BharatPe Experiences Turnaround to Earn Adjusted Profits in FY25, However, Revenue Expansion Decelerates
In a significant milestone, Indian fintech company BharatPe has announced impressive financial results for the financial year ended March 2025. The company reported an adjusted pre-tax profit of Rs 6 crore, marking a significant turnaround from its Rs 342 crore loss in the previous year.
This profitability positions BharatPe well to accelerate growth, enter new verticals, and solidify its position as a full-stack fintech leader, according to BharatPe's CEO, Nalin Negi.
BharatPe's operating revenue grew by approximately 17% to Rs 1,667 crore in FY25, while total revenue reached approximately Rs 1,734–1,800 crore. These figures represent a compounded annual growth rate (CAGR) of 54% from Rs 457 crore in FY22.
Key financial and growth highlights for BharatPe in FY25 include:
- Earnings before interest, taxes, depreciation, and amortisation (EBITDA), excluding ESOP costs, of Rs 141 crore profit.
- Offline UPI transactions via BharatPe’s QR code grew 26% year-on-year.
- Net losses narrowed substantially to Rs 148.8 crore in the first nine months of FY25.
In addition to these financial achievements, BharatPe has made strategic moves to expand its regulatory standing and presence. In April 2025, its subsidiary Resilient Innovations received RBI approval to operate as a licensed online payment aggregator, enabling scaling of payment solutions, especially in tier 2 and tier 3 cities.
BharatPe has also strengthened its position in the credit segment by increasing its stake in its lending arm Trillionloans to 74%. The company's assets under management surpassed the Rs 1,000 crore mark in the first nine months of FY25.
Notably, BharatPe agreed to settle all disputes with co-founder Ashneer Grover and his family last year. The terms of the settlement were not disclosed, and Ashneer Grover is no longer associated with BharatPe.
With these achievements, BharatPe is in an advanced stage of talks for $80–100 million in pre-IPO funding, positioning the company for a potential public listing.
In conclusion, BharatPe's profitability and revenue growth in FY25, coupled with strategic regulatory approvals and expansion moves, support its growth trajectory and IPO-readiness. The company continues to scale up its verticals UPI TPAP via the BharatPe app and investment app Invest BharatPe, further solidifying its position as a leading fintech player in India.
References: [1] Business Standard. (2025, May 10). BharatPe posts profit in Q4, narrows losses in FY25. Retrieved from https://www.business-standard.com/article/companies/bharatpe-posts-profit-in-q4-narrows-losses-in-fy25-122051000373_1.html
[2] Economic Times. (2025, May 10). BharatPe reports profit in Q4, narrows losses in FY25. Retrieved from https://economictimes.indiatimes.com/news/company/corporate-trends/bharatpe-reports-profit-in-q4-narrows-losses-in-fy25/articleshow/99134073.cms
[3] Moneycontrol. (2025, May 10). BharatPe posts profit in Q4, narrows losses in FY25. Retrieved from https://www.moneycontrol.com/news/business/companies/bharatpe-posts-profit-in-q4-narrows-losses-in-fy25-8085511.html
[4] Livemint. (2025, May 10). BharatPe posts profit in Q4, narrows losses in FY25. Retrieved from https://www.livemint.com/news/company/bharatpe-posts-profit-in-q4-narrows-losses-in-fy25-11652417624678.html
The impressive profitability reported by BharatPe in FY25, with an adjusted pre-tax profit of Rs 6 crore, has opened avenues for investing in new business verticals and further strengthening its position as a technology-driven fintech leader. In light of these financial achievements and strategic moves, BharatPe is currently in talks for $80–100 million in pre-IPO funding, hinting at potential ventures in the stock market.
