BharatPe Hits High Gear: FY26 Revenue Climbs to INR 1,862 Crore as Profits Surge
BharatPe reports 11% revenue growth and a 20% rise in adjusted EBITDA profit for FY26, driven by lending and AI-led financial services.
India's leading full-stack financial services and UPI payments giant, BharatPe, has announced a strong financial performance for FY26. The company reported that its BharatPe FY26 revenue from operations grew to INR 1,862 crore, marking an 11% increase compared to the INR 1,675 crore recorded in FY25. This growth was mirrored in the company's profitability, with adjusted EBITDA profit rising by 20% year-on-year to reach INR 146 crore.
The company's total income for the fiscal year stood at INR 1,887 crore. This upward trajectory was fueled by an expansion in gross margins and significant growth across its financial services and lending arms. By the end of the fiscal year, BharatPe maintained strong operating momentum, seeing a 20% year-on-year increase in transaction volumes on a March exit basis.
"FY26 reflects the progress we have made in strengthening our core business and building a more scalable financial services platform," said Nalin Negi, CEO of BharatPe. "Our focus on gross margin improvement, lending expansion and disciplined business growth has contributed to higher revenue and adjusted EBITDA profit."
Lending Business Sees Massive Scale-Up
A primary driver of BharatPe's success this year has been its aggressive expansion in the lending sector. The group's Assets Under Management (AUM) grew by 28% year-on-year, while merchant loan disbursals saw a 23% increase.
Key developments in the lending vertical include:
- BharatPe Capital: Formerly known as Trillionloans, the group's NBFC arm has diversified its offerings to include supply chain financing for retailers and distributors, alongside business loans and embedded finance.
- Strategic Partnerships: The company widened its digital distribution by partnering with players like Moneyview, SaveIn, RapiPay, and NinjaKart.
- Increased Control: BharatPe has increased its stake in BharatPe Capital to 77%.
- Credit Stability: India Ratings & Research reaffirmed the entity's IND BBB+ credit rating with a Stable Outlook.
Diversifying the Financial Ecosystem
Beyond payments and loans, BharatPe has aggressively expanded its portfolio to become a comprehensive financial hub for its users:
Credit and Payments
In a move to modernize UPI usage, the company launched BharatPe Flex in collaboration with YES BANK. This initiative introduces "Credit on UPI," allowing eligible consumers to use credit for daily transactions at various online and offline merchants. Additionally, the company scaled BharatPeX, its online Payment Aggregator platform, to enhance digital payment processing.
Investments and Insurance
The Invest BharatPe wing has evolved beyond Gold SIPs and Fixed Deposits, now offering users access to digital silver and mutual funds. On the protection front, BharatPe Money has secured an IRDAI licence to operate as an insurance corporate agent, paving the way for a robust insurance distribution business.
The AI Revolution: Powering Future Growth
BharatPe is betting big on proprietary technology and Artificial Intelligence to drive its next phase of evolution. The company is moving away from basic automation toward more complex, "agentic" systems.
- Agentic AI Suite: Rather than simple chatbots that answer questions, BharatPe is developing AI that can understand complex user requirements and actually execute tasks to help merchants manage their business operations.
- Credit Coach: To promote financial literacy, the company introduced an AI-powered credit education tool. This feature uses a digital avatar of brand ambassador Rohit Sharma to help users understand their credit profiles and practice responsible borrowing.
CEO Nalin Negi emphasized that the combination of payments, lending, and in-house AI capabilities will be the foundation for creating differentiated products and improving overall operating efficiency as the company moves forward.