PB Fintech net profit jumps 164% to Rs 189 crore, revenue at Rs 1,771 crore

PB Fintech, which runs the insurance market Policybazaar, has reported a consolidated web earnings of Rs 189 crore in the December quarter of the most smooth financial twelve months, up 164% from Rs 71.5 crore a twelve months inspire.

The firm observed its running earnings slip up 37% to Rs 1,771 crore, in contrast to Rs 1,291.6 crore a twelve months inspire. This used to be basically attributable to bettering margins, which stood at 11% in contrast to 6% final twelve months. It furthermore grew its insurance top rate sequence at a lickety-split clip. And after a extended slowdown in its credit arm, the firm has scaled up its mortgage distribution as successfully.

The firm informed the stock exchanges on Monday that its board will meet on February 5 to approve fundraising by a qualified institutional placement (QIP). This capital will be worn for trade expansion thru strategic acquisitions or partnerships.

The Gurugram-headquartered firm observed its fees slip up to Rs 1,655.4 crore in the third quarter of FY26, in contrast to Rs 1,306.8 crore a twelve months inspire, basically pushed by employee costs and advertising spends. Worker fees shot up to Rs 606 crore in contrast to Rs 487.4 crore final twelve months, while marketing costs stood at Rs 308 crore, up 6.5% on-twelve months.

The firm observed its full top rate sequence slip up to Rs 7,965 crore, while mortgage disbursals thru Paisabazaar hit Rs 9,985 crore, up 84%. The firm talked about that it is currently disbursing loans and credit playing cards at an annual flee rate of Rs 40,000 crore, and 300,000, respectively.

The firm talked about that its core online insurance distribution trade continued to be its mainstay, with revenues of Rs 1,039 crore in the third quarter, whereas its smooth businesses generated round Rs 732 crore. Among its smooth initiatives, the firm counts its offline distributor-basically based thoroughly mostly insurance trade, world operations, and company gross sales as successfully.