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Bharat Pe records 182% revenue growth in FY23, trims losses
Mint Mumbai
|December 27, 2023
Fintech unicorn BharatPe on Tuesday announced that its revenue from operations climbed 182 yearon-year to 1904 crore in FY23, while loss before tax fell to ₹886 crore from 15,594 crore during the period.
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BharatPe, in a release, said its financial performance for the fiscal year 2023, showcased substantial growth and strategic advancements across key business segments.
The company asserted that its strategic focus going forward is on sustained profitability, scaling lending, and launching new merchant-centric products.
"The fintech firm recorded 182% increase in revenue from operations in FY23, from ₹321 crore in FY22 to 1904 crore in FY23," the release said.
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