IPO-Bound PhonePe Posts ₹2,792 Cr Loss In FY26, Revenue Up 11.5% YoY

Fintech major PhonePe’s net loss widened by 62% in the financial year ended March 2026 (FY26) to ₹2,792 Cr from ₹1,727.4 Cr reported in the previous fiscal year, as higher employee costs, elevated marketing spends, ESOP expenses, and one-time write-offs offset double-digit revenue growth. Operating revenue rose 11.5% to ₹7,920.5 Cr in FY26 from ₹7,105 Cr in the previous fiscal. Including other income of ₹467.4 Cr, PhonePe’s total revenue increased 10% YoY to ₹8,387.9 Cr.