
PB Fintech Limited, the parent company of Policybazaar and Paisabazaar, has reported a robust financial performance for the third quarter of FY25, driven by significant growth in its insurance and credit businesses.
The company’s operating revenue surged 48% year-over-year (YoY) to ₹1,292 crore, while profit after tax (PAT) jumped 92% YoY to ₹72 crore. The online insurance segment remained the key growth driver, witnessing a 44% YoY increase in new premiums, led by strong demand for health and life insurance.
Key Financial Highlights (Q3 FY25 YoY):
- Insurance Premium: ₹6,135 crore, up 44% YoY
- New Core Online Insurance Premium: +44%
- New Health & Life Insurance Premium: +47%
- Operating Revenue: ₹1,292 crore, up 48%
- Credit Revenue: Declined 18% YoY, impacted by industry-wide slowdown
- PAT: ₹72 crore, up 92%
Core insurance revenue grew 45% YoY, driven by health insurance outpacing other segments. The renewal/trail revenue reached an annualized run rate (ARR) of ₹665 crore, marking a 46% increase from ₹454 crore in Q3 FY24.
Customer satisfaction (CSAT) for insurance services improved to 90.2%, up from 90% last quarter. Over 70% of disbursals on the Paisabazaar platform were to existing customers, highlighting strong consumer trust and repeat transactions.
The core credit business remains adjusted EBITDA positive since December 2022. The secured credit segment, launched in Q2 FY25, showed strong traction with ₹2,570 crore in disbursals and ₹24 crore in revenue this quarter. Total credit disbursal ARR now stands at ₹21,700 crore, with 5 lakh credit cards issued.
Revenue from new initiatives surged 87% YoY, with adjusted EBITDA margin improving from -13% to -7%. PB Partners, the company’s agent aggregator platform, continues to scale rapidly, with 270,000 advisors covering 99% of India’s pin codes.
The UAE insurance premium business grew 58% YoY, aligning more towards health and life insurance, mirroring growth trends in India.
PB Fintech remains confident in the sustained growth of its health and life insurance businesses, supported by continued investments in operational capacity and brand awareness campaigns. The company’s focus on long-term profitability and customer retention positions it strongly in the evolving insurance and credit landscape.
With robust revenue momentum and profitability improvements, PB Fintech is set to strengthen its market leadership in India’s rapidly expanding digital financial services sector.