Shares of PB Fintech, the parent company of PolicyBazaar, came under mild pressure on Thursday, June 26, following a large block deal worth Rs 920 crore. According to exchange data, around 50.5 lakh shares, or 1.1% equity, changed hands at Rs 1,821.5 per share.
Market sources suggest that co-founders Yashish Dahiya and Alok Bansal were likely behind the share sale. The base price of the block deal was reportedly set at Rs 1,800, representing a 2.2% discount to the previous close of Rs 1,839.8 on the NSE.
As of 9:18 AM, the stock was trading at Rs 1,824.7, showing a decline of 0.8%.
The share sale comes at a time when PB Fintech is reporting strong financial performance. In the March 2025 quarter, the company posted a consolidated net profit of Rs 171 crore, a jump of 184% from Rs 60 crore in the same quarter last year. Revenue for the quarter rose 38% YoY to Rs 1,508 crore, led by 46% growth in insurance revenue and improving margins.
For the full financial year FY25, the company reported a net profit of Rs 353 crore, more than five times the FY24 figure of Rs 64 crore. This was driven not just by core business growth, but also by lower ESOP-related expenses, better treasury income, and reduced losses from its associate companies. The year also included a one-time gain of Rs 41 crore from a partial sale and fair value gain of its stake in Visit Health.
The company’s adjusted EBITDA (excluding ESOP cost) more than doubled to Rs 333 crore, compared to Rs 144 crore a year ago. Even after accounting for ESOP costs, PB Fintech posted a positive EBITDA of Rs 94 crore, a significant recovery from a Rs 186 crore loss in FY24.
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Source: Moneycontrol
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