Policybazaar parent records 5.3X growth in net profit in FY25 as insurance premiums rise
PB Fintech's core insurance revenue grew 46% while core credit revenue declined 21% during the quarter.
PB Fintech, the parent company of Policybazaar and Paisabazaar, posted a 38.4% year-on-year rise in revenue from operations for the quarter ended March 2025, reaching Rs 1,507.87 crore, up from Rs 1,089.57 crore in Q4 FY24.
Profits attributable to owners of PB Fintech surged 181.6% to Rs 170.62 crore during the quarter, compared with Rs 60.59 crore a year earlier.
Expenses during the same period rose 29% to Rs 1,437.92 crore from Rs 1,114.52 crore a year ago.
For the full fiscal year, operating revenue grew 44.8% to Rs 4,977.21 crore, up from Rs 3,437.68 crore in FY24. Annual expenses increased 34.8% to Rs 5,038.63 crore from Rs 3,739.12 crore.
Net profit attributable to shareholders jumped 427% year-on-year to Rs 353.01 crore, compared with Rs 66.98 crore in the previous fiscal year.
Total insurance premiums for FY25 reached Rs 23,486 crore, a 48% increase over FY24. Core online insurance premiums rose 45% year-on-year, while new health and life insurance premiums expanded 48%. For Q4 alone, total premiums stood at Rs 7,030 crore, a 37% rise from the same period last year.
Disbursals across lending platforms reached Rs 20,465 crore for FY25, a 38% year-on-year rise. The credit segment reported quarterly revenue of Rs 115 crore with disbursals of Rs 2,368 crore.
The PB Partners platform now operates in 19,000 pin codes and has over 300,000 advisors. “We have moved the business increasingly towards smaller and higher quality advisors,” the company said. It added that 80%+ of motor and travel insurance transactions are now completed without assistance.
PB Healthcare Services, a newly launched subsidiary of PB Fintech, recently raised $218 million in seed funding to build a fixed-fee healthcare model in India. The funding round values the entity at $243 million, with PB Fintech investing $62 million for a 26% stake and General Catalyst contributing $50 million for 20.57%.
The company plans to use the proceeds to develop a 1,000-bed hospital network in the National Capital Region and invest in technology and product development. PB Healthcare, incorporated on January 1, 2025, operates independently of PB Fintech’s listed insurance and credit platforms.
(The copy as updated with more information.)
Edited by Kanishk Singh