New Delhi, Aug. 7 -- Fintech unicorn BharatPe has recorded an adjusted pre-tax profit and operating profit in the financial year gone by, as an improvement in the overall business performance offset a slowdown in topline growth.

The company, which received the Reserve Bank of India's approval to operate as an online payment aggregator in April, closed the financial year ended March 2025 with Rs 6 crore in adjusted profit before taxes (PBT), barring expenses related to employee stock options. In FY24, the company recorded a pre-tax loss of Rs 342 crore.

The company's operating revenue grew by 17% to Rs 1,667 crore in FY25. In FY24, revenue rose by 38% to Rs 1,426 crore from Rs 1,029 crore the year before, it said in a statement.

BharatPe recorded earnings before interest, taxes, depreciation, and amortisation (EBITDA), excluding ESOP costs, of Rs 141 crore profit in FY25 compared to a loss of Rs 209 crore in FY24. It didn't disclose its net loss for FY25. The company had posted a net loss of Rs 491.93 crore for FY24, according to VCCEdge.

"This performance reflects our disciplined execution, cost control, and focus on building scalable, revenue-generating businesses," said Nalin Negi, CEO of BharatPe. "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 added.

BharatPe said it is scaling up two of its verticals-UPI TPAP (Third Party Application Provider) via BharatPe app and investment app Invest BharatPe-but didn't provide any details.

In April, the RBI gave the final authorisation to the company to operate as an online payment aggregator. This led to the ramping up of its payment solutions across a wider merchant base, deepening its presence in smaller cities and towns, and investing in building advanced technology infrastructure.

BharatPe has also raised its stake in its subsidiary Trillionloans to 74%. VCCircle reported in April that Trillionloans' assets under management surpassed Rs 1,000-crore mark in the first nine months of FY25, almost doubling since March 2023.

The company, which counts Peak XV Partners and Tiger Global as investors, agreed to settle all disputes with co-founder Ashneer Grover and his family last year, with Grover severing all ties, as part of the agreement.

Published by HT Digital Content Services with permission from VC Circle.