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PB Fintech, the parent of Policybazaar delivered a standout quarter, powered by booming insurance demand and tighter cost control. The stock gained more than 6% following the results.
By the numbers: consolidated revenue jumped 38% YoY to ₹1,613.5 crore.
- Profit after tax surged 164% YoY to ₹134.9 crore, up from ₹51 crore last year.
- Total insurance premium rose 40% YoY, led by a 60% surge in health insurance and a 44% jump in term coverage.
- Margins expanded from 5% to 10%.
What drove the results: the strong show was driven by higher insurance penetration, renewal revenues, and tight cost discipline across marketing and employee spends.
The company’s lending arm also delivered with Paisabazaar’s loan disbursals soaring 102% YoY & new offerings like FDs and bonds adding to the mix.
Meanwhile, the PB Partners agent platform expanded to 3.8 lakh advisors across 19,000 pin codes, deepening its footprint in smaller towns. Overseas, its UAE business clocked 64% premium growth and stayed profitable for the third straight quarter.
