News > BharatPe halves operating loss in FY 2022; total loss surges

BharatPe halves operating loss in FY 2022; total loss surges

BharatPe, the payment acceptance and financial services provider for merchants, nearly halved its operating loss to Rs 811 crore for FY 2022 compared to the loss of Rs 277 crore in the year-ago period. However, the company’s total loss stood at Rs 5,594 crore due to a change in the fair value of  CCPS amounting to Rs 4,782 crore. In FY 2021, the company recorded a change in the fair value of CCPS amounting to Rs 1,342 crore, with a total loss of Rs 2,961 crore.