New Delhi: Fintech major BharatPe’s net loss widened to Rs 941 crore during FY23, compared with Rs 834 crore in the previous fiscal. “We excluded the loss worth 4,782 crore in FY22 which it incurred due to change in fair value of compulsory convertible preference shares,” according to an Entrackr report, citing BharatPe’s annualised financial statement shared with shareholders. BharatPe reported revenues from operations at Rs 1,029 crore for FY23, up 2 times from FY22. The company’s non-operating revenue, however, moderated 38 per cent year-on-year (YoY) to Rs 139 crore in FY23, according to the report. BharatPe turned EBITDA — earnings before interest, tax, depreciation and amortisation —
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