PB Fintech, which runs the insurance marketplace Policybazaar, has reported a consolidated net profit of Rs 189 crore in the December quarter of the current financial year, up 164% from Rs 71.5 crore a year back.
The company saw its operating revenue go up 37% to Rs 1,771 crore, compared to Rs 1,291.6 crore a year back. This was primarily due to improving margins, which stood at 11% compared to 6% last year. It also grew its insurance premium collection at a rapid clip. And after a prolonged slowdown in its credit arm, the company has scaled up its loan distribution as well.
The company informed the stock exchanges on Monday that its board will meet on February 5 to approve fundraising via a qualified institutional placement (QIP). This capital will be used for business expansion through strategic acquisitions or partnerships.
The Gurugram-headquartered company saw its expenses go up to Rs 1,655.4 crore in the third quarter of FY26, compared to Rs 1,306.8 crore a year back, primarily driven by employee costs and advertising spends. Employee expenses shot up to Rs 606 crore compared to Rs 487.4 crore last year, while marketing costs stood at Rs 308 crore, up 6.5% on-year.
The company saw its total premium collection go up to Rs 7,965 crore, while loan disbursals through Paisabazaar hit Rs 9,985 crore, up 84%. The company said that it is currently disbursing loans and credit cards at an annual run rate of Rs 40,000 crore, and 300,000, respectively.
The company said that its core online insurance distribution business continued to be its mainstay, with revenues of Rs 1,039 crore in the third quarter, whereas its new businesses generated around Rs 732 crore. Among its new initiatives, the company counts its offline distributor-based insurance business, international operations, and corporate sales as well.
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The company informed the stock exchanges on Monday that its board will meet on February 5 to approve fundraising via a qualified institutional placement (QIP). This capital will be used for business expansion through strategic acquisitions or partnerships.
The Gurugram-headquartered company saw its expenses go up to Rs 1,655.4 crore in the third quarter of FY26, compared to Rs 1,306.8 crore a year back, primarily driven by employee costs and advertising spends. Employee expenses shot up to Rs 606 crore compared to Rs 487.4 crore last year, while marketing costs stood at Rs 308 crore, up 6.5% on-year.
The company saw its total premium collection go up to Rs 7,965 crore, while loan disbursals through Paisabazaar hit Rs 9,985 crore, up 84%. The company said that it is currently disbursing loans and credit cards at an annual run rate of Rs 40,000 crore, and 300,000, respectively.
The company said that its core online insurance distribution business continued to be its mainstay, with revenues of Rs 1,039 crore in the third quarter, whereas its new businesses generated around Rs 732 crore. Among its new initiatives, the company counts its offline distributor-based insurance business, international operations, and corporate sales as well.
