BharatPe's credit cost check drives its ops into profit

Turnaround Qtr

- AYANTI BERA

FINTECH FIRM BHARATPE has reported its first-ever adjusted profit before tax of ₹6 crore in FY25, excluding Esop expenses, marking a sharp turnaround from a loss of ₹342 crore in the preceding year. Even at a net level, losses for the year were significantly lower at ₹88 crore, as the company benefited from better control over its credit costs, said CEO Nalin Negi.

"We've built a business with a lot of variable costs, so if something doesn't work, we can exit quickly, rather than being stuck with a fixed cost. That flexibility, along with revenue growth and cost optimisation, helped improve the bottom line by quite a big margin," Negi told FE in an interaction.