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Policybazaar parent PB Fintech's Q2 FY25 profits soar on the back of insurance premiums

  • PB Fintech, parent of Policybazaar, reports a YoY growth of 43.81% in operational revenue and a profit of Rs 51 crore in Q2 FY25.
  • Total expenses for Q2 increased by 30.44% to Rs 1,213 crore, with employee benefit expenses rising by 20% YoY.
  • Insurance brokerage services contribute significantly to revenue, earning Rs 998 crore in Q2, marking a 58% YoY growth.
  • Credit business revenue declined 8% YoY, while the 'New Initiatives' segment showed strong performance with a revenue growth of 87% YoY.

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