PB Fintech Q1 Results | Net profit jumps 40% to ₹85 crore; insurance premium surges 36%

PB Fintech Ltd, the parent entity of Policybazaar, on Thursday (July 31) reported a 40% year-on-year (YoY) jump in net profit at ₹84.5 crore for the first quarter that ended June 30, 2025. In the corresponding quarter of the previous fiscal, PB Fintech posted a net profit of ₹60.2 crore.

The company’s revenue from operations surged 33.5% to ₹1,348 crore as against ₹1,010 crore in the corresponding period of the preceding fiscal.

PB Fintech reported a total insurance premium of ₹6,616 crore for the first quarter, marking a 36% year-on-year growth, driven primarily by a 65% increase in online new health insurance. Core insurance revenue rose 37% year-on-year, while core credit revenue declined by 22%.

Also Read: PB Fintech shares surge after Citi expects stock to retest previous record high

The company’s renewal or trial revenue on a 12-month rolling basis reached ₹725 crore, up from ₹506 crore in the same quarter last year, registering a 43% growth. For insurance, the quarterly renewal revenue is at an annualised run rate (ARR) of ₹673 crore, reflecting a 47% year-on-year increase. This renewal stream continues to be a key driver of long-term profit growth.

Core new insurance premium, net of the savings business, grew 42% year-on-year during the quarter. This growth has consistently remained within ±5% of the 40% mark for the last nine quarters. While the health insurance business continues its strong momentum, the savings from new business were about 5% lower than the same quarter last year.

Customer onboarding and claims support services continued to improve, with the Insurance Customer Satisfaction (CSAT) score remaining consistently above 90%. The company reported credit revenue of ₹102 crore for the quarter, with total disbursals at ₹2,095 crore for the core online business.

Also Read: PB Fintech Q4 Results | Net profit zooms nearly 3-fold to ₹171 crore on strong insurance growth

In its new initiatives segment, PB Fintech recorded approximately 50% year-on-year revenue growth. The adjusted EBITDA margin improved from -12% to -6%, with a 5% contribution to overall revenue.

PB Fintech’s UAE insurance business saw a 68% year-on-year premium growth and is increasingly aligning with the company’s health and life insurance focus in India. The UAE operations also offer cross-border health insurance products and a claims assurance program for motor insurance. This business has now remained consistently profitable for two consecutive quarters.

The results came after the close of the market hours. Shares of PB Fintech Ltd ended at ₹1,812.45, down by ₹9.95 or 0.55% on the BSE.

Also Read: PB Fintech’s health insurance business growing four times faster than the industry, says Group CEO

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