PhonePe pares net loss in FY25 as it prepares for IPO
22 Sep 2025, 06:02 PMThe fintech company's operating revenue jumped 40% to Rs 7,115 crore in FY25.
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Walmart-owned fintech firm PhonePe's net loss narrowed to Rs 1,727 crore in the financial year ended March 31, 2025 as the company prepares to float its initial public offering (IPO).
PhonePe's net loss was at Rs 1,996 crore in the last financial year.
The fintech company's operating revenue jumped 40% to Rs 7,115 crore in FY25 from Rs 5,064 crore in the previous fiscal, per the Registrar of Companies (RoC) filings.
This growth was primarily driven by payment services, which contributed nearly 89% of total revenue at Rs 6,300 crore.
Employee costs comprised the largest component of its expenses at Rs 4,097 crore, with payment processing charges accounted for Rs 1,688 crore. Advertising expenses declined by 21.6% to Rs 542 crore.
Earlier this month, PhonePe received the Reserve Bank of India's (RBI) final authorization to operate as an online payment aggregator.
The fintech company is planning to file its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India soon. It aims to raise as much as $1.5 billion via its IPO at a valuation of $15 billion, as per media reports.
Earlier this month, another fintech company Pine Labs got the SEBI nod to float its IPO while stock broking platform Groww filed revised IPO papers with the SEBI.
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