PhonePe's Revenue Jumps 22% to Rs 3,918 Cr, Net Loss Widens to Rs 1,444 Cr in H1FY26

• PhonePe's revenue from operations increased by 22% to Rs 3,918.5 crore in H1FY26.
• The company reported a net loss of Rs 1,444.4 crore for the first half of FY26, widening from Rs 1,203.2 crore in the previous year.
• Total expenses reached Rs 6,069.3 crore, with employee benefits (Rs 2,869 crore) and payment processing charges (Rs 1,090 crore) being major cost drivers.
• PhonePe filed an updated draft red herring prospectus (UDRHP) with Sebi for a pure offer-for-sale (OFS) IPO.
• The IPO will involve selling up to 50,660,446 equity shares, with WM Digital Commerce Holdings Pte. Ltd. as the largest seller.

Why It Matters: PhonePe saw significant revenue growth but also a widening net loss in H1FY26 ahead of its OFS IPO.