PB Fintech swings to profit in Q1 at Rs 60 crore

PB Fintech's quarterly net profit reached Rs 60 crore for the period ending June 30, 2024, marking a significant turnaround from a loss last year. Revenue increased by 52% to Rs 1,010 crore, spurred by growth in health and life insurance. Despite a drop in credit business, the company maintained positive adjusted EBITDA.