Digital payments leader PhonePe posted revenues of ₹3,918 crore in the first half of FY26, marking robust growth ahead of its anticipated IPO. However, net losses widened to ₹1,444 crore due to rising expenses and investments in expansion. The results highlight both the company’s scale and its profitability challenges.
PhonePe, one of India’s largest digital payments platforms, has reported significant revenue growth in the first half of FY26, touching ₹3,918 crore. The company, which is preparing for its much-anticipated IPO, also saw its net loss widen to ₹1,444 crore, reflecting higher operating costs and aggressive investments in technology and market expansion.
Industry analysts note that while PhonePe’s strong topline performance underscores its dominant position in India’s fintech ecosystem, the widening losses highlight the challenges of balancing growth with profitability. The company continues to invest heavily in new services, merchant partnerships, and infrastructure to strengthen its competitive edge.
Key Highlights
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Revenue Growth: ₹3,918 crore in H1 FY26, up significantly year-on-year.
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Net Loss: Widened to ₹1,444 crore due to rising expenses.
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IPO Plans: Results come ahead of PhonePe’s much-anticipated public listing.
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Strategic Focus: Heavy investments in technology, merchant expansion, and new financial services.
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Market Position: Reinforces PhonePe’s leadership in India’s digital payments sector.
PhonePe’s performance sets the stage for one of India’s most closely watched IPOs, with investors weighing its growth potential against profitability concerns.
Sources: Economic Times, Moneycontrol, Business Standard