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Economic Times
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PhonePe FY24 operating revenue up 73% to Rs 5,064 crore, loss down 28%
- PhonePe reported a 73% jump in operating revenue at Rs 5,064 crore for FY24.
- The net loss for the year fell 28% to Rs 1,996 crore.
- Expenses increased by 31% primarily due to employee expenses and payment processing charges.
- PhonePe reported a profit of Rs 197 crore, excluding employee stock ownership costs.
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