PB Fintech founders sell shares worth ₹920 crore; HDFC Life, ICICI Prudential among buyers

Founders of PB Fintech Ltd, the parent company of Policybazaar and Paisabazaar, on Thursday (June 26) offloaded a combined stake worth ₹919.8 crore through open market transactions.

Alok Bansal, co-founder and Executive Vice Chairman, sold 16.5 lakh shares at an average price of ₹1,821.50 per share, amounting to ₹300.5 crore. Co-founder, Chairman and Group CEO Yashish Dahiya sold 34 lakh shares for ₹619.31 crore.

Also Read: PB Fintech Q3 Results: Profit jumps 88.2% to ₹71.5 crore, new insurance premiums up 44% YoY

The stake sales saw participation from major institutional investors. Buyers included HDFC Life Insurance, ICICI Prudential Life Insurance, and Ghisallo Master Fund LP, among others.

Fourth Quarter Results

PB Fintech reported a 184.1% year-on-year (YoY) spike in net profit at ₹171 crore for the fourth quarter that ended March 31, 2025. In the corresponding quarter of the previous fiscal, PB Fintech posted a net profit of ₹60.2 crore. The company's revenue from operations surged 38.4% to ₹1,507.9 crore as against ₹1,089.6 crore in the corresponding period of the preceding fiscal.

At the operating level, EBITDA jumped 1,955% to ₹113 crore in the fourth quarter of this fiscal over ₹5.5 crore in the corresponding period in the previous fiscal. EBITDA margin stood at 7.5% in the reporting quarter as compared to 0.5% in the corresponding period in the previous fiscal.

Also Read: PB Fintech’s health insurance business growing four times faster than the industry, says Group CEO

The company recorded a total insurance premium of ₹23,486 crore, with new core online insurance premiums rising 45% and new health and life insurance premiums increasing 48%. For the quarter, total insurance premiums stood at ₹7,030 crore, up 37% YoY, driven primarily by growth in new health insurance.

Shares of PB Fintech Ltd ended at ₹1,834.70, down by ₹5.05, or 0.27%, on the BSE.