Overview

• Operating revenue rose to Rs 7,114.9 crore in FY25, while the consolidated net loss narrowed to Rs 1,727.4 crore.
• Total expenses climbed to Rs 9,394 crore, including Rs 2,358.6 crore in share-based payments, with adjusted PAT reported around Rs 630 crore and operating cash flow at Rs 1,202 crore.
• Payments contributed about 88.5% of operating revenue, with payment services at Rs 6,299.7 crore and insurance and lending distribution up 208% to Rs 557.6 crore.
• PhonePe received final RBI authorisation to operate as a payment aggregator and separately faced a Rs 21 lakh penalty related to prepaid instrument compliance.
• NPCI data for August show roughly 9.15 billion UPI transactions worth Rs 11.99 lakh crore and a market share near 46%, as the company prepares a confidential DRHP targeting a reported $1.2–$1.5 billion raise.