PB Fintech Founders Divest Shares Valued at ₹920 Crore; HDFC Life and ICICI Prudential Among Purchasers

On Thursday (June 26), the founders of PB Fintech Ltd, the parent entity of Policybazaar and Paisabazaar, divested a collective stake valued at ₹919.8 crore via open market transactions.

Co-founder and Executive Vice Chairman Alok Bansal sold 16.5 lakh shares at an average price of ₹1,821.50 each, totaling ₹300.5 crore. Yashish Dahiya, co-founder, Chairman, and Group CEO, sold 34 lakh shares for ₹619.31 crore.

For the fourth quarter ending March 31, 2025, PB Fintech reported a remarkable 184.1% year-on-year (YoY) increase in net profit, reaching ₹171 crore, compared to a net profit of ₹60.2 crore in the same quarter of the prior fiscal year. Revenue from operations grew by 38.4% to ₹1,507.9 crore, up from ₹1,089.6 crore in the corresponding period of the previous fiscal year.

The company’s EBITDA saw a staggering increase of 1,955%, hitting ₹113 crore in the fourth quarter of this fiscal compared to ₹5.5 crore in the same quarter last year. The EBITDA margin was recorded at 7.5% for the reporting quarter, in contrast to 0.5% in the corresponding period of the previous fiscal.

PB Fintech reported total insurance premiums of ₹23,486 crore, with new core online insurance premiums growing by 45% and new health and life insurance premiums increasing by 48%. For the quarter, total insurance premiums amounted to ₹7,030 crore, up 37% YoY, primarily driven by growth in new health insurance.

PB Fintech Ltd’s shares closed at ₹1,834.70, down ₹5.05, or 0.27%, on the BSE.