PhonePe’s revenue rose over 40% year-on-year to Rs 7,114.9 crore in FY25 from Rs 5,064 crore in FY24. Net losses narrowed to Rs 1,727.4 crore even as total expenses stood at Rs 9,394 crore. In the first half of FY26, the company reported revenue of Rs 4,174.6 crore, compared with Rs 3,918.5 crore in the same period a year earlier. Since receiving an insurance broking licence in August 2021, the company has sold about 18.49 million policies till September 2025. Beyond payments and lending, PhonePe has also expanded into stock broking, mutual fund distribution and marketplace services.

Source: Indian Express March 08, 2026 14:27 UTC