Payment aggregator firm BillDesk witnessed a 12.8% decline in its FY24 revenue. The Mumbai-based payments major's revenue from operations stood at Rs 2,334 crore during the fiscal year ending March 2024, compared to Rs 2678 crore in FY23.

While BillDesk made 70% money (or Rs 1,591 crore) from processing payments in FY24, around 16% of its earnings came from managing loyalty programmes for clients, while the remainder was generated through the sale of products such as PINS and e-top-up subscriptions, along with other operating activities, reported Entrackr citing the company’s consolidated financial statements with the Registrar of Companies.

Bank fees and services at Rs 1,804 crore accounted for 78.8% of the overall expenditure. Despite the reduced scale, employee benefit expenses rose by 22.4% to Rs 300 crore during the financial year. 

The company's total expense stood at Rs 2,289 crore during FY24.

BillDesk posted a 14.8% drop in profit to Rs 121 crore in FY24, from Rs 142 crore in FY23.  

As of March 31, 2024, BillDesk's total current assets stood at Rs 2,612 crore, which included Rs 930 crore in cash and bank balances.