PolicyBazaar parent reports Rs 60 Cr Q1 net profit, revenue jumps 51.8% YoY

Quick Summary:

PolicyBazaar parent PB Fintech saw a 62% YoY growth in online insurance premiums, driven by a 78% rise in new health and life insurance.

Credit disbursals were moderated but remained positive, with Rs 3,100 crore disbursed and 1.3 lakh credit cards issued.

Expenses for Q1 FY25 also increased by 40.6% YoY to Rs 1,081.13 crore from Rs 768.47 crore in the same period last year.

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Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets: India

Topics: Company Fintech Fy24 Online Revenue Insurance Policybazaar Parent Year Crore Profit

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 14:13:41 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 494 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 18 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 21957857

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