BharatPe has achieved a historic milestone, posting an adjusted profit before tax (PBT) of ₹6 crore for FY25, compared to a hefty ₹342 crore loss in FY24—a remarkable positive turnaround. Additionally, EBITDA (excluding ESOP costs) rose sharply from a ₹209 crore loss to a ₹141 crore profit, reflecting effective cost controls and operational discipline
Financial Highlights
| Metric | FY25 | FY24 |
|---|---|---|
| Adjusted Profit Before Tax | ₹6 crore profit | ₹342 crore loss |
| EBITDA (excl. ESOP) | ₹141 crore profit | ₹209 crore loss |
| Revenue | ₹1,667–1,734 crore | — |
FY25 revenue stood between ₹1,667 crore and ₹1,734 crore, depending on the reporting source
Drivers Behind the Turnaround
- Disciplined Execution & Cost Control: CEO Nalin Negi credited disciplined execution and tight control over expenses for this turnaround The Economic Times
- Growth in UPI Transactions: Offline UPI QR transactions rose by 26% year-on-year, showing strong business traction
- Expanded Reach & Vertical Growth: BharatPe deepened its presence among merchants and introduced new verticals like UPI TPAP (via BharatPe app), Invest BharatPe, and received Payment Aggregator authorization from RBI in April
- Lending Arm Consolidation: The company increased its stake in Trillionloans to 74%, strengthening its financial services platform
What’s Next?
Following this financial milestone, BharatPe is shifting focus toward accelerating revenue growth, expanding into online merchant services, launching consumer products, and maintaining a steady path toward a potential IPO in the next 18–24 months
