PB Fintech shares surge on strong Q3FY25, marking fifth quarter of profit

This is the fifth consecutive quarter of net profit for the Gurugram-based online insurance marketplace. The company had reported Rs 37 crore net profit during the corresponding quarter of the previous financial year.

Shares of PB Fintech, popularly known as Policy Bazaar, gained up to 3 percent in trade on January 31 after a strong show in Q3FY25, posting a 92% YoY rise in net profit and 48% growth in revenue from operations.

PB Fintech reported a net profit of Rs 72 crore in Q3FY25, marking the fifth consecutive quarter of profitability, compared to Rs 37 crore net in the same period a year ago. Revenue from operations grew 48% to Rs 1,292 crore in the third quarter, compared to Rs 871 crore a year ago.

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The growth was largely driven by the performance of PB Fintech’s health and life insurance offerings. The total insurance premium for the company stood at Rs 6,135 crore, with new core online insurance premiums rising by 44% on year. Health and life insurance premiums too saw a 47% on-year growth.

Policy Bazar said its core health and life insurance business is performing better than expected, prompting continued investment in both operational capacity and brand awareness campaigns.

PB Fintech’s credit business under the Paisabazaar division faced challenges, with a fall of 18% in on-year growth. This was primarily due to tightening of disbursals by banks after concerns over asset quality, as well as regulatory measures to reduce exposure to unsecured lending.

PB Fintech said it is shifting focus to secured credit business, which has shown progress with Rs 2,570 crore in disbursals and Rs 24 crore in revenue for Q3FY25.

The company has also set up PB Healthcare, a wholly-owned subsidiary, as part of its expansion into healthcare services. PB Healthcare aims to acquire 6-8 hospitals in the NCR region, in collaboration with investment firms, potentially attracting private equity or other investors.