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IPO-bound PhonePe's payments business generates ₹1,931.80 crore in adjusted EBITDA in FY25

PhonePe has filed its Updated Draft Red Herring Prospectus with SEBI, moving closer to its IPO. The offering includes 50.66 million shares, primarily from Walmart, and showcases significant revenue growth, particularly in its core payments segment, despite losses in new ventures.

Mar 09, 2026 &03080909202631; 12:08 UTC www.livemint.com Trending 3/5

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Positive for markets

Sentiment score: +72/100

High impact Short-term (days)

WHAT THIS MEANS

PhonePe's IPO filing with SEBI shows strong financial performance with ₹1,931.80 crore adjusted EBITDA in FY25, driven by robust payments business growth. The offering includes 50.66 million shares primarily from Walmart, positioning the fintech company for public markets despite ongoing losses in newer business segments.

AI CONFIDENCE

85% Very high

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

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PHONPE_IPO

PHONPE_IPOStock

Expected to rise

Strong EBITDA generation and successful IPO filing indicate healthy core business fundamentals and market readiness

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IT→.MI

IT→.MIIndex

Expected to rise

Indian IT and fintech sector sentiment positive due to major IPO milestone from leading payments company

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S&P 500

^GSPCIndex

Expected to rise

Positive sentiment for emerging market fintech investments and Indian digital economy growth narrative

PRICE HISTORY

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⚡ SUGGESTED ACTION

Monitor PhonePe IPO pricing and subscription details closely; strong EBITDA metrics suggest premium valuation potential. Consider positioning in Indian fintech and digital payment ecosystem plays ahead of IPO listing, as successful debut could catalyze broader sector rally.

KEY SIGNALS

SEBI IPO filing approval - regulatory milestone achieved₹1,931.80 crore adjusted EBITDA demonstrates profitability in core paymentsWalmart stake reduction through IPO - institutional confidence signalStrong revenue growth in payments segment offsetting new venture lossesMarket entry timing favorable for fintech IPOs in India

SECTORS INVOLVED

Financial TechnologyDigital PaymentsFinancial ServicesInformation Technology

Analysis generated on Mar 09, 2026 at 13:22 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by Livemint. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

IPO-bound PhonePe's payments business generates ₹1,931.80 crore in adjusted EBITDA in FY25

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