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PhonePe Posts 40% Revenue Jump, Narrows FY25 Loss as IPO Filing Nears

RBI clearance alongside positive operating cash flow bolsters the Walmart-backed fintech's push to list.

Overview

  • Revenue from operations rose 40.5% year-on-year to about INR 7,115 crore in FY25, crossing the INR 7,000 crore mark.
  • Consolidated net loss narrowed to INR 1,727.4 crore, while total expenses climbed about 21% to INR 9,394 crore.
  • Adjusted profit after tax reportedly tripled to INR 630 crore and net cash flow from operations reached INR 1,202 crore.
  • The company is expected to confidentially file draft IPO papers with SEBI this month, with reports indicating a $1.2–$1.5 billion raise at a $7–$8 billion valuation.
  • PhonePe recently received final RBI approval to operate as a payment aggregator, and in August processed over 915 crore UPI transactions worth nearly INR 12 lakh crore for an estimated 46.5% market share.