New Delhi, July 15 -- India's fintech industry has entered a new phase of profitability, with wealthtech emerging as the sector's biggest earnings engine, according to a report by institutional brokerage firm Jefferies India Pvt. Ltd.

FY25 marked "the sector's first year of profit," with aggregate profit after tax projected to rise to Rs.43,000 crore by FY30 from Rs.2,300 crore currently, Jefferies said in a report published on Tuesday.

Payments generated Rs.51,200 crore of the fintech industry's Rs.1.03 trillion in FY25 revenue, but posted an aggregate loss of Rs.5,300 crore, with adjusted Ebitda of just Rs.400 crore, Jefferies said.

Meanwhile, wealthtech, which generated Rs.22,600 crore in revenue, clocked Rs.10,400 crore in adjusted...