PolicyBazaar's parent PB Fintech profit jumps 184% to Rs 171 crore in Q4FY25; revenue at Rs 1,508 crore

PB Fintech, the parent company of online insurance aggregator PolicyBazaar and credit platform PaisaBazaar, reported a strong set of earnings for the quarter ended March 2025, driven by robust growth in its insurance and lending businesses.

The company posted a 38% rise in operating revenue and nearly a threefold increase in net profit for Q4 FY25, signalling solid momentum across verticals.

The Gurugram-based fintech reported revenue from operations at Rs 1,508 crore in the March quarter, up from Rs 1,089 crore in Q4 FY24. Of this, a lion's share — Rs 1,322 crore or 87% — came from its core insurance brokerage services. The year-on-year revenue growth was matched by a 184% jump in net profit to Rs 171 crore from Rs 60 crore in the same quarter last year.

The company's overall topline, including interest income and gains from financial assets, touched Rs 1,609 crore for the quarter. On an annual basis, FY25 revenue from operations stood at Rs 4,977 crore, a 44.8% increase from Rs 3,437 crore in FY24. Including non-operating income, total revenue crossed Rs 5,385 crore.

Spending up, but margins hold

Despite the topline growth, PB Fintech continued to increase investments across its verticals. Total expenses rose 29% year-on-year to Rs 1,437 crore in the March quarter, up from Rs 1,114 crore, with employee benefit costs alone increasing 15% to Rs 508 crore. For the full fiscal year, total expenses were Rs 5,039 crore, compared to Rs 3,739 crore the previous year.

Yet, the company's margin improvement was visible in its net profit figures. PB Fintech's profit after tax for FY25 surged 448% to Rs 353 crore, up from Rs 64 crore in FY24.

Premium collection soars; new initiatives scale

A significant contributor to the quarterly performance was the jump in insurance premium collections. PolicyBazaar collected Rs 7,030 crore in premiums in Q4 FY25, up sharply from Rs 2,176 crore in the same period a year earlier. For the full year, gross premiums processed stood at Rs 23,486 crore.

The company's newer insurance ventures, including its on-ground agent network, corporate health cover vertical, and international operations, generated Rs 631 crore in revenue, albeit with a negative EBITDA of Rs 40 crore — signalling a growth-first strategy that's gradually gaining traction.

On the credit side, PaisaBazaar saw a notable shift toward secured products like home loans and loans against property. Overall credit disbursals in Q4 FY25 nearly doubled to Rs 7,652 crore from Rs 3,546 crore in Q4 FY24. The company also processes around five lakh credit card issuances annually.

Earlier this month, PB Health, a newly launched venture by insurance aggregator PB Fintech, raised $218 million (or around Rs 1,850 crore) in a seed funding round led by global investment firm General Catalyst.