PB Fintech Q4 results: Firm back in black, PAT at ₹64 crore; revenue grows to ₹1,089.57 crore

1 week ago 7

1 min read 07 May 2024, 10:29 PM IST

The consolidated gross for the 4th reached ₹1,089.57 crore, marking a notable summation of 25.36 per cent compared to ₹869.10 crore reported successful the aforesaid play past year.

PB Fintech, the online security aggregator down Policybazaar, announced a nett net of ₹60.19 crore for the 4th ending March 31, 2024, contrasting with a nonaccomplishment of ₹9.34 crore reported successful the corresponding play of the erstwhile year.

Moreover, the consolidated gross for the 4th reached ₹1,089.57 crore, marking a notable summation of 25.36 per cent compared to ₹869.10 crore reported successful the aforesaid play past year.

In FY24, determination was a important turnaround successful the Profit After Tax (PAT), shifting from a nonaccomplishment of ₹488 crore to a nett of ₹64 crore.

PB Fintech's full security premium for the 4th amounted to ₹5,127 crore, marking an Annual Recurring Revenue (ARR) of ₹20,000 crore successful security premiums. This maturation was chiefly driven by an enlargement successful the caller wellness and beingness security segments. Additionally, successful Q4 FY24, online security caller premiums experienced a notable 47% year-on-year increase.

Unlock a satellite of Benefits! From insightful newsletters to real-time banal tracking, breaking quality and a personalized newsfeed - it's each here, conscionable a click away! Login Now!

Catch each the Corporate news and Updates connected Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.

More Less

Published: 07 May 2024, 10:29 PM IST