BharatPe Achieves Profitability for the First Time in Fiscal Year 25
Fintech company BharatPe, headquartered in Gurugram, has made significant strides by achieving profit before tax (PBT) for the first time in fiscal year 25. The company reported an adjusted PBT of ₹6 crore, excluding ESOP expenses, a remarkable turnaround from a loss of ₹342 crore in the previous fiscal year (24). With a total turnover of ₹1,734 crore, BharatPe showcased impressive growth across various business segments.
Improved EBITDA Performance
The company’s EBITDA, excluding ESOP costs, improved significantly, transitioning to a profit of ₹141 crore from a loss of ₹209 crore in fiscal year 24. Another highlight was the 26% annual growth in UPI’s offline transactions, showcasing the company’s expanding reach and operational effectiveness.
Revenue Growth and Strong Financial Governance
BharatPe’s revenues from operations exhibited a robust annual growth rate of 54%, rising from ₹457 crore in fiscal year 22 to ₹1,667 crore in fiscal year 25. This positive adjusted PBT reflects a remarkable recovery from a loss of ₹765 crore in the year 22, signaling the company’s commitment to sustainable business practices.
Insights from Leadership
Nalin Negi, CEO of BharatPe, commented, “Achieving a positive PBT marks more than just a financial milestone; it represents a successful turnaround. We are scaling responsibly with a focus on strong financial governance and sustainable value creation. This performance highlights our disciplined execution and effective cost control.”
Expansion of Operations
In the past year, BharatPe has broadened its operational footprint by venturing into vertical sectors, including the development of the UPI TPAP (BharatPe App) and Invest BharatPe. The company also received final authorization from the Reserve Bank of India to operate as an online payment gateway, allowing it to enhance its market reach, particularly in tier 2 and tier 3 cities.
Innovative Lending and Partnerships
BharatPe has increased its market participation to 74%, with its loans classified as “IN BBB+” with a stable outlook by the Ratings and Research Agency in India. Utilizing AI-based credit assessment models and API-based loans, the company has rapidly developed its lending solutions. Additionally, BharatPe serves as a technology service provider for Unity Small Finance Bank, handling UPI transaction processing and ensuring compliance with NPCI protocols.
Milestones and Future Prospects
Founded in 2018, BharatPe introduced India’s first UPI interoperable QR code and a zero-MDR payment acceptance service, later launching BharatPe Swipe for card payments. Today, it boasts a network of over 1.7 crore registered merchants in more than 450 cities, processing over 450 million UPI transactions monthly, with a transaction volume of ₹12,000 crore.
Furthermore, its lending platform, BharatPe Money, has facilitated loan disbursements exceeding $2 billion in partnership with NBFCs, while its POS trade processes transactions worth over ₹27,000 crore annually across more than 125,000 machines.