Business
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.
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
Table of Contents
Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.
Mindfulness at Work lifestyle
Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.
Regular Exercise Breaks
Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.
Nutrition and Healthy Eating
Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.
Time Management Workshops
Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.
Skill Development Seminars
Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.
Flexible Work Arrangements
Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.
Social Engagement
Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.
Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.
Pursuing Hobbies and Interests
Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.
Encouraging Employee Wellness
Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.
Group Media Publications
Entertainment News Platforms – anyflix.in
Construction Infrastructure and Mining News Platform – https://cimreviews.com/
General News Platform – https://ihtlive.com/
Podcast Platforms – https://anyfm.in
Vijay Deverakonda and Mrunal Thakur’s Family Star opens with a first-day box office collection of more than ₹5 crore in India.
Day 8 global box office earnings for the Kareena Kapoor, Tabu, and Kriti Sanon film reaches ₹90 crore
Fans are stunned when Nushrratt Bharuccha displays her enormous shoe collection in new images and videos. Observe
Rasha, the daughter of Raveena Tandon, discusses how trolling affects her: “I think in processing it, feeling bad for a bit.”
Benny Blanco and Selena Gomez have a “very serious” relationship; her friends and family adore him: Report
Why Vijay Deverakonda won’t collaborate with a first-time filmmaker is revealed: “I need them to be prepared to take advantage of me.”
The final trailer for Maidaan, which was released on Ajay Devgn’s birthday, establishes the mood for India’s crucial football match. Observe
Salman Khan served drinks to Ranbir Kapoor’s sister Riddhima’s wedding. This is the reason Rishi Kapoor chased him away.
The phrase “female-led projects” annoys Bhumi Pednekar. “It disgusts me deeply.”
Rasha, the daughter of Raveena Tandon, discusses how trolling affects her: “I think in processing it, feeling bad for a bit.”
Vijay Deverakonda and Mrunal Thakur’s Family Star opens with a first-day box office collection of more than ₹5 crore in India.
Day 8 global box office earnings for the Kareena Kapoor, Tabu, and Kriti Sanon film reaches ₹90 crore
Benny Blanco and Selena Gomez have a “very serious” relationship; her friends and family adore him: Report
Fans are stunned when Nushrratt Bharuccha displays her enormous shoe collection in new images and videos. Observe
Udd Jaa Kaale Kaava | Gadar 2 | Sunny Deol, Ameesha |
“AIR Movie Review: A Riveting Tale of Survival and Intrigue”
A Story About Madan Mohan
A Story About Laxmi Kant Pyarelal , The Legendry Musicians
Exclusive Interview of Taruna Tanwar and Amit Tanwar
BKU अध्यक्ष नरेश टिकैत ने किया है बड़ा ऐलान, चुनाव में किस पार्टी को करेंगे सपोर्ट?
बीजेपी जल्द जारी करेगी बाटी गई टिकट की लिस्ट
उत्तर प्रदेश का चुनावी शतरंज 13 January 2022
उत्तर प्रदेश का चुनावी शतरंज। चुनाव के लिए पार्टियों के बनते – बिगड़ते समीकरण
-
Bollywood2 months agoAishwarya Rai maintains her stunning appearance in a new L’Oreal ad.
-
health and remedies2 months agoThe article discusses the potential health risks associated with swallowing dry ice
-
.jpg "Sidhu Moosewala’s father and baby brother feature on Times Square billboard; fans react. Watch")
Music1 month agoSidhu Moosewala’s father and baby brother feature on Times Square billboard; fans react. Watch
-
Bollywood4 weeks ago
Rasha, the daughter of Raveena Tandon, discusses how trolling affects her: “I think in processing it, feeling bad for a bit.”
-
Bollywood1 month ago
The phrase “female-led projects” annoys Bhumi Pednekar. “It disgusts me deeply.”
-
Bollywood2 months agoFor this explosive advertisement, Aamir Khan and Darsheel Safary reconnect 16 years after Taare Zameen Par
-
.jpg "Ori, Gal Gadot’s fourth daughter, is welcomed into the world. “Being pregnant wasn’t easy,”")
Hollywood2 months agoOri, Gal Gadot’s fourth daughter, is welcomed into the world. “Being pregnant wasn’t easy,”
-
Entertainment2 months agoEach of Vijay and Kamal Haasan donates ₹1 crore to the construction of Nadigar Sangam