Policybazaar patent PB Fintech posts 95% jump in Q3 profits to Rs 72 crore

03 Feb 2025, 11:13 AM

Insurance broking remained majority revenue driver at Rs 1,132 crore during Q3 FY25 from Rs 697 crore in Q3 FY24.

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PB Fintech, the parent company of Policybazaar and Paisabazaar, reported Rs 1292 crore in operating revenues during the third quarter of financial year FY25, compared to Rs 871 crore reported during Q3 FY24.

As per the company’s unaudited consolidated financial results, PB Fintech posted a 94.6% jump in profits to Rs 72 crore in Q3 FY25 compared to Rs 37 crore during the same period previous year. 

Insurance broking remained majority revenue driver at Rs 1,132 crore during Q3 FY25 from Rs 697 crore in Q3 FY24. The income from other operating activities, which include marketing, advertising, consulting, and support services, was Rs 160 crore.

The company's revenue from  non-operating activities including financial income, stood at Rs 100 crore during the period -- taking the total revenue to Rs 1,392 crore in Q3 FY25, compared to Rs 965 crore in the same quarter of the previous fiscal year.

Employee benefits cost remained the largest cost center, which increased to Rs 487 crore in Q3FY25 from Rs 398 crore in Q3FY24. The company’s spending on advertising and promotional grew to Rs 289 crore. Its network, internet, legal, rent, and other overheads pushed its total expenditure to Rs 1307 crore in Q3 FY25 from Rs 926 crore in Q3 FY24.

PB Fintech's total market capitalization of Rs 76,225 crore (approximately $9 billion).