PB Fintech (Policy Bazaar) has presented its quarterly results. The quarterly profit of the Fintech company has increased by 88 percent compared to last year. At the same time, the company's income has increased by 48 percent during this period. The company has turned profitable from loss in EBITDA. According to the company's data, the total insurance premium has increased by 45 percent on a year-on-year basis. The results have come after the market closed. The stock has closed today with a decline of more than 3 percent.

How were the quarterly results?

The company's profit has increased from Rs 38 crore to Rs 71.5 crore as compared to last year. It has increased by 88.2 percent on a year-on-year basis. The company's income has increased by 48.3 percent compared to last year and has increased from Rs 870.9 crore to Rs 1291.6 crore. EBITDA stood at Rs 27.7 crore, which was in loss of Rs 25.5 a year ago. The company's margins were 2.1 percent in the December quarter. How was the business performance? During the third quarter, insurance premiums were Rs 6135 crore. There has been a 44 percent increase in core online insurance premium and 47 percent in health and life insurance premium. There was a 48 percent increase in operating revenue. How was the stock performance? The stock closed at 1654.6 with a gain of 3.41 percent in Thursday's trading. The highest level of the stock in the year has been 2255 which was seen on 6 January this year. The lowest level of the year is 852 which was seen on 6 February last year.