New Delhi, Aug. 5 -- PB Fintech, the parent company of Policybazaar and Paisabazaar, reported its June quarter results after market hours on Wednesday, August 5, posting a consolidated net profit of Rs.163 crore for the first quarter of FY27 (Q1FY27), up 92% from Rs.85 crore in the corresponding quarter last year.

Consolidated revenue from operations rose 40% year-on-year (YoY) to Rs.1,888 crore from Rs.1,348 crore in the year-ago period.

On a sequential basis, however, both revenue and profit declined. Net profit fell from Rs.261 crore reported in the March quarter, while revenue slipped from Rs.2,061 crore.

PB Fintech's insurance and lending businesses continued to deliver healthy growth during the June quarter.

Total insurance prem...