The Walmart-backed digital payments platform narrowed its net loss by 13.4% to Rs 1,727.4 crore in 2024-25, from Rs 1,996.1 crore in 2023-24 backed by a surge in revenue, according to financial statements sourced from the Registrar of Companies.
The operating revenue of the fintech company surged 40.4% to Rs 7,114.8 crore from Rs 5,064.1 crore during this period.
Total expenses, however, shot up 21.1% to Rs 9,394 crore in 2024-25. Payment processing charges, the fees borne by payment companies for settling transactions with banks, soared 44.7% to Rs 1,688.1 crore, while employee benefit expenses increased 13.6% during the period.
Though the company has diversified into a full-stack financial services platform, offering credit, insurance and stockbroking, it remains anchored to its core business of payments.
More to come…