PB Fintech Q1: Net Profit At INR 60 Cr, Revenue Jumps 52% YoY

PB Fintech Q1: Net Profit At INR 60 Cr, Revenue Jumps 52% YoY

SUMMARY

The healthy growth in profits came largely on the back of robust growth across business segments

Insurtech vertical Policybazaar’s total insurance premium for Q1 FY25 stood at INR 4,871 Cr, up 62% YoY jump

Paisabazaar extended loans worth INR 3,100 Cr and issued 1.3 Lakh cards during the quarter under review

Insurtech major Policybazaar’s parent PB Fintech reported a consolidated net profit of INR 59.98 Cr in the June quarter (Q1) of the financial year 2024-25 (FY25) as against a loss of INR 11.9 Cr in the year-ago quarter.

The turnaround came largely on the back of robust growth across business segments.

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