Policybazaar and Paisabazaar parent PB Fintech has reported a 439% jump in its net profit to ₹345 crore in FY25, compared to ₹64 crore in FY24. The company’s operating revenue grew 45% year-on-year (YoY) to ₹4,977 crore.

Since its public listing in November 2021, the company states its revenue has grown at a compound annual growth rate (CAGR) of 52% from ₹1,425 crore in FY22 to ₹4,977 crore in FY25, with a PAT margin moving from -58% in FY22 to 7% in FY25 at ₹353 crore.

The company says its consolidated PAT grew from ₹64 crore to ₹353 crore (from a 2% to 7% margin) in FY25 YoY, while its closing cash balance was at ₹5,406 crore. For FY25, the company’s insurance premium stood at ₹23,486 crore, with new core online insurance premium up 45% and new health & life insurance premium up 48%.

In the fourth quarter, the company’s total insurance premium was ₹7,030 crore, up 37% YoY, led by growth in new health. Its consolidated operating revenue grew by 38% to ₹1,508 crore for the quarter, with core insurance revenue up 46% YoY and core credit revenue down 21% YoY.

Its renewal or trail revenue has an annual recurring revenue (ARR) of ₹817 crore, up from ₹577 crore in the same quarter last year, a 42% growth. This is a key driver of long-term profit growth.

“Steady growth continues for Core New Insurance Premium (net of Savings business) at 38% YoY for the quarter. This has ranged around +-5% of 40% for the last 8 quarters. While the health business continues to grow strongly, we have seen a slowdown in our savings business amidst broader market conditions,” the company said.