Insurance aggregator PB Fintech on Thursday reported a consolidated net profit growth of 185% in Q4FY25 at Rs 171 crore versus Rs 60 crore reported in the year ago period. The company's revenue from operations in the March-ended quarter stood at Rs 1,508 crore, which was up 38% over Rs 1,090 crore in the corresponding quarter of the last financial year.
In this, the core online business of Policybazaar contributed Rs 877 crore in the March 31, 2025 ended quarter versus Rs 669 crore in Q4FY24. This translates into a 31% YoY rise. The company said that revenue growth was accompanied with margin improvement across the board.
The consolidated PAT for PB Fintech grew 448% from Rs 64 Cr in FY24 to Rs 353 crore (from 2% to 7% margin) in FY25 while company's closing cash balance stood at Rs 5,406 crore at the end of the quarter.
The company reported a 37% YoY rise in its premium at Rs 7,030 crore versus Rs 5,127 crore in the year ago period led by growth in new health.
Company's core insurance revenue was up 46% YoY while its core credit revenue was down 21% YoY.
Its renewal / trail revenue stood at an ARR of Rs 817 crore, up from Rs 577 crore last year in the same quarter, which was a 42% growth. The company said that it is a key driver of long-term profit growth.
"Steady growth continues for Core New Insurance Premium (net of Savings business) at 38% YoY for the quarter. This has ranged around +-5% of 40% for the last 8 quarters. While the health business continues to grow strongly, we have seen a slowdown in our savings business amidst broader market conditions. We continue to improve our customer onboarding & claims support services and Insurance CSAT is consistent at 90%+," a company statement said.
The credit revenue for the quarter stood at Rs 115 crore while disbursal was reported at Rs 2,368 crore for the core online business.
"We continue to strengthen our leadership in New Initiatives with revenue growth of 50% YoY with adjusted EBITDA margin moving from -10% to -6%, with 4% contribution," the filing said.
For FY25, the total insurance premium stood at Rs 23,486 crore, which is a growth of 48% YoY while lending disbursal was reported at Rs 20,465 crore, a growth of 38% YoY.
Its core online Insurance New Premium grew 45% YoY and Health & Life Insurance New Premium grew 48% YoY.
In this, the core online business of Policybazaar contributed Rs 877 crore in the March 31, 2025 ended quarter versus Rs 669 crore in Q4FY24. This translates into a 31% YoY rise. The company said that revenue growth was accompanied with margin improvement across the board.
The consolidated PAT for PB Fintech grew 448% from Rs 64 Cr in FY24 to Rs 353 crore (from 2% to 7% margin) in FY25 while company's closing cash balance stood at Rs 5,406 crore at the end of the quarter.
The company reported a 37% YoY rise in its premium at Rs 7,030 crore versus Rs 5,127 crore in the year ago period led by growth in new health.
Company's core insurance revenue was up 46% YoY while its core credit revenue was down 21% YoY.
Its renewal / trail revenue stood at an ARR of Rs 817 crore, up from Rs 577 crore last year in the same quarter, which was a 42% growth. The company said that it is a key driver of long-term profit growth.
"Steady growth continues for Core New Insurance Premium (net of Savings business) at 38% YoY for the quarter. This has ranged around +-5% of 40% for the last 8 quarters. While the health business continues to grow strongly, we have seen a slowdown in our savings business amidst broader market conditions. We continue to improve our customer onboarding & claims support services and Insurance CSAT is consistent at 90%+," a company statement said.
The credit revenue for the quarter stood at Rs 115 crore while disbursal was reported at Rs 2,368 crore for the core online business.
"We continue to strengthen our leadership in New Initiatives with revenue growth of 50% YoY with adjusted EBITDA margin moving from -10% to -6%, with 4% contribution," the filing said.
For FY25, the total insurance premium stood at Rs 23,486 crore, which is a growth of 48% YoY while lending disbursal was reported at Rs 20,465 crore, a growth of 38% YoY.
Its core online Insurance New Premium grew 45% YoY and Health & Life Insurance New Premium grew 48% YoY.
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