Paisabazaar looks to turn profitable in Q3, revenue touches Rs 154 crore

economictimes.indiatimes.com:

Paisabazaar is looking to clock a net profit from next quarter onwards, in line with its parent PB Fintech, Naveen Kukreja, cofounder and chief executive of the credit marketplace, told ET.
The company has been earnings before interest, taxes, depreciation, and amortization (Ebitda) positive since the December quarter.

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For the quarter ended September 30, Paisabazaar reported total revenue of Rs 154 crore, a 15% rise sequentially. Currently, Paisabazaar contributes to a little over 25% of PB Fintech’s core quarterly revenues.

Apart from Paisabazaar, the Policybazaar insurance marketplace also contributes to PB Fintech’s core revenues.

Also read | PB Fintech sees net loss drop to Rs 21.1 crore

For the second quarter, Paisabazaar reached an annual loan disbursal rate of Rs 16,600 crore. The credit products distributor disbursed loans worth Rs 4,129 crore on its platform for the three-month period, recording 17% sequential growth on the back of festive demand for credit.

Paisabazaar also improved its Ebitda-to-revenue ratio slightly over 6-7% from the previous quarter. The PB Fintech subsidiary, which is also a credit score provider, is eyeing 15% Ebitda in FY25 and 20% in the next two to three fiscal years, Kukreja added.
“We will look to grow two- to three-fold over industry growth, with our focus on co-created products and distribution. This essentially translates to 45-50% annual growth, which puts us in a healthy place. What will get us there is digitisation, helping us reduce