PB Fintech Ltd's Q3FY25 Quarter Results
- 31 Jan 2025
Result Summary
- PB Fintech Ltd reported a 9.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 44.3%.
- Its expenses for the quarter were up by 7.7% QoQ and 41.1% YoY.
- The net profit increased 40.3% QoQ and increased 92.2% YoY.
- The earnings per share (EPS) of PB Fintech Ltd stood at 1.6 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1392.00 | 1273.23 | 964.50 | 9.3% | 44.3% |
Total Expenses | 1306.82 | 1213.39 | 925.91 | 7.7% | 41.1% |
Profit Before Tax | 85.18 | 59.84 | 38.59 | 42.3% | 120.7% |
Tax | 13.58 | 9.27 | 0.00 | 46.5% | - |
Profit After Tax | 71.54 | 50.98 | 37.23 | 40.3% | 92.2% |
Earnings Per Share | 1.60 | 1.10 | 0.80 | 45.5% | 100.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
PB Fintech Ltd is a prominent player in the financial technology industry, primarily known for its online platforms that offer insurance and loan products. The company operates through its well-known brands, Policybazaar and Paisabazaar, which cater to a diverse customer base with a range of insurance and financial service offerings. Policybazaar is renowned for providing a comprehensive comparison of insurance policies, enabling users to make informed decisions. Paisabazaar, on the other hand, facilitates easy access to loans and credit cards by partnering with various financial institutions. Recent developments within PB Fintech Ltd have not been detailed in the available data, and thus, any major strategic changes or initiatives are not documented here.
Revenue
In Q3FY25, PB Fintech Ltd reported a total income of ₹1392.00 crores, marking a substantial increase from the previous quarter's ₹1273.23 crores and the same quarter last year's ₹964.50 crores. The quarter-over-quarter (QoQ) growth in total income was 9.3%, indicating a consistent upward trajectory in revenue generation. Year-over-year (YoY), the total income witnessed a robust growth of 44.3%, showcasing significant expansion over the past year. This uptrend in revenue reflects the company's ability to enhance its market presence and capture a larger share of the financial services sector.
Profitability
PB Fintech Ltd's profitability metrics for Q3FY25 demonstrate notable improvements. The profit before tax (PBT) stood at ₹85.18 crores, which is a marked increase from ₹59.84 crores in Q2FY25 and ₹38.59 crores in Q3FY24. The QoQ growth in PBT was 42.3%, while the YoY growth was an impressive 120.7%. After accounting for taxes, the profit after tax (PAT) amounted to ₹71.54 crores, higher than the previous quarter's ₹50.98 crores and the same quarter last year's ₹37.23 crores. This resulted in a QoQ PAT growth of 40.3% and YoY growth of 92.2%. The earnings per share (EPS) increased to ₹1.60, reflecting a 45.5% QoQ rise and a 100.0% YoY increase, indicating improved shareholder value during this period.
Operating Metrics
The total expenses for PB Fintech Ltd in Q3FY25 were recorded at ₹1306.82 crores, up from ₹1213.39 crores in Q2FY25 and ₹925.91 crores in Q3FY24. This indicates a QoQ rise of 7.7% and a YoY increase of 41.1% in operating expenses. Despite the rise in expenses, the company managed to maintain a positive trajectory in profitability, as evidenced by the significant increases in both PBT and PAT. The tax for the quarter was ₹13.58 crores, compared to ₹9.27 crores in the previous quarter, with no tax recorded in Q3FY24, highlighting changes in the tax liability or accounting practices over the year.
