PhonePe turns profitable excluding Esop costs in FY24
PhonePe reported a profit of Rs 197 crore in FY24, excluding Esop costs, after facing losses of Rs 738 crore in FY23. Revenue increased by 74%, reaching Rs 5,064 crore. Valued at $12 billion, the company plans to go public and has expanded into sectors like insurance, merchant lending, and stock broking.
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PhonePe reported a profit of Rs 197 crore in FY24, excluding Esop costs, after facing losses of Rs 738 crore in FY23. Revenue increased by 74%, reaching Rs 5,064 crore. Valued at $12 billion, the company plans to go public and has expanded into sectors like insurance, merchant lending, and stock broking. 
