PB Fintech, the parent company of PolicyBazaar and PaisaBazaar, reported a stellar performance in Q4 FY25, showcasing significant growth in profits and revenue. The fintech giant’s success underscores the increasing demand for digital insurance and financial services in India, cementing its position as a leader in the sector. With strong contributions from its flagship platform, PolicyBazaar, and strategic expansions in other verticals, PB Fintech continues to capitalize on the growing trust in digital finance platforms among Indian consumers and investors.
Q4 FY25 Key Highlights
In Q4 FY25, PB Fintech’s net profit nearly tripled, reaching ₹170.7 crore, a remarkable 2.8x increase from ₹60.2 crore in Q4 FY24. Revenue from operations grew by 38% year-on-year to ₹1,507.9 crore, compared to ₹1,089.6 crore in the same quarter last year. On a sequential basis, the company saw a 2.3x surge in profit from ₹71.5 crore in Q3 FY25, while revenue rose by 17% from ₹1,291.6 crore. The adjusted EBITDA stood at ₹149 crore, reflecting a 117% year-on-year increase, with the margin improving to 10% from 6%. Total revenue, including other income, amounted to ₹1,608.9 crore, while total expenses rose by 29% year-on-year and 10% quarter-on-quarter to ₹1,437.3 crore. Notably, the income tax expense dropped significantly to ₹79 lakh from ₹12.7 crore in Q4 FY24.
Full Year FY25 Performance
For the full year FY25, PB Fintech achieved a net profit of ₹353.2 crore, a 448% jump from ₹64 crore in FY24. Operating revenue for the year climbed 45% to ₹4,977.2 crore from ₹3,437.7 crore in the previous fiscal year. The profit margin improved substantially, rising from 2% to 7%. The company maintained a robust closing cash balance of ₹5,406 crore, highlighting its strong financial position.
PolicyBazaar Drives Growth
PolicyBazaar, PB Fintech’s flagship insurance marketplace, continued to be the primary growth driver. In Q4 FY25, it contributed ₹1,322.4 crore in revenue, marking a 45% year-on-year increase. The platform facilitated an insurance premium of ₹7,030 crore, up 37% from the previous year, with health insurance demand playing a significant role. PolicyBazaar now boasts 104.8 million registered users, of which 20.6 million have purchased policies since its inception. The platform maintained a customer satisfaction (CSAT) score above 90% for the quarter, reflecting its commitment to quality service.
Other Verticals and New Initiatives
PB Fintech’s other verticals, including PaisaBazaar, PB Pay, PB Partners, and DocPrime, generated ₹185.5 crore in revenue, a 6% year-on-year increase. PaisaBazaar reported a loan disbursal annual run rate (ARR) of ₹30,600 crore, supported by an average of 16 lakh monthly credit inquiries. The renewal and trail revenue ARR reached ₹817 crore, up 42% year-on-year. Strategically, the board approved a ₹20 crore investment in PB Pay, which received in-principle approval from the RBI to operate as a payment aggregator. In the UAE, PolicyBazaar’s insurance premium grew by 76% year-on-year, and a new subsidiary was established for PaisaBazaar’s expansion. Additionally, PB Fintech has invested ₹539.4 crore in PB Healthcare, holding a 40.32% stake in the venture.
Market Reaction
Following the announcement of the Q4 results, PB Fintech’s share price rose by 1.3%, closing at ₹1,777.20 on the BSE. Over the past 12 months, the stock has gained nearly 40%, despite a 15.7% decline year-to-date, reflecting investor confidence in the company’s long-term growth potential.