PB Fintech, the parent company of Policybazaar.com and Paisabazaar, reported a strong financial performance in the third quarter of the ongoing fiscal year (FY25), with a 48.3% year-on-year (YoY) surge in revenue and a near doubling of profits.

The company’s revenue climbed to Rs 1,292 crore in Q3 FY25, up from Rs 871 crore in Q3 FY24, according to its unaudited consolidated financial results filed with the National Stock Exchange (NSE).

Key Financial Highlights
Insurance broking: The company’s core segment, which accounts for 87.6% of total revenue, saw a 62.4% jump to Rs 1,132 crore in Q3 FY25 from Rs 697 crore in the year-ago period.
Other operating income: Revenue from marketing, advertising, consulting, and support services declined 8% YoY to Rs 160 crore.
Non-operating income: Financial income and other sources contributed Rs 100 crore, bringing the total revenue for Q3 FY25 to Rs 1,392 crore, up from Rs 965 crore in Q3 FY24.

Expenses and Profitability
Employee benefits: The largest cost component, accounting for 37% of total expenses, rose 22.4% YoY to Rs 487 crore, including Rs 51 crore in non-cash ESOP expenses.
Advertising & promotions: Marketing costs grew 34% to Rs 289 crore as the company continued its brand-building efforts.
Operational overheads: Expenses related to network, internet, legal, rent, and other administrative costs pushed total spending to Rs 1,307 crore in Q3 FY25, up from Rs 926 crore in Q3 FY24.

Profit Surge & Market Performance
PB Fintech’s net profit soared 94.6% YoY, reaching Rs 72 crore in Q3 FY25 compared to Rs 37 crore in Q3 FY24. On a unit level, the company spent Rs 1.01 to generate a rupee in revenue during the quarter.
As of January 30, PB Fintech’s stock closed at Rs 1,659.7 per share, valuing the company at Rs 76,225 crore (approximately $9 billion) in market capitalization.

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