PB Fintech Q4: Profit Jumps 62% QoQ To INR 60.2 Cr

PB Fintech Q4: Profit Jumps 62% QoQ To INR 60.2 Cr

SUMMARY

PB Fintech's consolidated net profit stood at INR 60.2 Cr in Q4 FY24 as against a loss of INR 9.3 Cr in the previous year’s quarter

On a quarter-on-quarter (QoQ) basis, PB Fintech’s profit jumped almost 62% in Q4 from INR 37.2 Cr posted in Q3

PB Fintech’s operating revenue saw over a 25% rise on both QoQ and YoY basis to INR 1,089.6 Cr in Q4 FY24

PB Fintech, the parent company of insurtech platform Policybazaar, posted a consolidated net profit of INR 60.2 Cr in the March quarter (Q4) of the financial year 2023-24 (FY24) as against a loss of INR 9.3 Cr in the previous year’s quarter.

The company turned profitable in the prior quarter – Q3 FY24. On a quarter-on-quarter (QoQ) basis, PB Fintech’s profit jumped almost 62% in Q4 from INR 37.2 Cr posted in Q3, helped by sharp growth across its business segments.

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