- BharatPe’s adjusted Profit Before Tax (PBT), excluding ESOP expenses, swung 102%—from a ₹342 crore loss in FY24 to a ₹6 crore profit in FY25.
- Total revenue surged to ₹1,734 crore, reflecting robust topline growth across business verticals.
- EBITDA (excluding ESOP expenses) rose 168%, turning from a ₹209 crore loss in FY24 to a ₹141 crore profit in FY25—demonstrating strong operational efficiency.
- Offline UPI QR transactions grew 26% year-on-year, reinforcing BharatPe’s leadership in merchant payments.
- The company increased its stake in NBFC arm Trillionloans to 74%, advancing toward full ownership and deeper integration.
National | August 7, 2025 — BharatPe, one of India’s leading full-stack fintech companies and the only player with an NBFC (Trillionloans), a stake in a Small Finance Bank (Unity SFB), and an Online Payment Aggregator license, today announced its first-ever adjusted profit before tax (PBT), marking a significant inflection point in its growth journey.
For FY25, BharatPe reported an adjusted PBT of ₹6 crore (excluding ESOP expenses), a remarkable turnaround from a ₹342 crore loss in FY24. Total revenue surged to ₹1,734 crore, driven by strong performance across business lines, while EBITDA (excluding ESOP expense) improved to a ₹141 crore profit from a ₹209 crore loss in the previous year—highlighting sharp operational efficiency gains. Offline UPI QR transactions grew 26% year-on-year.
Sustained Financial Momentum
Revenue from operations has expanded at a 54% CAGR, climbing from ₹457 crore in FY22 to ₹1,667 crore in FY25, while adjusted PBT improved from a ₹765 crore loss in FY22 to a positive ₹6 crore in FY25.
Leadership Commentary
Nalin Negi, CEO, BharatPe, said: “Becoming PBT positive is more than a financial milestone—it’s proof of a deeper, durable turnaround. We are now scaling with discipline, strong governance, and a focus on long-term value creation. With profitability as our foundation, we’re ready to expand into new verticals, accelerate growth, and cement our position as India’s most comprehensive fintech platform.”
Strategic Growth Highlights
- Payment Aggregation Authorisation: In April 2025, BharatPe received final RBI approval to operate as an Online Payment Aggregator, enabling it to expand its merchant base, strengthen its presence in Tier 2 and Tier 3 cities, and invest in advanced payment infrastructure.
- Lending Expansion: Increased stake in Trillionloans to 74%, reinforcing its NBFC capabilities. Trillionloans, rated IND BBB+ (Stable) by India Ratings & Research, continues to scale using AI-driven credit assessment, seamless API-based disbursement, and a strong digital lending ecosystem.
- UPI Infrastructure Leadership: As Technology Service Provider (TSP) for Unity SFB, BharatPe powers UPI transaction processing at scale—ensuring high availability, throughput, and compliance with NPCI protocols.
- New Verticals in the Pipeline: Actively scaling UPI TPAP (BharatPe app) and Invest BharatPe to expand its portfolio of merchant and consumer financial solutions.
With a profitable base, robust tech infrastructure, and diversified offerings, BharatPe is positioned to drive responsible, high-growth expansion in payments, lending, and financial services across India’s fast-evolving fintech landscape.
