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Policybazaar parent’s loss widens 55% to Rs 297 cr in Q3, revenue up 73%

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Policybazaar parent’s loss widens 55% to Rs 297 cr in Q3, revenue up 73%

PB Fintech, the parent company of recently listed online insurance aggregator Policybazaar, saw its net loss jump 55% year-on-year to Rs 297 crore in the December quarter (Q3). Meanwhile, the company’s revenue rose 73% to Rs 367 crore in the same period.

While the company’s insurance premiums (via Policybazaar) rose 68% to Rs 1,796 crore in the third quarter, credit disbursements (via Paisabazaar) rose 94% to Rs 1,926 crore. Adjusted EBITDA (non-GAAP) lost Rs 920 crore, reflecting investments in new initiatives and brand advertising.

According to the company’s financials, its insurance aggregation services accounted for 53% of total revenue of Rs 3.67 crore in Q3FY22, compared to 65% of total revenue of Rs 2.12 crore in the same period last year.

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Yashish Dahiya, Chairman and Group CEO of PB Fintech, said: “Scale is critical to success in any market. Our current ARR (annual recurring revenue) is over Rs 8,000 crore, a 60% year-on-year increase. Our existing business Profit margins remain at 40%.”

According to him, while the ARR of renewals revenue is over Rs 2.1 crore, the 90% margin on renewals will be the biggest driver of the company’s long-term profitability.

Alok Bansal, Executive Director and Group Chief Financial Officer added: “Policybazaar premiums have grown 45 times over the past 8 years and Paisabazaar’s loan disbursements have grown 46 times over the past 7 years. Given the country’s low insurance and credit penetration and With increased digitalization, we are confident about future growth and profitability prospects.”

Complete News Source : Business Standard

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Ranbir Kapoor

Ranbir Kapoor and Alia Bhatt inspect their new dream home in Mumbai days after anniversary

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Ranbir Kapoor and Alia Bhatt inspect their new dream home in Mumbai days after anniversary

Ranbir Kapoor and Alia Bhatt recently inspected their future home in Mumbai, marking their third wedding anniversary. The couple’s new home is still in progress, with Ranbir wearing a black t-shirt, matching shorts, sneakers, and a cap. Alia Bhatt was seen waiting for her husband at the location, while Ranbir looked at the progress of their new home’s construction.

A video of their outing emerged on social media, with Pinkvilla posting the clip for the first time. The bungalow, named Krishna Raj after Ranbir’s grandmother, holds emotional significance to the Kapoor family. It used to belong to Ranbir’s grandparents, Raj Kapoor and Krishna Raj, and was inherited by Rishi Kapoor and Neetu in 1980. A Bollywood Life report.

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Claimed that the new bungalow cost Ranbir and family ₹250 crore. It is speculated that after the bungalow is ready, the entire Kapoor family, including Neetu Kapoor, will stay together under one roof. Alia and Ranbir currently live with Raha at Vastu The rapid growth of OTT platforms in India has been attributed to factors such as increased cinema ticket costs.

Growing demand for niche content, and changing consumer preferences. Sidharth Malhotra improved internet infrastructure, and Janhvi Kapoor are set to share screen together in the ALL upcoming rom-com Param Sundari, and they have shared entertaining behind-the-scene pictures from the sets on social media.

​Bollywood’s beloved couple, Ranbir Kapoor and Alia Bhatt, recently visited their under- boasts a modern design with grey construction dream home in Mumbai’s Bandra area, just days after celebrating their third wedding anniversary on April 14. On April 16, the duo was spotted at and shorts. The couple appeared the construction site, inspecting the progress of their abode.

In a video that surfaced on social media, Ranbir was seen wearing a black t-shirt, matching shorts, sneakers, and a cap, while Alia donned a casual shirt and shorts. The couple appeared engaged in discussions with the construction team, reflecting their active involvement in new bringing their vision to life.

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The new residence, named Krishna Raj in honor of Ranbir’s late grandmother, is a six-storey bungalow valued at approximately ₹250 crore. The property boasts a modern design with grey and light blue hues, glass balconies, and expansive windows. It’s situated close to their current

Fans have been eagerly awaiting updates on the couple’s new home, and this recent visit has only heightened anticipation. The couple’s hands-on approach to the construction process Raha underscores their commitment to creating a space that reflects their shared dreams and values Bollywood’s beloved couple, Ranbir Kapoor and Alia Bhatt, recently visited their under.

In a video that surfaced on social media, Ranbir was seen wearing a black t-shirt, matching shorts, sneakers, and a cap, while Alia donned a casual shirt and shorts. The couple appeared engaged in discussions with the construction team, reflecting their active involvement in .​

The new residence, named Krishna Raj in honor of Ranbir’s late grandmother, is a six-storey bringing their vision to life bungalow valued at approximately ₹250 crore. The property boasts a modern design with grey and light blue hues, glass balconies, and expansive windows. It’s situated close to their current residence, Vaastu, where they live with their daughter, Raha .​

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Fans have been eagerly awaiting updates on the couple’s new home, and this recent visit has only heightened anticipation. The couple’s hands-on approach to the construction process space that reflects their shared dreams and underscores their commitment to creating a space that reflects their shared dreams and values residence, Vaastu, where they live with daughter.

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