Pb fintech reports 448 percent rise in fy25 net profit to rs 353 crore driven by strong insurance growth

Mumbai: PB Fintech, the parent of Policybazaar and Paisabazaar, posted a 448% jump in net profit to Rs 353cr for FY25, up from Rs 64cr a year earlier. The profit margin expanded from 2% to 7% during the period.

Operating revenue for the year rose 45% to Rs 4,977cr, driven by strong growth in the company’s core online insurance business. Total insurance premium reached Rs 23,486cr in FY25, with new online insurance premium growing 45% and new health and life insurance premium up 48%.

Renewal and trail revenue, a key driver of profitability, stood at an annualised run rate of Rs 817cr, up 42% over the previous year. For the March quarter, total insurance premium rose 37% to Rs 7,030cr, while consolidated operating revenue was up 38% to Rs 1,508cr.

While core insurance revenue increased 46% year-on-year, core credit revenue declined 21%. Disbursals in the core online credit segment stood at Rs 2,368cr, generating Rs 115cr in revenue. The company said health insurance continues to drive growth, even as the savings insurance business slowed due to market conditions.

Customer experience metrics remained strong, with insurance CSAT holding above 90%. New initiatives, which contributed 4% of revenue, saw a 50% growth in topline and an improvement in adjusted EBITDA margin from -10% to -6%.

PB Partners, the firm’s agent aggregator platform now has three lakh advisors. The business is now more diversified and present in 19,000 pin codes, covering 99% of the country.

The company’s UAE insurance business grew 76% year-on-year, with a greater tilt towards health and life products, in line with the India portfolio.

PB Fintech ended the year with a closing cash balance of Rs 5,406cr. Since its listing in November 2021, the company’s revenue grew at a CAGR of 52%, from Rs 1,425cr in FY22 to Rs 4,977cr in FY25. PAT margin improved from -58% in FY22 to 7% in FY25.


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