PB Fintech Q1 Results: Cons PAT surges 41% YoY to Rs 85 crore, revenue jumps 33%
which operates fintech platforms
Policybazaar
and
Paisabazaar
on Thursday reported a 41% year-on-year growth in its Q1 net profit of Rs 85 crore versus Rs 60 crore reported in the year ago period. The profit is attributable to the owners of the company.
The company's consolidated operating revenue grew at 33% to Rs 1,348 crore for the quarter versus Rs 1,010 crore in the corresponding quarter of the previous financial year.
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Insurance Premium annualised at Rs 26,463 crore insurance showed core Online Insurance Premium growth of 35%. The New Protection (Health + Term insurance) Premium was up 46%.
The company's renewal/trail revenue on a 12-month rolling basis stood at Rs 725 crore, up from Rs 506 crore last year same quarter, a 43% growth.
For insurance, the quarterly renewal revenue stood at an ARR of Rs 673 crore i.e. 47% growth YoY. This is a key driver of long-term profit growth, the company said in its filing to the exchanges.
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Steady growth continues for core New Insurance Premium (net of Savings business) at 42% YoY for the quarter. This has ranged around +-5% of 40% for the last 9 quarters. While the health business continues to grow strongly, savings in new business is slightly lower than last year's same quarter performance (about 5%).
The company continues to improve its customer onboarding and claims support services and insurance CSAT is consistent at 90%, the filing said.
The credit revenue for the quarter is Rs 102 crore and disbursal is Rs 2,095 crore for the core online business.
In its New Initiatives, revenue growth of about 50% YoY was reported with adjusted EBITDA margin moving from -12% to -6%, with 5% contribution.
"PB Partners, our agent aggregator platform, continues to lead the market in scale & efficiency of operations with over 350k advisors," the company said.
Since its public listing in November 2021, the revenue has grown at a CAGR of 54% from Rs 238 crore in Q1FY22 to Rs 1,348 crore in Q1FY26. The PAT margin grew from -47% in Q1FY22 to 6% in Q1 FY26.
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