Tech
PB Fintech reports 33% surge in Q1 revenue, net profit up 50% at Rs 82 crore
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PB Fintech, the parent entity of insurance marketplace Policybazaar and credit marketplace Paisabazaar, has reported a 33% jump in operating income at Rs 1,348 crore, compared to Rs 1,010 crore a year back.
Its net profit for the June quarter stood at Rs 82 crore, up almost 50% from Rs 55 crore a year back.
Its overall expenses stood at Rs 1,355 crore, up 25% from Rs 1,081 crore a year back. But quarter-on-quarter (QoQ), the Gurugram-based fintech has reduced its spends by majorly cutting down on advertising expenses.
The insurance premium collection,…
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