PhonePe’s numbers show shift towards margin improvement

New Delhi: Financial disclosures filed by PhonePe indicate a marked improvement in revenue scale, profitability metrics, and cash generation over the last three fiscal years, signalling a shift in the company’s financial trajectory amid India’s evolving fintech landscape.

According to the Draft Red Herring Prospectus (DRHP), PhonePe’s revenue from operations increased from Rs29,142.87 million in FY23 to Rs71,148.58 million in FY25, representing a compound annual growth rate of 56.25 per cent.

Revenue growth during this period was supported by increased monetisation across multiple business segments, including merchant payments.