PB Fintech, the parent company of Policybazar, reported its first quarter result for FY25 on Tuesday evening.

What Happened: The company reported a net profit of ₹60 crore from an ₹11.41 crore loss in the corresponding quarter last year. In the January to March period, the company reported a net profit of ₹60.59 crore. The profit was aided by a one-time exceptional gain of ₹41.05 crore.

Revenue from operations rose 51% year-on-year to ₹1,010.5 crore —compared to ₹666 crore. Sequentially, revenue declined marginally from ₹1,090 crore in the last quarter.

The company’s total insurance premium for the quarter was ₹4,871 crore. led by growth in new health & life insurance business at 78% YoY.

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Earlier in the year, the company's CEO and chairperson, Yashish Dahiya, received a show-cause notice from the Securities and Exchange Board of India in June, regarding a Dubai investment made in 2022.

The notice concerned a $2 million (₹16.7 crore) investment in a Dubai-based marketing company, YKNP Marketing Management, through PB Fintech's subsidiary in Dubai.

But, the company said that the notice made no material impact on its financials, operations, or other activities.

Price Action: Shares of PB Fintech were down —% at ₹— On Tuesday

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