• Business

    PhonePe revenue grows 40% to ₹7,115 cr in FY25

    AnyFans Posted on

    By Jyoti Banthia

    Copyright thehindubusinessline

    PhonePe revenue grows 40% to ₹7,115 cr in FY25

    IPO-bound fintech major PhonePe reported a 40 per cent growth in revenue at ₹7,115 crore in FY25 by diversifying its offerings for consumers and merchants.

    The fintech also turned free cash flow positive, with operations generating ₹1,202 crore for the year, sources said. The company also recorded positive Adjusted EBIT (excluding ESOP costs) for the first time at ₹117 crore.

    The Walmart-backed fintech continued to improve its bottom line, with Adjusted EBITDA (excluding ESOP costs) more than doubling to ₹1,477 crore from ₹652 crore in the prior year, and Adjusted PAT (excluding ESOP costs) more than tripling to ₹630 crore from ₹197 crore in the prior year.

    diversifying strategy

    The performance reflects the company’s strategy of diversifying into loan distribution and stock broking alongside its core payments business. These newer verticals, coupled with merchant services, have started to yield meaningful revenues.

    In FY25, revenue from payment services stood at ₹6,299.7 crore, accounting for 85 per cent of total operating revenue. Revenue from insurance and lending distribution services came in at ₹557.6 crore, contributing around 8 per cent. Revenue from other services, which includes stockbroking, mutual fund distribution, and marketplace platform services, was ₹57.2 crore.

    On September 19, PhonePe announced it had received final authorisation from the Reserve Bank of India (RBI) to operate as an online payment aggregator, allowing it to expand its presence among online merchants, particularly small and medium businesses.

    The company recently said it has more than 650 million registered users and a merchant network spanning 45 million outlets. It processes over 360 million transactions daily, with an annualised total payment value (TPV) of more than ₹150 lakh crore.

    The financials come at a time when the company is preparing for a potential public listing. The fintech is expected to file its draft red herring prospectus (DRHP) later this year. It has hired Kotak Mahindra Capital, JPMorgan Chase, Citigroup, and Morgan Stanley as bankers for the issue. The company also transitioned from a private to a public entity in April.

    businessline had reported that the company will file its draft IPO papers with the market regulator SEBI by the end of this month. It’s taking the confidential route of filing its paper.

    Published on September 22, 2025

    You Might Also Like