Policybazaar Q4 results: Net loss narrows to Rs 9 crore, revenue up 61%

PB Fintech, the parent firm of online insurance broker Policybazaar, on Monday reported a consolidated net loss of Rs 8.95 crore for the March quarter. The company reported a net loss of Rs 220 crore a year ago.

The company’s consolidated revenue from operation rose by 60.92 per cent to Rs 869 crore for the March quarter as compared to Rs 540 crore in the year-ago period.

In a regulatory filing, the company said, “As we had guided earlier about breaking even in Q4, we are glad to announce that we broke even and our consolidated adjusted EBITDA was a positive Rs 28 crore for Q4 which is a 3 per cent EBTIDA margin,