PhonePe's FY26 revenue grows to ₹7,920 crore
The company recently announced that it has crossed 700 million lifetime registered users and 50 million lifetime registered merchants spread across Tier 2, 3, 4 cities and beyond.
- ▪The company recently announced that it has crossed 700 million lifetime registered users and 50 million lifetime registered merchants spread across Tier 2, 3, 4 cities and beyond.
The Hindu publishes from India and files mainly under world. We currently carry 750 of its stories.
Opening excerpt (first ~120 words) tap to expand
Demonstrating strong top-line momentum, PhonePe's consolidated revenue from operations rose to ₹7,920 crore in FY26, according to regulatory filings with the Registrar of Companies (RoC).This represents a top-line expansion of Rs 815 crore, marking an 11.47% increase compared to the previous fiscal year.As the government is yet to release the UPI Digital Incentive (DI) funds for FY26 to the industry, the revenue associated with DI has not been recognized in FY26.This portion of the FY26-related DI revenue is expected to accrue in PhonePe's FY27 financials.On a normalised operational basis, PhonePe's net loss for FY26 stood at ₹1,377 crore, while the total consolidated net loss was reported at ₹2,792 crore (vs.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Hindu.
Discussion
0 commentsMore from The Hindu
