21/10/2024, 8:33:04 pm

PhonePe reports ₹197 crore profit in FY23-24, marking strong recovery

PhonePe reported a Profit After Tax (PAT) of ₹197 crore for fiscal year 2023-24, a significant recovery from a loss of ₹1,513 crore in FY18-19. The fintech company’s standalone payments business also recorded a profit of ₹710 crore during the same period, demonstrating strong financial performance driven by automation, efficiency, and strategic financial management.