BharatPe turns profitable, reports adjusted profit before tax of Rs 6 crore
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Fintech major BharatPe reported on Thursday that it has achieved an adjusted profit before tax (PBT, excluding ESOP expense) of Rs 6 crore, reversing a loss of Rs 342 crore in FY24, a swing of 102%.Ebitda (excluding ESOP expense) improved to a profit of Rs 141 crore, compared to a loss of Rs 209 crore in the previous year. Total revenue in FY25 reached Rs 1,734 crore.Offline Unified Payments Interface (UPI) QR transactions grew by 26% year-on-year. BharatPe also increased its ownership in its lending subsidiary, Trillionloans, to 74%. 'Becoming PBT positive marks more than just a financial milestone, it signals a successful turnaround,' said Nalin Negi, CEO of BharatPe. "This performance reflects our disciplined execution, cost control, and focus on building scalable, revenue-generating businesses. With profitability as our foundation, we are well-positioned to accelerate growth, enter new verticals, and solidify our position as a full-stack fintech leader,' he said in a statement. ET reported on August 1 that the company is expecting to report a profit before interest, taxes, depreciation and amortisation in its fiscal 2025 results, and is eyeing funding of $100 million.Leveraging a fresh and committed management team and profitability in the core business, Negi has been reaching out to investors for a possible fund infusion, targetting a $80-100 million fundraise.
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