<ul><li>PhonePe, a fintech major, has reduced its consolidated net loss by 28% to INR 1,996 Cr in FY24 compared to INR 2,795 Cr in the previous year.</li><li>The operating revenue of PhonePe increased by 74% to INR 5,064 Cr in FY24.</li><li>PhonePe attributed its improved performance to automation, cross-selling, and cost efficiency.</li><li>The company reported an adjusted profit of INR 197 Cr in FY24, compared to a loss of INR 738 Cr in FY23.</li></ul>

PhonePe Narrows Net Loss To INR 1,996 Cr In FY24

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