Indian fintech giant PhonePe has achieved remarkable financial milestones in Fiscal Year 2025, significantly cutting its consolidated losses while simultaneously boosting revenue and adjusted profits.
The company’s losses narrowed to ₹1,727.4 crore in FY25, a substantial improvement from ₹1,996.1 crore in the preceding fiscal year. This positive shift was driven by an impressive 40.5% increase in operational revenue, which climbed from ₹5,064 crore in FY24 to ₹7,115 crore in FY25, according to data from Tofler.
PhonePe also reported an outstanding tripling of its adjusted Profit After Tax (PAT) to ₹630 crore in FY25, up from ₹197 crore in the previous fiscal year. A key highlight for the Walmart-backed firm is its achievement of becoming free cash flow positive for the financial year ending March 31, 2025, generating a net cash flow from operations of ₹1,202 crore.
Despite these gains, PhonePe’s total expenses saw a 21% year-on-year rise, reaching ₹9,394 crore in FY25. Looking ahead, the company is preparing to file its Draft Red Herring Prospectus (DRHP) later this year, signaling further strategic moves in its growth trajectory.