Fintech firm PayU Payments has reported a narrowing of loss to Rs 248 crore in the financial year 2024-25, according to a regulatory document shared by market intelligence firm Tofler on Tuesday.
Fintech firm PayU Payments has reported a narrowing of loss to Rs 248 crore in the financial year 2024-25, according to a regulatory document shared by market intelligence firm Tofler on Tuesday.
The company had posted a loss of Rs 429.51 crore in the same period a year ago.
The consolidated revenue from operations of PayU increased by about 23% to Rs 5,562.98 crore in FY25, from Rs 4,527.39 crore in FY24.
PayU, however, reported a widening of losses to Rs 3,567.8 crore in FY25 on a standalone basis, from around Rs 273 crore in FY24.
"Payu Payments Private Ltd operates as an investment company, and reported its revenues for the financial year 2024-25 as Rs 3,972 crore, a 16% jump since the last financial year. The company further reported a net loss of Rs 3,568 crore during the same fiscal year," Tofler said.
The company's employee benefit expenses decreased by 6.4% year-on-year to Rs 667.62 crore.
Fintech firm PayU Payments has reported a narrowing of loss to Rs 248 crore in the financial year 2024-25, according to a regulatory document shared by market intelligence firm Tofler on Tuesday.
The company had posted a loss of Rs 429.51 crore in the same period a year ago.
The consolidated revenue from operations of PayU increased by about 23% to Rs 5,562.98 crore in FY25, from Rs 4,527.39 crore in FY24.
PayU, however, reported a widening of losses to Rs 3,567.8 crore in FY25 on a standalone basis, from around Rs 273 crore in FY24.
"Payu Payments Private Ltd operates as an investment company, and reported its revenues for the financial year 2024-25 as Rs 3,972 crore, a 16% jump since the last financial year. The company further reported a net loss of Rs 3,568 crore during the same fiscal year," Tofler said.
The company's employee benefit expenses decreased by 6.4% year-on-year to Rs 667.62 crore.