PB Fintech Q4 Results: Losses shrink sharply to Rs 9 crore; revenue jumps 61% YoY

PB Fintech, the parent company of Policybazaar, reported sharp narrowing of losses in the fourth quarter at Rs 8.9 crore. The company had posted a loss of Rs 220 crore in the fourth quarter of last year and Rs 87 crore in the December quarter.

Revenue from operations jumped 61% year-on-year to Rs 869 crore for the January-March period. The same stood at Rs 540 crore in the corresponding period of last year.

The company said it has turned break even at the operating level for the quarter.