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PolicyBazaar’s parent to grant Rs 644 Cr worth ESOPs to employees

EntrackrEntrackr · 7d ago
PolicyBazaar’s parent to grant Rs 644 Cr worth ESOPs to employees
Medial

PolicyBazaar’s parent PB Fintech has rolled out a fresh grant of employee stock options (ESOPs) covering 35 lakh equity shares across its various ESOP schemes, according to filings accessed from the stock exchanges. This move reflects the company’s continued focus on employee retention and long-term value creation. The company’s Nomination and Remuneration Committee approved the grant of 35.11 lakh stock options to eligible employees under the ESOP 2024 plan. Considering PB Fintech’s current share price of Rs 1,835, the newly granted ESOPs carry an approximate value of Rs 644 crore or $72 million. In a significant business development, PB Pay Private Limited, a wholly owned subsidiary of the InsurTech firm, has received in-principle approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator under the Payment and Settlement Systems Act, 2007. This marks a strategic step for PB Fintech, potentially strengthening its presence in the digital payments and financial services ecosystem. Separately, PB Fintech has also secured board approval to infuse Rs 696 crore (around $80 million) into its subsidiary PB Healthcare Services Pvt Ltd. The capital infusion aims to accelerate the growth of its healthcare-focused business and enhance operations in India’s expanding health services sector. In the second quarter of the ongoing fiscal year, the parent, PB Fintech’s revenue from operations grew 20% to Rs 1,613 crore in contrast to Rs 1,348 crore in Q2 FY25. Meanwhile, the company's profit spiked by 2.6X to Rs 135 crore in Q2 FY26 from Rs 51 crore in Q2 FY25. PB Fintech’s stock is trading at Rs 1835 (as of 10:20 AM) on the NSE, giving it a total market capitalization of Rs 84,553 crore (approximately $9.5 billion).

PB Healthcare to raise Rs 1,461 Cr in seed round; no longer subsidiary of PB Fintech

EntrackrEntrackr · 7m ago
PB Healthcare to raise Rs 1,461 Cr in seed round; no longer subsidiary of PB Fintech
Medial

PB Healthcare Services, formerly a wholly-owned subsidiary of PB Fintech Limited, is raising Rs 1,461 crore (approximately $171 million) as part of the first tranche of its seed round. Of the total amount, Rs 539.4 crore has already been infused by PB Fintech Limited, while the remaining capital will be contributed by external investors, according to disclosures filed with the National Stock Exchange (NSE). For context, PB Fintech had earlier passed a resolution to invest up to Rs 696 crore through the purchase of equity shares or preference shares of PB Healthcare Services Private Limited in FY26. As part of the current round, it has already invested Rs 539.4 crore, with the remaining amount yet to be deployed. As per the filings, PB Fintech’s stake in PB Healthcare Services has dropped from 100% to 32.14% following the participation of external investors in the seed round. Previously a wholly-owned subsidiary, PB Healthcare has also created an ESOP pool to attract and retain key talent. The capital infusion is aimed at strengthening the company’s financial position and supporting its growth plans. “The dilution in shareholding is a strategic decision to bring in external investors and create an ESOP pool to attract and retain talent,” the company noted in its filing. Founded in January 2025, PB Healthcare Services set out with an ambitious goal of establishing hospitals with a cumulative capacity of 1,000 beds within its first year. The company plans to launch operations in the National Capital Region (NCR), with a phased expansion into other major metro cities.

Policybazaar parent PB Fintech enters healthcare with new subsidiary

YourStoryYourStory · 1y ago
Policybazaar parent PB Fintech enters healthcare with new subsidiary
Medial

Policybazaar's parent company, PB Fintech Limited, has announced plans to enter the healthcare sector by setting up a subsidiary named PB Healthcare Private Limited. PB Fintech aims to address inefficiencies in the insurance ecosystem and improve trust by focusing on the lifetime value of customers. The company will invest up to $100 million in infrastructure and operational frameworks. The proposed model involves partnerships with hospitals and insurers to establish standardized procedures and reduce claims discrepancies. This move is expected to accelerate industry growth and indirectly benefit Policybazaar's market penetration. PB Fintech reported a significant increase in revenue and profits in Q2 FY25.

