PB Fintech Registers Rs 37 Cr Profit, Rs 278 Cr Revenue In Q3 FY24

PB fintech has registered a profit after tax (PAT) of Rs 37 crore in the quarter ending December 2023 (Q3 FY24) from a PAT loss of Rs 87 crore. The operating revenue of the firm was Rs 593 crore in Q3 FY24, up by 39 per cent compared to the corresponding period last year. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) margin improved to 4 per cent from minus 5 per cent.

Insurance premium is at Rs 4,261 crore, an accounting rate of return (ARR) of Rs 17,000 crore and credit disbursal ARR of Rs 14,00 crore and 5.6 lakh credit cards.

“Revenue of our Core Online marketplaces, Policybazaar and Paisabazaar, grew 39 per cent to Rs 593 crore, while improving their Adjusted EBITDA by Rs 50 crpre YoY for Q3 FY24. Our Adjusted EBITDA for the last six quarters has improved by Rs 50 crore each quarter, in line with our annual guidance of incremental about Rs 200 crore adjusted EBITDA,” the company stated.