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Time of India
5 hours ago
- Business
- Time of India
PB Fintech profit jumps 4.5X on health cover, secured loans
BENGALURU: Bengaluru: PB Fintech, the parent of Policybazaar and Paisabazaar, posted a nearly fivefold jump in consolidated profit after tax to Rs 85 crore for the June quarter from Rs 19 crore a year earlier, driven by strong growth in health insurance premiums and secured lending. Revenue rose 33% to Rs 1,348 crore. Total insurance premium climbed 36% to Rs 6,616 crore, led by a 65% surge in new health insurance. Renewal revenue, a key profit driver, grew 43% year-on-year to Rs 725 crore. 'Our health and protection segments remain the primary growth drivers, and renewal income continues to scale consistently,' the company said in its earnings release. While unsecured lending on Paisabazaar fell 33%, secured loans helped lift overall lending disbursals by 123% to Rs 7,003 crore. PB Fintech also approved unsecured loans of up to Rs 300 crore to Policybazaar and Rs 100 crore to Paisabazaar for business expansion. The company added that 70% of credit disbursals came from repeat customers and highlighted its focus on deepening its financial wellness platform by expanding into fixed deposits and bonds. Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
Time of India
5 hours ago
- Business
- Time of India
PB Fintech Q1 Results: Cons PAT surges 41% YoY to Rs 85 crore, revenue jumps 33%
PB Fintech which operates fintech platforms Policybazaar and Paisabazaar on Thursday reported a 41% year-on-year growth in its Q1 net profit of Rs 85 crore versus Rs 60 crore reported in the year ago period. The profit is attributable to the owners of the company. The company's consolidated operating revenue grew at 33% to Rs 1,348 crore for the quarter versus Rs 1,010 crore in the corresponding quarter of the previous financial year. Explore courses from Top Institutes in Please select course: Select a Course Category others Finance Data Science MBA Management Artificial Intelligence Degree Healthcare Digital Marketing Design Thinking PGDM CXO Data Analytics Project Management MCA Data Science Leadership Others Product Management healthcare Public Policy Operations Management Technology Cybersecurity Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Moose Approaches Girl At Bus Stop In Permskiy Kray - Watch What Happens Happy in Shape Undo Insurance Premium annualised at Rs 26,463 crore insurance showed core Online Insurance Premium growth of 35%. The New Protection (Health + Term insurance) Premium was up 46%. The company's renewal/trail revenue on a 12-month rolling basis stood at Rs 725 crore, up from Rs 506 crore last year same quarter, a 43% growth. For insurance, the quarterly renewal revenue stood at an ARR of Rs 673 crore i.e. 47% growth YoY. This is a key driver of long-term profit growth, the company said in its filing to the exchanges. Live Events Steady growth continues for core New Insurance Premium (net of Savings business) at 42% YoY for the quarter. This has ranged around +-5% of 40% for the last 9 quarters. While the health business continues to grow strongly, savings in new business is slightly lower than last year's same quarter performance (about 5%). The company continues to improve its customer onboarding and claims support services and insurance CSAT is consistent at 90%, the filing said. The credit revenue for the quarter is Rs 102 crore and disbursal is Rs 2,095 crore for the core online business. In its New Initiatives, revenue growth of about 50% YoY was reported with adjusted EBITDA margin moving from -12% to -6%, with 5% contribution. "PB Partners, our agent aggregator platform, continues to lead the market in scale & efficiency of operations with over 350k advisors," the company said. Since its public listing in November 2021, the revenue has grown at a CAGR of 54% from Rs 238 crore in Q1FY22 to Rs 1,348 crore in Q1FY26. The PAT margin grew from -47% in Q1FY22 to 6% in Q1 FY26.
