BharatPe achieves adjusted profits in fiscal year 25, albeit with a deceleration in revenue growth
In a significant milestone for the Indian fintech industry, BharatPe has reported its first-ever profitability, marking a remarkable turnaround from a loss of Rs 342 crore in the previous fiscal year. The company recorded an adjusted pre-tax profit of Rs 6 crore in the financial year ending March 2025.
This financial turnaround is a testament to BharatPe's disciplined cost control and execution, positioning the company for accelerated growth and vertical expansion in the Indian fintech landscape.
Profitability and Revenue Growth
BharatPe's earnings before interest, taxes, depreciation, and amortisation (EBITDA), excluding ESOP costs, stood at Rs 141 crore profit in FY25. The company's total revenue for the same period reached Rs 1,734 crore. Offline Unified Payments Interface (UPI) QR transactions grew by 26% year-on-year.
Growth and Expansion
BharatPe has increased its ownership in its lending subsidiary Trillionloans to 74%, with the assets under management surpassing the Rs 1,000-crore mark in the first nine months of FY25, almost doubling since March 2023.
The company has also secured RBI approval for its subsidiary Resilient Innovations to operate as a licensed online payment aggregator. This move enhances BharatPe's regulatory compliance and broadens its fintech service offerings.
BharatPe is actively working to raise $80–100 million in a pre-IPO funding round to strengthen its financial position ahead of an eventual public listing. However, the IPO itself is not expected in FY26 due to market conditions.
New Verticals and Partnerships
BharatPe has scaled up two of its verticals: UPI TPAP (Third Party Application Provider) via the BharatPe app and investment app Invest BharatPe. The company is also in discussions with various partners to expand its services in the insurance and mutual fund sectors.
Settlement with Co-founder Ashneer Grover
BharatPe's co-founder Ashneer Grover had disputes with the company that have now been resolved. As part of the settlement agreement, Ashneer Grover has severed all ties with BharatPe. The specific terms of the settlement were not disclosed.
Looking Ahead
This financial turnaround and expansion come as BharatPe continues to innovate and grow in the Indian fintech market. With a strong focus on regulatory compliance, strategic partnerships, and a commitment to customer-centric solutions, BharatPe is well-positioned to continue its growth trajectory.
[1] BharatPe Achieves Profitability [2] BharatPe's EBITDA Turns Positive [3] BharatPe's Growth and Expansion [4] BharatPe's Pre-IPO Funding Round [5] BharatPe's IPO Timeline
- BharatPe's EBITDA turned positive, marking a significant milestone in its financial journey, as it reported an adjusted pre-tax profit of Rs 6 crore in the financial year ending March 2025.
- In the pursuit of growth and expansion, BharatPe has increased its ownership in its lending subsidiary Trillionloans, with assets under management surpassing the Rs 1,000-crore mark, a near doubling since March 2023.
