowed compared to previous fiscal years.
PhonePe, a fintech firm owned by Walmart, has announced its financial results for fiscal year 2026. The company's operating revenue saw an increase of 11%, amounting to Rs 7,920 crore. This growth rate represents a significant deceleration compared to the 40% growth recorded in FY25 and the 74% growth from the year prior.
Despite the revenue uptick, PhonePe experienced a substantial surge in its net loss. The company reported a 62% increase in net loss, bringing the total to Rs 2,792 crore for FY26. Regulatory documents obtained from Tofler detail these financial figures, highlighting a growing expenditure alongside slower revenue expansion.
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