PB Fintech Q4 Profit Nearly Triples to INR 171 Cr
Fintech major PB Fintech posted a sharp 2.8X jump in consolidated profit after tax (PAT) for Q4 FY25, reaching INR 170.7 Cr, up from INR 60.2 Cr in the same quarter last year.
- This performance reflects strong operational efficiency and revenue expansion across business units.
- On a sequential basis, PAT rose 2.3X from INR 71.5 Cr in Q3 FY25, showcasing consistent quarter-on-quarter growth.
Revenue and EBITDA See Robust Growth
PB Fintech’s operating revenue for the quarter climbed 38% YoY to INR 1,507.9 Cr, up from INR 1,089.6 Cr.
- This also marked a 17% QoQ increase, with Q3 FY25 revenue standing at INR 1,291.6 Cr.
- Adjusted EBITDA surged 117% YoY to INR 149 Cr, with the margin improving to 10%, compared to 6% a year ago.
Including other income of INR 101.1 Cr, the company’s total quarterly revenue hit INR 1,608.9 Cr.
- Meanwhile, total expenses rose by 29% YoY and 10% QoQ to INR 1,437.3 Cr, suggesting better margin control despite higher spending.
Major Dip in Tax Expense Boosts Profitability
A significant drop in income tax expense contributed to the profit jump, falling to INR 79 Lakh in Q4 FY25.
- In comparison, tax was INR 12.7 Cr in Q4 FY24 and INR 13.6 Cr in Q3 FY25.
- The reduction in tax liability likely stemmed from adjusted carry-forwards or deferred tax benefits.
FY25 Performance: Strong Full-Year Gains
For the entire FY25, net profit soared 448% YoY to INR 353.2 Cr, while revenue jumped 45% YoY to INR 4,977.2 Cr.
- These figures reflect a successful scale-up of both core and emerging verticals.
- Operating leverage and improved margins contributed significantly to this strong performance.
PolicyBazaar Drives Core Revenue Growth
The insurance marketplace PolicyBazaar accounted for INR 1,322.4 Cr of total revenue in Q4, representing a 45% YoY growth.
- Other segments like PaisaBazaar, PB Pay, PB Partners, and DocPrime generated INR 185.5 Cr, up 6% YoY.
- Insurance premiums through PolicyBazaar rose 37% YoY to INR 7,030 Cr.
The platform also achieved a 90%+ CSAT (Customer Satisfaction Score), backed by improved claims and service support.
- The registered user base stood at 104.8 Mn, though only 20.6 Mn users had purchased policies to date.
PaisaBazaar and Emerging Units Gain Momentum
PaisaBazaar, PB Fintech’s credit marketplace, ended FY25 with a loan disbursal ARR of INR 30.6K Cr.
- The platform saw an average of 16 Lakh monthly credit product inquiries, indicating rising consumer trust and engagement.
The company also made strategic announcements for its newer verticals:
- PB Pay received RBI’s in-principle approval to operate as a payment aggregator, with an INR 20 Cr investment sanctioned by the board.
- A new UAE step-down subsidiary for PaisaBazaar was approved, while UAE insurance premiums through PolicyBazaar grew 76% YoY.
PB Healthcare Investment Highlights Long-Term Bet
Following PB Healthcare’s $218 Mn seed round, PB Fintech confirmed a total investment of INR 539.4 Cr (approx. $63 Mn) in the unit.
- The company now holds a 40.32% stake in the healthcare venture, underlining its commitment to expanding into digital health and wellness.
PB Fintech’s Q4 and full-year results signal a strong growth trajectory, supported by diversified revenue streams, expanding verticals, and a sharp focus on customer experience and operational efficiency.