Context:
Fintech firm BharatPe is targeting an initial public offering (IPO) in the next 18 to 24 months with the company expecting profitability at an earnings before interest, taxes, depreciation and ammotisation level for FY25, chief executive officer (CEO) Nalin Negi said.
EBITDA
EBITDA or Earnings Before Interest, Taxes, Depreciation, and Amortization, is a financial metric. Companies use it extensively to compute their business’ performance in terms of finances. Furthermore, it offers a distinct idea to the investors and lenders about the profitability and of a company.