Yahoo
6 hours ago
- Business
- Yahoo
India's PB Fintech posts rise in quarterly profit on health insurance boom
(Reuters) -India's PB Fintech reported a 40% rise in first-quarter profit on Thursday, as more consumers turned to digital platforms for insurance products. Analysts said PB Fintech benefited from increasing demand in India's largely untapped insurance market. Through its Policybazaar platform that helps users select insurance coverage and Paisabazaar, which matches borrowers with lenders, the company is cashing in on India's digital finance boom. The company posted a consolidated net profit of 845.9 million rupees ($9.7 million) for the three months ended June 30, up from 601.8 million rupees a year earlier. PB Fintech's revenue from operations rose 33% to 13.48 billion rupees in the quarter, led by a 40% jump in insurance broking, its largest segment. The company's insurance premium grew 36%, led by a 65% rise in new health insurance policies. ($1 = 87.5130 Indian rupees)
Reuters
6 hours ago
- Business
- Reuters
India's PB Fintech posts rise in quarterly profit on health insurance boom
July 31 (Reuters) - India's PB Fintech ( opens new tab reported a 40% rise in first-quarter profit on Thursday, as more consumers turned to digital platforms for insurance products. Analysts said PB Fintech benefited from increasing demand in India's largely untapped insurance market. Through its Policybazaar platform that helps users select insurance coverage and Paisabazaar, which matches borrowers with lenders, the company is cashing in on India's digital finance boom. The company posted a consolidated net profit of 845.9 million rupees ($9.7 million) for the three months ended June 30, up from 601.8 million rupees a year earlier. PB Fintech's revenue from operations rose 33% to 13.48 billion rupees in the quarter, led by a 40% jump in insurance broking, its largest segment. The company's insurance premium grew 36%, led by a 65% rise in new health insurance policies. ($1 = 87.5130 Indian rupees)
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Business Standard
18 hours ago
- Business
- Business Standard
Q1 results today: HUL, Swiggy, Vedanta, Adani Enterprises on July 31
Hindustan Unilever, Swiggy, Adani Enterprises, Vedanta, PB Fintech, Maruti Suzuki India, Dabur India, Ambuja Cements, JSW Energy, and TVS Motor Company are scheduled to announce their earnings report for the first quarter (Q1) of the financial year 2025-26 (FY26) on Thursday. A host of other companies, Coal India, Dr. Lal PathLabs, Mackinnon Mackenzie & Company, Icra, Gillette India, JSW Holdings, Mankind Pharma, Sun Pharmaceutical Industries, Titan Intech, TVS Motor Company, are expected to declare their Q1 results today. HUL Q1 preview: Revenue expected to rise, profit likely to stay muted Hindustan Unilever (HUL), the maker of popular brands such as Horlicks, Dove, and Lifebuoy, is set to announce its April–June 2025 (Q1FY26) earnings today. Analysts expect the company's performance in the quarter to be weighed down by an unfavourable product mix, rising input costs, and muted seasonal demand, which may have softened overall growth. Revenue for the quarter is projected to grow 4.8 per cent year-on-year to ₹16,081 crore, up from ₹15,339 crore. Compared to the previous quarter, revenue is expected to rise 6 per cent, supported by healthy underlying volume growth (UVG). PB Fintech Q1 preview: Profit likely to surge, revenue expected to dip PB Fintech, the parent company of Policybazaar, is scheduled to announce its April–June 2025 (Q1FY26) results on Thursday. Analysts polled by Business Standard expect the company's net profit to soar 431.6 per cent year-on-year to ₹101 crore, compared to ₹19 crore in the same quarter last year. Revenue for the quarter is estimated to grow 35 per cent year-on-year to ₹1,364 crore, up from ₹1,010.5 crore. On a quarter-on-quarter basis, however, it is likely to dip 9.6 per cent from ₹1,507.9 crore. Closing highlights from July 30 Indian equities edged higher on Wednesday, led by Q1 earnings-driven gains in select index heavyweights. L&T, NTPC and Asian Paints were among the top performers on the Sensex after posting their April–June 2025 (Q1FY26) results. The BSE Sensex ended 143.9 points, or 0.18 per cent, higher at 81,481.86, while the NSE Nifty50 settled at 24,855.05, up 34 points or 0.14 per cent. Broader markets underperformed, with the Nifty MidCap index slipping 0.07 per cent and the Nifty SmallCap index declining 0.52 per cent. Among sectoral indices, Nifty IT rose 0.31 per cent, Nifty FMCG 0.24 per cent, and Nifty Pharma closed marginally higher. On the downside, Nifty Realty dropped 0.96 per cent and Nifty Auto fell 0.6 per cent. Market overview for July 31 Domestic equities are set for a volatile start after the US imposed a steeper-than-expected 25 per cent tariff on Indian goods, effective Friday. Most Asian stock markets declined ahead of the tariff deadline, with Hong Kong's Hang Seng and China's CSI 300 leading the losses. List of firms releasing Q1 FY26 results on July 31 1. 