PB Fintech, the parent company of Policybazaar and Paisabazaar, reported a net profit of ₹37 crore in Q3FY24, a significant improvement from the net loss of ₹87 crore in the same period last year. The company s revenue from operations also increased by 43% YoY to ₹871 crore in Q3.
PB Fintech Q3 results: PB Fintech, operator of policybazaar, to report Q3 results today with expected revenue growth of 34% YoY and first positive profit. Analysts predict a profit of Rs 26.9 crore. The company s Q2 revenue from operations grew at 42% YoY to Rs 812 crore. JM Financial expects strong growth in insurance premium and loan disbursals with respective revenue growth of 45% and 42%. Despite a strong quarter, analysts see room for high growth with declining losses in PoSP and increased renewals for sustained margin improvement.