PhonePe, the Walmart-backed fintech giant, has announced a significant milestone by turning profitable for the fiscal year 2024, excluding costs related to employee stock options (ESOPs). The company reported a profit after tax (PAT) of ₹197 crore, excluding ESOP expenses, marking a dramatic turnaround from a loss of ₹738 crore in FY23.
In a statement released on Monday, PhonePe highlighted…
