In the financial year 2023, BillDesk’s operating revenue increased by 10% to INR 2,678.3 Cr from INR 2,442.8 Cr in the previous fiscal year.
When including other income, total revenue also saw a 10% growth, reaching INR 2,765.4 Cr from INR 2,513.8 Cr in FY22.
In the fiscal year FY23, BillDesk saw a significant rise in its overall spending, shooting up by 12% to reach INR 2,561.5 Cr compared to INR 2,295 Cr in FY22.
When we dive into the specifics, technical costs took the lion’s share, encompassing various operational expenses such as bank fees, service charges, data and communications, and verification costs. These technical expenditures surged by 9% to INR 2,146.3 Cr in FY23, constituting a whopping 84% of the total expenses. The preceding fiscal year, FY22, witnessed a sum of INR 1,963.6 Cr allocated under this category.