PhonePe FY26 Loss Widens 62% to ₹2,792 Cr as Revenue Rises 11.5%
PhonePe’s operating revenue reached ₹7,920.5 crore in FY26, but higher marketing, ESOP and processing costs, plus Indus Appstore impairment and Pincode closure losses, widened its net loss. Its planned IPO has been deferred amid market volatility.
PhonePe’s FY26 loss widened to ₹2,792 crore despite 11.5% operating-revenue growth, pressured by ESOPs, marketing, payment-processing costs and write-offs. The Indian payments leader shut Pincode, impaired Indus Appstore goodwill, and deferred its planned IPO amid market volatility.
Why this matters
PhonePe’s FY26 results follow recent signals reporting ₹7,920 crore revenue and attributing its ₹2,792 crore loss to non-cash charges, reinforcing a pattern of revenue growth alongside widening reported losses.
retail-company is accelerating, up 573950% QoQ.
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