Fintech major PhonePe has seen a 40 percent year-on-year rise in revenue at Rs 7,115 crore in FY25, aided by a broader push beyond payments into financial services. The Walmart-backed fintech also turned free cash flow positive, with operations generating Rs 1,202 crore for the year, sources said.
Its adjusted EBITDA (excluding ESOP costs) more than doubled to Rs 1,477 crore, while adjusted profit after tax surged 220 percent to Rs 630 crore, sources said.
PhonePe also posted its first-ever positive Adjusted EBIT (excluding ESOP costs) of Rs 117 crore.
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.
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.
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