3i Infotech Ltd 2. Aarcon Facilities Ltd 3. Aarti Industries Ltd 4. Accelya Solutions India Ltd 5. Adani Enterprises Ltd 6. Ambuja Cements Ltd 7. Anik Industries Ltd 8. APM Industries Ltd 9. Aptus Value Housing Finance India Ltd 10. Arihants Securities Ltd 11. Asit C Mehta Financial Services Ltd 12. Avonmore Capital & Management Services Ltd 13. Banaras Beads Ltd 14. Barbeque-Nation Hospitality Ltd 15. Binny Mills Ltd 16. Bluspring Enterprises Ltd 17. Chalet Hotels Ltd 18. Chambal Fertilisers & Chemicals Ltd 19. Chemfab Alkalis Ltd 20. Chartered Logistics Ltd 21. Cholamandalam Investment and Finance Company Ltd 22. Coal India Ltd 23. Colinz Laboratories Ltd 24. Conart Engineers Ltd 25. Cords Cable Industries Ltd 26. COSYN Ltd 27. Cressanda Railway Solutions Ltd 28. City Union Bank Ltd 29. Dabur India Ltd 30. DCB Bank Ltd 31. Duroply Industries Ltd 32. East India Drums and Barrels Manufacturing Ltd 33. Eicher Motors Ltd 34. Emami Ltd-$ 35. Eros International Media Ltd 36. Gamco Ltd 37. GEE Ltd 38. Great Eastern Shipping Company Ltd 39. GHCL Ltd 40. Gillette India Ltd 41. Gothi Plascon India Ltd 42. Hindustan Bio Sciences Ltd 43. Hindustan Unilever Ltd 44. ICRA Ltd 45. IIRM Holdings India Ltd 46. Inventurus Knowledge Solutions Ltd 47. Indegene Ltd 48. India Radiators Ltd 49. International Combustion India Ltd 50. IRM Energy Ltd 51. Ishwarshakti Holdings & Traders Ltd 52. India Steel Works Ltd 53. IVP Ltd 54. Jai Mata Glass Ltd 55. Jyotirgamya Enterprises Ltd 56. Jhaveri Credits & Capital Ltd 57. JK Agri Genetics Ltd 58. JSW Energy Ltd 59. JSW Holdings Ltd 60. Jubilant Ingrevia Ltd 61. Jumbo Bag Ltd 62. Kamat Hotels (India) Ltd 63. Kanco Tea & Industries Ltd 64. KRN Heat Exchanger And Refrigeration Ltd 65. Krystal Integrated Services Ltd 66. Kalyani Steels Ltd 67. K S Oils Ltd-$ 68. Lakshmi Electrical Control Systems Ltd 69. Dr. Lal PathLabs Ltd 70. LG Balakrishnan & Bros Ltd 71. Mackinnon Mackenzie & Company Ltd 72. Mankind Pharma Ltd 73. Maruti Suzuki India Ltd 74. Meera Industries Ltd 75. Mangalam Global Enterprise Ltd 76. Mid East Portfolio Management Ltd 77. One Mobikwik Systems Ltd 78. Credo Brands Marketing Ltd 79. Mukta Agriculture Ltd 80. Mystic Electronics Ltd 81. Nahar Capital and Financial Services Ltd 82. Nahar Polyfilms Ltd 83. Nahar Spinning Mills Ltd 84. Nelcast Ltd 85. Netweb Technologies India Ltd 86. Neuland Laboratories Ltd 87. Nexome Capital Markets Ltd 88. Niva Bupa Health Insurance Company Ltd 89. Nucleus Software Exports Ltd 90. Omega Interactive Technologies Ltd 91. Oriental Trimex Ltd 92. Padam Cotton Yarns Ltd 93. Panama Petrochem Ltd 94. Panyam Cements & Mineral Industries Ltd 95. Paushak Ltd 96. PDS Ltd 97. The Phosphate Company Ltd 98. PB Fintech Ltd 99. Prerna Infrabuild Ltd 100. Pricol Ltd 101. Radico Khaitan Ltd 102. Restaurant Brands Asia Ltd 103. Royal Orchid Hotels Ltd 104. R R Kabel Ltd 105. Sanofi India Ltd 106. Saregama India Ltd 107. Silver Touch Technologies Ltd 108. Skipper Ltd 109. Smiths & Founders (India) Ltd 110. Steelcast Ltd 111. Stellant Securities (India) Ltd 112. South India Paper Mills Ltd 113. Sundram Fasteners Ltd 114. Sun Pharmaceutical Industries Ltd 115. Sunshield Chemicals Ltd 116. Surbhi Industries Ltd 117. Swiggy Ltd 118. Swojas Foods Ltd 119. TCPL Packaging Ltd 120. TeamLease Services Ltd 121. Teesta Agro Industries Ltd 122. Transwarranty Finance Ltd 123. Thermax Ltd 124. Timken India Ltd 125. Titan Intech Ltd 126. Transcorp International Ltd 127. Triton Corp Ltd 128. TVS Holdings Ltd 129. TVS Motor Company Ltd 130. UFO Moviez India Ltd 131. Unick Fix-A-Form And Printers Ltd 132. USG Tech Solutions Ltd 133. Vedanta Ltd 134. Walchand Peoplefirst Ltd 135. Wisec Global Ltd 136. Wonderla Holidays Ltd 137. Yuranus Infrastructure Ltd 138. Swastik Safe Deposit & Investments Ltd 139. Zuari Agro Chemicals Ltd
