PB Fintech Q4 profit jumps 184% to Rs 171 crore; FY25 net soars to Rs 353 crore

Policybazaar Q4

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26 Aug, 2025 12:21

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PB Fintech, the parent company of Policybazaar and Paisabazaar, posted a consolidated net profit of Rs 171 crore for the March quarter, up 184 percent from Rs 60 crore in the same period last year. Quarterly revenue rose 38 percent year-on-year to Rs 1,508 crore, driven by a 46 percent growth in insurance revenues and improved profitability across both its core and new businessoes, even as credit reveneu continued to face pressure from a slowdown in unsecured lending.

For the full year, PB Fintech reported a profit after tax of Rs 353 crore in FY25, a more than fivefold jump from Rs 64 crore in FY24. While the results included an exceptional gain of Rs 41 crore — primarily from the partial sale and fair valuation of its stake in Visit Health — the profit surge was largely driven by better operating margins, a rise in treasury income, lower ESOP expenses, reduced losses from associates, and a low effective tax rate.

The company’s adjusted EBITDA (excluding ESOP expenses) more than doubled to Rs 333 crore from Rs 144 crore a year earlier. ESOP expenses declined from Rs 330 crore to Rs 215 crore, while EBITDA (after ESOP) turned positive at Rs 94 crore from a loss of Rs 186 crore in FY24. Other income rose to Rs 408 crore, up from Rs 381 crore last year, helped by returns on the company’s large cash reserves. The share of loss from associate firms also reversed — from a Rs 202 crore drag in FY24 to a Rs 26 crore profit in FY25, contributing to the bottom line.

Further, PB Fintech’s tax expense remained low at just Rs 34 crore, thanks to deferred tax benefits and accumulated losses, allowing most of the pre-tax profit to flow through to the net.

PB Fintech’s consolidated operating revenue for FY25 stood at Rs 4,977 crore, up 45 percent year-on-year. Of this, Rs 3,073 crore came from Policybazaar and Paisabazaar, while new initiatives including PB Partners, PB UAE and PB for Business grew 79 percent to Rs 1,904 crore. Insurance premiums sourced rose 48 percent to Rs 23,486 crore, largely from the health and life segments.

Meanwhile, loan disbursals rose to Rs 20,465 crore, up 38 percent, though credit revenue slipped 14 percent due to sector-wide softness in unsecured lending.

The company ended the year with a cash balance of Rs5,406 crore.

The board also approved a Rs 20 crore capital infusion into its payments arm PB Pay and cleared the incorporation of a step-down subsidiary in Dubai under the name Paisabazaar Middle East LLC.