New Delhi, July 26 -- PhonePe reported strong revenue growth in FY26, with its consolidated revenue from operations rising to Rs.7,920 crore, according to regulatory filings with the Registrar of Companies (RoC). This marks an increase of Rs.815 crore, or 11.47%, compared to the previous financial year.

The company said it has not recognised revenue related to the UPI Digital Incentive (DI) for FY26, as the government is yet to disburse the incentive funds to the industry. The corresponding DI revenue is expected to be reflected in PhonePe's FY27 financial statements.

On a normalised operating basis, PhonePe posted a net loss of Rs.1,377 crore in FY26, while its total consolidated net loss widened to Rs.2,792 crore, compared with Rs.1,7...