PayU claims 50% sales growth and Rs 126 crore net profit.

HomeStartupPayU claims 50% sales growth and Rs 126 crore net profit.

Published on

October 29, 2022

PayU Payments, the Indian affiliate of Dutch technology investment group Prosus, reported a 50% increase in consolidated revenue to Rs 2,130.2 crore for 2021-2022 (FY22). while FY22 net profit was Rs 125.8 crore.
The fiscal year ending March 31, 2021 had consolidated revenue of Rs 1,415.67 crore (FY21). Same-period net losses were Rs 114.6 crore.
In FY22, operations revenue rose to Rs 2,099.4 crore from Rs 1,393.8 crore.
FY22 costs were Rs 2,229.5 crore, up from Rs 1,530.3 crore in FY21.
“Robust success in the India payments sector and a strong rebound in credit” drove PayU’s worldwide revenue up 45% to $796 million in FY22, Prosus added.