PayU India, the fintech arm of Dutch investor Prosus, on Tuesday announced that the company’s actual consolidated earnings before taxes (aEBIT) loss rose to $44 million in FY25 from $32 million in the previous financial year (FY24).
Its credit business also reported deeper losses, with aEBIT loss increasing from $20 million in FY24 to $32 million in FY25, according to Prosus’ latest annual report.
The rise in losses comes despite strong revenue growth in both the payments and credit segments.
The company’s overall revenue jumped 21.41 per cent year-on-year (YoY), rising from $551 million in FY24 to $669 million in FY25.
PayU’s core payments business contributed $498 million to this figure, up 12.16 per cent from $444 million previous fiscal.
This growth was supported by stronger engagement with existing merchants and higher demand for value-added services, although stiff competition in India’s fast-growing UPI ecosystem continued to weigh on margins.
Despite these challenges, PayU’s payments vertical showed signs of improvement, reaching breakeven in the second half of the year.
Its aEBIT margin improved from -8 per cent in FY24 to -2 per cent in FY25, as per the company’s latest annual report.
The credit business, operated under PayU Finance, grew rapidly, with revenue rising 59.81 per cent to $171 million from $107 million a year ago.