PB Fintech reports 7.5% dip in Q1 FY25 revenue; maintains profit

EntrackrEntrackr · 1y ago
PB Fintech reports 7.5% dip in Q1 FY25 revenue; maintains profit
Medial

Policybazaar and Paisabazaar’s parent, PB Fintech, reported a 7.3% decline in its revenue during the first quarter of the ongoing fiscal (FY25) year. The firm, however, managed to keep its grip on the profit numbers in the same period as compared to the previous quarter (Q4 FY24). PB Fintech’s revenue slipped to Rs 1,010 crore in Q1 FY25 as compared to Rs 1,090 crore during the quarter ended March 2024, as per the company’s disclosure with the National Stock Exchange (NSE). Insurance broking formed 83.6% of the collections which decreased 7.5% to Rs 845 crore during Q1 FY25. The income from other operating activities, which include marketing, advertising, consulting, and support services, plunged 5.7% to Rs 165 crore in the same period. The firm earned Rs 100 crore from non-operating activities including financial income, tallying its overall revenue to Rs 1,111 crore in Q1 FY24. For PB Fintech, employee benefits cost remained the largest cost center forming 42% of the overall expenditure. This cost saw a mere increase of 3.4% QoQ to Rs 455 crore in the past quarter (Q1 FY25). The company’s spending on finance, advertising-promotion, network, internet, and other overheads pushed its total expenditure to Rs 1,081 crore in Q1 FY25 from Rs 1,114 crore in Q4 FY24. Despite the decline in scale, PB Fintech has managed to maintain steady profits, which stood at Rs 60 crore in Q1 FY25. On a unit level, the Gurugram-based firm spent Rs 1.07 to earn a rupee in Q1 FY25. PB Fintech ended the day (August 6) with a share price of Rs 1,425 and its total market capitalization was Rs 64,984 crore, or $7.2 billion.

PB Fintech posts Rs 1,292 Cr revenue and Rs 72 Cr profits in Q3 FY25

EntrackrEntrackr · 10m ago
PB Fintech posts Rs 1,292 Cr revenue and Rs 72 Cr profits in Q3 FY25
Medial

PB Fintech’s revenue increased to Rs 1,292 crore in Q3 FY25 as compared to Rs 871 crore during Q3 FY24, as per the firm’s unaudited consolidated financial results. PB Fintech, the parent company of Policybazaar and Paisabazaar, recorded a 48.3% year-on-year increase in revenue during the third quarter of the ongoing fiscal year (FY25). At the same time, the firm nearly doubled its profits, maintaining strong growth in earnings. Insurance broking formed 87.6% of the total collections which surged by 62.4% to Rs 1,132 crore during Q3 FY25 from Rs 697 crore in Q3 FY24. The income from other operating activities, which include marketing, advertising, consulting, and support services, plunged 8% to Rs 160 crore in the same period. The firm earned Rs 100 crore from non-operating activities including financial income, tallying its overall revenue to Rs 1,392 crore in Q3 FY25, compared to Rs 965 crore in the same quarter of the previous fiscal year. For PB Fintech, employee benefits cost remained the largest cost center forming 37% of the overall expenditure. This cost increased by 22.4% YoY to Rs 487 crore in Q3 FY25 from Rs 398 crore in Q3 FY24. This includes Rs 51 crore as ESOP expense (non-cash). The company’s spending on advertising and promotional grew 34% to Rs 289 crore. Its network, internet, legal, rent, and other overheads pushed its total expenditure to Rs 1,307 crore in Q3 FY25 from Rs 926 crore in Q3 FY24. The significant year-on-year growth helped PB Fintech to post a 94.6% surge in profits to Rs 72 crore in Q3 FY25 from Rs 37 crore in the third quarter of the previous fiscal year. On a unit level, the Gurugram-based firm spent Rs 1.01 to earn a rupee in Q3 FY25. PB Fintech ended the day on January 30 with a share price of Rs 1,659.7 and a total market capitalization of Rs 76,225 crore (approximately $9 billion).

These 4 sectors may witness turnaround in FY25, says Union AMC's Hardick Bora

Money ControlMoney Control · 1y ago
These 4 sectors may witness turnaround in FY25, says Union AMC's Hardick Bora
Medial

Hardick Bora, Co-Head Equities at Union AMC, has a positive stance on the IT sector, believing that it may be near the end of the earnings downgrade cycle. He also highlights the automobiles, industrial/capital goods, healthcare, real estate, and PSU banks sectors as ones to watch for potential business growth and valuations. Bora expects a turnaround in sectors such as information technology, retail/QSRs, chemicals, and private banks in FY25. However, he advises caution when investing in mid-caps and small-caps, suggesting a staggered investment approach. He anticipates strong corporate earnings in FY25, but notes the risks of geopolitical tensions and slower global economic growth.

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