InvestorQ : How were the March quarter results of Policybazaar of FY22?
vidhya Laxmi made post

How were the March quarter results of Policybazaar of FY22?

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sarah Leo answered.
2 months ago
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PB Fintech, the holding company of marquee internet properties like Policybazaar and Paisabazaar, reported net loss of Rs220 crore for March 2022 ended fourth quarter of fiscal year FY22. This is much wider than the net loss of Rs64.38 crore in Q4FY21. Total revenues for the quarterly nearly doubled to Rs540.29 crore in the fourth quarter. Insurance premiums rose by 70% yoy in the fourth quarter at Rs2,126 crore with loan disbursal up 72% yoy at Rs2,189 crore.

It must be mentioned here that PB Fintech has seen a steady shift in business mix towards smaller towns and cities, which now account for close to 60% of total insurance business. During the quarter, PB Fintech turned EBITDA positive, which is the first step before becoming net positive on the profit front. However, the stock continues to be sharply below the issue price of Rs980 for the stock.

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