Online insurance aggregator PB Fintech, which operates Policybazaar, on Tuesday reported a net profit of Rs 64 crore for the quarter ended March 31, 2024, as against a loss of Rs 488 crore reported by the company in the year-ago period.The consolidated revenue for the reporting quarter stood at Rs 3,438 crore, which was a 34% YoY jump.
The company was listed in November 2021 and Q4 delivered its first profit since the listing. The company had reported a loss of Rs 5 crore in the October-December quarter though its losses have been narrowing over the last seven quarters. Meanwhile, it has increased its revenue in the last nine quarters.
