PB Fintech shares jump 2% after Q4 PAT surges 185%

Shares of PB Fintech, the parent company of Policybazaar, jumped 1.8% to their intraday high of Rs 1,809.75 on the BSE on Friday, May 16, after the company reported a sharp 185% year-on-year (YoY) jump in its consolidated net profit for the quarter ended March 2025 ( Q4FY25).

The profit after tax (PAT) rose to Rs 171 crore in Q4FY25 from Rs 60 crore in Q4FY24.

Revenue from operations for the March quarter stood at Rs 1,508 crore, up 38% from Rs 1,090 crore in the same quarter of the previous financial year.

On a full-year basis, PB Fintech’s PAT surged 448% to Rs 353 crore in FY25 from Rs 64 crore in FY24, with profit margins expanding from 2% to 7%. The company’s closing cash balance at the end of the quarter stood at Rs 5,406 crore.

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Policybazaar’s core online business contributed Rs 877 crore in Q4FY25, marking a 31% YoY increase from Rs 669 crore in the year-ago period.

The company also reported a 37% YoY rise in premium income at Rs 7,030 crore for FY25, compared to Rs 5,127 crore in FY24, largely driven by strong growth in the new health insurance segment.

Core insurance revenue rose 46% YoY, while core credit revenue declined 21% YoY.

PB Fintech’s renewal/trail revenue reached an annualized run rate (ARR) of Rs 817 crore, a 42% increase from Rs 577 crore in the same period last year.

"Steady growth continues for Core New Insurance Premium (net of savings business) at 38% YoY for the quarter. This has ranged around ±5% of 40% for the last 8 quarters. While the health business continues to grow strongly, we have seen a slowdown in our savings business amidst broader market conditions. We continue to improve our customer onboarding and claims support services, and our insurance CSAT remains consistently above 90%," the company said in a statement.

"We continue to strengthen our leadership in New Initiatives, with revenue growth of 50% YoY and an adjusted EBITDA margin improving from -10% to -6%, contributing 4% overall," the filing added.

On Thursday, shares of PB Fintech closed 1.3% higher at Rs 1,777.20 on the BSE.

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