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The Economic Times
The Economic Times
Nikhil Patwardhan

Navi’s FY26 loss widens fourfold on UPI investments; eyes FY27 profitability

Navi UPI ET Navi Finserv Prosus RBI

Sachin Bansal’s Navi’s consolidated net loss widened nearly fourfold to Rs 466 crore in FY26 from Rs 126 crore a year ago as it increased spending on the unified payments interface (UPI) and newer businesses to build revenue beyond lending, cofounder and chief financial officer Ankit Agarwal told ET.

Revenue from operations rose 16% to Rs 2,982 crore and total income increased 15% to Rs 3,091 crore. The March-quarter break-even covered all costs without one-offs or investment cuts. Navi expects to turn in profits in FY27, Agarwal said.

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