Q3 2025 PB Fintech Ltd Earnings Call Transcript
Key Points
- PB Fintech Ltd (BOM:543390) reported a 47% year-on-year growth in new premium for its health and life insurance business, with health insurance growing nearly 60%.
- Total insurance premium for the quarter was INR 6,135 crores, marking a 44% year-on-year increase.
- The company's revenue for Q3 grew by 48% to INR 1,292 crores, with PAT increasing by 92% year-on-year to INR 72 crores.
- New initiatives showed significant growth at 87% and achieved a 3% positive contribution margin.
- PB Partners, the agent aggregator platform, expanded its adviser base from 250,000 to 270,000 in one quarter, covering 99% of the precodes in India.
- The savings business grew slower than anticipated, impacting overall growth expectations.
- The core credit business saw a decline, with a 20% year-on-year decrease and a 13% quarter-on-quarter reduction.
- The company faced a negative delta of INR 40 crores on the Paisabazaar side, affecting profitability.
- Despite revenue growth, the sequential increase in PAT was muted, partly due to the impact from Paisabazaar.
- The company had to manage additional operating capacity due to slower-than-expected growth in the savings segment.
A very warm welcome to PB Fintech Limited Earnings Call Q3 Financial Year '24/'25. Today, we have with us Mr. Yashish Dahiya, Chairman and CEO, PB Fintech; Mr. Alok Bansal, Executive Vice Chairman, PB Fintech; Mr. Sarbvir Singh, Joint Group CEO, PB Fintech; Mr. Naveen Kukreja, Co-Founder and CEO, Paisabazaar; Mr. Mandeep Mehta, Group CFO, PB Fintech; and I'm Rasleen.
I now request Yashish to make the Introductory address.
It is on? Thank you very much for your patience. I apologize for this delay. We'll try to make sure it doesn't happen again. Sorry about that.
So as we share our performance update for the quarter ended December 31, 2024, we are very pleased that our health and life insurance business, which are, as I always say, a bulk of our long-term value, witnessed a combined growth of 47% year-on-year in new premium for Q3 -- for the quarter. In this, health is just shy of 60%. And I think
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