Policybazaar Q4 Results: PB Fintech's profit skyrockets 185% YoY to Rs 171 crore, revenue jumps 38%
Insurance aggregator
PB Fintech
on Thursday reported a consolidated net profit growth of 185% in Q4FY25 at Rs 171 crore versus Rs 60 crore reported in the year ago period. The company's revenue from operations in the March-ended quarter stood at Rs 1,508 crore, which was up 38% over Rs 1,090 crore in the corresponding quarter of the last financial year.
In this, the core online business of Policybazaar contributed Rs 877 crore in the March 31, 2025 ended quarter versus Rs 669 crore in Q4FY24. This translates into a 31% YoY rise. The company said that revenue growth was accompanied with margin improvement across the board.
The consolidated PAT for PB Fintech grew 448% from Rs 64 Cr in FY24 to Rs 353 crore (from 2% to 7% margin) in FY25 while company's closing cash balance stood at Rs 5,406 crore at the end of the quarter.
The company reported a 37% YoY rise in its premium at Rs 7,030 crore versus Rs 5,127 crore in the year ago period led by growth in new health.
Company's core insurance revenue was up 46% YoY while its core credit revenue was down 21% YoY.
Its renewal / trail revenue stood at an ARR of Rs 817 crore, up from Rs 577 crore last year in the same quarter, which was a 42% growth. The company said that it is a key driver of long-term profit growth.
"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 & claims support services and Insurance CSAT is consistent at 90%+," a company statement said.
The credit revenue for the quarter stood at Rs 115 crore while disbursal was reported at Rs 2,368 crore for the core online business.
"We continue to strengthen our leadership in New Initiatives with revenue growth of 50% YoY with adjusted EBITDA margin moving from -10% to -6%, with 4% contribution," the filing said.
For FY25, the total insurance premium stood at Rs 23,486 crore, which is a growth of 48% YoY while lending disbursal was reported at Rs 20,465 crore, a growth of 38% YoY.
Its core online Insurance New Premium grew 45% YoY and Health & Life Insurance New Premium grew 48% YoY.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
23 minutes ago
- News18
Citroën India Celebrates 4th Anniversary In India, Launches Special Offers Across Lineup
Last Updated: During this time, the existing customers can enjoy car spa service for their Citroën free of cost throughout the month. Citroën India has finally completed four years in the business in India. To mark the fourth anniversary, the company has introduced some special offers across the lineup, allowing the target audience to enjoy the benefits. As per the details shared by the brand, interested customers can enjoy the exclusive limited-period benefits in terms of attractive cash benefits, extended warranty packages, and low EMI finance schemes. Offers On Models The company also listed some of the models under the price cut segment, giving the customers an opportunity to save up to Rs 2.80 lakhs on select models. The offer has been introduced for a limited time and will remain operational till the end of June 2025 or till stocks last. During this time, the existing customers can enjoy car spa service for their Citroën free of cost throughout the month. Here's What Top Official Says About Journey Expressing views about the business in India, Kumar Priyesh, Business Head & Director – Automotive Brands, Stellantis India, said, 'Our journey in India has been driven by innovation, ambition, and a clear focus on delivering meaningful value to customers. In just four years, we've introduced a portfolio of vehicles that combine Citroën's global design language with deep local relevance." First Published: June 09, 2025, 18:31 IST
News18
23 minutes ago
- News18
Audi A4 Signature Edition Launched In India, Price Starts At Rs 57.11 Lakh
Last Updated: The company has confirmed that the Signature Edition will remain on sale for a limited period with restricted units to maintain its exclusivity. The German carmaker Audi has enhanced its product line in India by launching the A4 Signature Edition. The model has been released at the starting price of Rs 57.11 lakh (ex-showroom). Interested customers can visit the authorised dealership and pre-book the vehicle by paying a fully refundable token amount. Colour Options The company has released the model in a total of five striking exterior colour options that include Glacier White Metallic, Mythos Black Metallic, Navarra Blue Metallic, Progressive Red Metallic, and Manhattan Grey Metallic. The company has confirmed that the Signature Edition will remain on sale for a limited period with restricted units to maintain its exclusivity. As per the details shared by the brand via official release, it says the Signature Edition has been treated with distinctive styling enhancements, featuring Audi rings entry LED lamps, exclusive Audi rings decals, and dynamic wheel hub caps that create a striking visual presence. The newly launched edition combines refined aesthetics with premium detailing for customers seeking individuality and distinction in their luxury sedan. First Published: June 09, 2025, 15:01 IST
United News of India
29 minutes ago
- United News of India
LIC's Group Premium grows 14 percent for May
Kolkata, June 9 (UNI) Life Insurance Corporation of India (LIC) on Monday reported a 13.79 percent year-on-year (YoY) increase in group premium for May 2025. According to data released by the Life Insurance Council, group premiums grew 13.66% for the first two months of fiscal 2026. In May 2025, LIC collected Rs14,374.87 crore in group premiums, up from Rs12,632.26 crore in May 2024. The new business premium grew 10.27 pc from Rs 16,690.39 crore for May 2024 to Rs 18,405.04 crore for May 2025. The overall life insurance industry garnered Rs30,463.20 crore, marking a 12.68 pc rise over Rs 27,034.14 crore collected in the same month last year. In the Individual Premium category, the insurance behemoth posted a decline of 0.69 pc, collecting Rs 4,030.17 crore in May 2025 compared to Rs 4,058.13 crore in May 2024. During May 2025, total policies issued by LIC fell to 10.68 lakh from 12.51 lakh in the same period last year. While individual policies numbered 10.67 lakh for May 2025 from 12.48 lakh policies forMay 2024, group policies declined to 1,389 in May 2025 from 2,279 for May 2024. Total premium collected by the company for April-May 2025, went up to Rs 32,015.68 crore from Rs 29,074.03 crore for the same months last year. The individual premium segment showed a slight decrease to Rs 7,191.04 crore, compared to Rs 7,233.61 crore in the same period last year. The group premium segment amounted to Rs 24,824.64 crore for April-May 2025, from Rs 21,840.42 crore in the previous year. LIC issued a total of 17.94 lakh policies for April-May 2025, a drop from 21.07 lakh policies in the same period last year. Policies for the Individual category also declined to 17.91 lakh in April-May 2025, from 21.03 lakh in April-May 2024. Continuing with the trend, group policies went down to 2,558 in April-May 2025 from 3,704 policies in April-May 2024. LIC reported a robust 38 pc YoY growth in Q4FY25 consolidated net profit, reaching Rs 19,039 crore, and announced a final dividend of Rs 12 per share. While net premium income saw a slight dip, the full financial year witnessed an 18% increase in PAT to Rs 48,151 crore. A bonus of Rs 56,190.24 crore was declared to policyholders, demonstrating the company's continued commitment to delivering value. Value of New Business (VNB) rose by 4.47 percent year-on-year to Rs 10,011 crore, with VNB margin (net) expanding by 80 basis points to 17.6 percent. The share of Non-Par Annualised Premium Equivalent (APE) within the individual business grew by 937 basis points year-on-year to 27.69 percent, while Non-Par APE itself surged by 50.28 percent year-on-year to Rs 10,581 crore. UNI PC SSP
