PB Fintech Shares Jump Over 3% After Strong Q3 Profit

PB Fintech Shares Jump Over 3% After Strong Q3 Profit

SUMMARY

PB Fintech reported a 92% increase in its consolidated profit after tax (PAT) to INR 71.54 Cr in the third quarter of the fiscal year 2024-25 (Q3 FY25).

With the rise in its share price, the company’s market capitalisation reached INR 78,041 Cr at 10:30 AM

On a quarter-on-quarter basis, PB Fintech's net profit climbed over 40% from INR 50.98 Cr

Shares of insurtech major Policybazaar’s parent PB Fintech jumped over 3% to INR 1706.95 during the intraday session on the the BSE today (January 31) after reporting a 92% increase in its consolidated profit after tax (PAT) to INR 71.54 Cr in the third quarter of the fiscal year 2024-25 (Q3 FY25). 

With the rise in its share price, the company’s market capitalisation reached INR 78,041 Cr with over 15 Lakh shares traded hands by 10:30 AM. 

At the time of writing, the stock shed some gains and was trading 2.68% up at INR 1696.20 apiece on BSE. 

On a quarter-on-quarter basis, PB Fintech’s net profit climbed over 40% from INR 50.98 Cr. 

It is pertinent to note that this was the fifth consecutive profitable quarter for PB Fintech.

The company clocked an EBITDA profit of INR 28 Cr during the quarter under review against an EBITDA loss of INR 25 Cr in Q3 FY24.

Operating revenue zoomed 48% to INR 1,291.62 Cr in Q3 FY25 from INR 870.89 Cr in the corresponding quarter last year. Sequentially, it rose nearly 11% from INR 1,167.23 Cr.

The company primarily generates revenue from its insurance business PolicyBazaar and credit services business Paisabazaar. 

While revenue from the insurance business jumped 45% year-on-year to INR 651 Cr in Q3 FY25, revenue from the credit business declined 18% YoY to INR 119 Cr due to a slowdown in demand

Earlier this month, PB Fintech entered the healthcare segment through its new subsidiary, PB Healthcare Services Private Limited. Last year, PB Fintech chairman and group CEO Yashish Dahiya said that the company is considering making a foray into the healthcare space and would make a one-time investment of $100 Mn to acquire a 30% stake in a new healthcare company.

You have reached your limit of free stories
Become A Startup Insider With Inc42 Plus

Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in india's startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
UNLOCK 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
UNLOCK 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

PB Fintech Shares Jump Over 3% After Strong Q3 Profit-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

PB Fintech Shares Jump Over 3% After Strong Q3 Profit-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

PB Fintech Shares Jump Over 3% After Strong Q3 Profit-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

PB Fintech Shares Jump Over 3% After Strong Q3 Profit-Inc42 Media
PB Fintech Shares Jump Over 3% After Strong Q3 Profit-Inc42 Media
You’re in Good company