PB Fintech profit jumps 4.5X on health cover, secured loans

PB Fintech’s consolidated profit surged nearly fivefold to Rs 85 crore in the June quarter, fueled by robust growth in health insurance premiums and secured lending. Revenue increased by 33% to Rs 1,348 crore, with total insurance premiums climbing 36%. The company is expanding its financial wellness platform, focusing on repeat customers and new offerings like fixed deposits and bonds.