PB Fintech, which operates insurance marketplace Policybazaar and loan marketplace Paisabazaar, reported a 40% jump in total revenue to Rs 1,273 crore in the second quarter of FY25 as compared from Rs 909 crore reported a year ago.

The company posted a net profit of Rs 51 crore in the September quarter compared to a net loss of Rs 21 crore last year. However, PB Fintech saw the profit quarter-on-quarter (QoQ) decline as the net profit recorded in the June quarter was Rs 60 crore.

The Gurugram-based company saw its overall expenses in the September quarter increase 30.4% to Rs 1,213 crore from Rs 930 crore a year ago; with employee costs reaching Rs 507.5 crore.

Policybazaar processed Rs 5,450 crore in total insurance premiums during the quarter, from Rs 3,475 crore in same period last year.

"On the other hand, loan disbursal through the Paisabazaar platform remained flat at Rs 4,237 crore during the quarter, compared to Rs 4,139 crore during the same period a year ago. Paisabazaar claims to have given out 1.46 lakh credit cards in the September quarter and has added 22 lakh new customers through its credit score product.

"Our total Credit Score consumer base now is about 47.7million," PB Fintech said in a stock exchange filing.

With 93% market share among online aggregators, Policybazaar has issued 46.8 million insurance policies till date.