PB Fintech Q4: Profit Zooms About 3X To INR 171 Cr

Fintech major PB Fintech’s consolidated profit after tax (PAT) zoomed 2.8X to INR 170.7 Cr in Q4 FY25 from INR 60.2 Cr in the year-ago quarter. On a sequential basis, the company’s profit jumped 2.3X from INR 71.5 Cr in Q3 FY25. 

The PolicyBazaar parent’s operating revenue for the quarter grew 38% to INR 1,507.9 Cr from INR 1,089.6 Cr in the year-ago quarter. This was a 17% increase from INR 1,291.6 Cr in Q3 FY25. 

The company’s adjusted EBITDA for the quarter stood at INR 149 Cr, growing 117% YoY. Meanwhile, its adjusted EBITDA margin improved to 10% from 6% in the year-ago quarter. 

Including other income of INR 101.1 Cr, the company’s total revenue for the quarter stood  at INR 1,608.9 Cr. Meanwhile, total expenses grew 29% YoY and 10% QoQ to INR 1,437.3 Cr in Q4 FY25. 

It is important to mention that the company’s income tax expense dipped significantly to INR 79 Lakh during the quarter under review as against INR 12.7 Cr in the year-ago quarter and INR 13.6 Cr in the preceding March quarter. 

For the full fiscal year, the company’s net profit skyrocketed 448% YoY to INR 353.2 Cr. Its top line also jumped 45% to INR 4,977.2 Cr from INR 3,437.7 Cr in FY24.

Breaking Down PB Fintech’s Performance In Q4

Insurance marketplace PolicyBazaar contributed INR 1,322.4 Cr to the company’s total revenue, registering a 45% YoY growth. Other verticals, including PaisaBazaar, PB Pay, PB Partners, DocPrime, among others, raked in INR 185.5 Cr, growing at 6% YoY. 

For PolicyBazaar, the company registered a 37% YoY increase in insurance premium to INR 7,030 Cr. “Our consistent efforts to improve customer service and claims support are paying off with multiple heartening customer messages and continues to be reflected by a CSAT (customer satisfaction score) of 90%+ for Q4 FY25,” the company said. 

The insurance marketplace had a registered consumer base of 104.8 Mn at the end of the quarter, of which only 20.6 Mn have bought policies using the platform since inception. 

Meanwhile, PB Fintech’s credit marketplace Paisabazaar recorded a loan disbursal ARR of INR 30.6K Cr at the end of FY25. Its average monthly inquiries for credit products stood at 16 Lakh in the quarter. 

PB Fintech also made a few announcements regarding its new businesses:

— Its board approved an investment of INR 20 Cr in its online payment aggregator (PA) arm PB Pay. The company received the RBI’s in-principle authorisation to operate as a PA last month. 

— The board approved incorporation of a step-down subsidiary in the UAE for PaisaBazaar. For PolicyBazaar, the company said its UAE Insurance premium grew 76% YoY during the quarter under review.

— Days after announcing PB Healthcare’s $218 Mn seed funding round, PB Fintech said it has invested INR 539.4 Cr (about $63 Mn) in it so far. The company’s stake in the healthcare venture stands at 40.32%.

Shares of PB Fintech ended today’s trading session 1.30% higher at INR 1,777.20 on the BSE.