In FY24, PhonePe's profit increased to ₹197 crore from a ₹738 crore loss in the previous year, with revenue reaching ₹5,064 crore.

Indian digital payments platform PhonePe reported a profit of ₹197 crore ($26 million) for the financial year 2023-24 (FY24), a significant improvement from a loss of ₹738 crore in the previous year. The company's revenue grew 74% year-over-year, reaching ₹5,064 crore ($660 million). PhonePe aims to continue its progress toward profitability through disciplined financial management, capital allocation, and a diversified revenue model.

August 26, 2024
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