Morgan Stanley sold shares via Morgan Stanley Asia (Singapore) Pte at Rs 1,819 apiece. Shares of Policybazaar had ended at Rs 1,821.75 on Monday.
In the block deal, French multinational bank BNP Paribas was a buyer. It bought as many shares for Rs 18 crore in BNP Paribas.
PB Fintech shares have been market laggards in 2025 so far, declining by 14% versus Nifty’s 6% gains in the same period.
The insurance aggregator had reported a consolidated net profit growth of 185% in Q4FY25 at Rs 171 crore versus Rs 60 crore reported in the year-ago period. The company’s revenue from operations in the March-ended quarter stood at Rs 1,508 crore, which was up 38% over Rs 1,090 crore in the corresponding quarter of the last financial year.
In this, the core online business of Policybazaar contributed Rs 877 crore in the March 31, 2025 ended quarter versus Rs 669 crore in Q4FY24. This translates into a 31% YoY rise. The company said that revenue growth was accompanied by margin improvement across the board.Also Read: D-Street’s hidden bulls: 11 stocks give multibagger returns up to 522% in H1CY25. Check detailsThe consolidated PAT for PB Fintech grew 448% from Rs 64 Cr in FY24 to Rs 353 crore (from 2% to 7% margin) in FY25, while the company’s closing cash balance stood at Rs 5,406 crore at the end of the quarter.
The company reported a 37% YoY rise in its premium at Rs 7,030 crore versus Rs 5,127 crore in the year-ago period, led by growth in new health.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)