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PB Fintech, the company behind Policybazaar and Paisabazaar, witnessed a remarkable 48.3% growth in revenue during the third quarter of the current fiscal year (FY25). Simultaneously, the company nearly doubled its profit, highlighting a strong upward trend in earnings.
PB Fintech’s revenue reached Rs 1,292 crore in Q3 FY25, compared to Rs 871 crore in Q3 FY24, based on the company’s unaudited consolidated financial results sourced from the National Stock Exchange.
The insurance broking sector contributed 87.6% of the total revenue, climbing by 62.4% to Rs 1,132 crore in Q3 FY25 from Rs 697 crore in Q3 FY24. However, income from other operational activities like marketing, advertising, consulting, and support services decreased by 8% to Rs 160 crore during the same period.
Additionally, the firm generated Rs 100 crore from non-operating activities such as financial income, bringing its total revenue to Rs 1,392 crore in Q3 FY25, up from Rs 965 crore in the same quarter the previous year.
For PB Fintech, employee benefits remained the largest expenditure, making up 37% of the total costs. This expense rose by 22.4% year-on-year to Rs 487 crore in Q3 FY25 from Rs 398 crore in Q3 FY24, which includes Rs 51 crore as ESOP expense (non-cash).
The company’s expenditure on advertising and promotions increased by 34% to Rs 289 crore. Together with network, internet, legal, rent, and other overheads, total expenditure reached Rs 1,307 crore in Q3 FY25 from Rs 926 crore in Q3 FY24.
These notable year-on-year improvements drove a 94.6% increase in profits, reaching Rs 72 crore in Q3 FY25 from Rs 37 crore in the third quarter of the prior fiscal year. On a per-unit basis, the Gurugram-based company expended Rs 1.01 to generate a rupee of revenue in Q3 FY25.
On January 30, PB Fintech closed with a share price of Rs 1,659.7, resulting in a total market capitalisation of Rs 76,225 crore (approximately $9 billion).
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