Internet Software & Services company PB Fintech announced Q3FY24 results: Scale: Insurance Premium: Achieved Rs 4,261 crore, representing an Annual Recurring Revenue (ARR) of Rs 17,000 crore. Credit Disbursal: Achieved an ARR of Rs 14,000 crore with 5.6 lakh Credit Cards. Core Online Business: New Protection Premium: Registered a significant growth of 44%. Operating Revenue: Reached Rs 593 crore, showing a robust growth of 39%. Contribution Margin: Improved to 44%. Adjusted EBITDA: Improved to Rs 76 crore from Rs 26 crore, with the margin increasing to 13% from 6%. Total Business: Operating Revenue: Reached Rs 871 crore, marking a substantial growth of 43%. Adjusted EBITDA Margin: Improved to 4% from -5%. Profit After Tax (PAT): Grew by Rs 125 crore, reaching Rs 37 crore, compared to a PAT loss of Rs 87 crore in the previous year. Cash Position: Improved by Rs 204 crore YoY, reaching Rs 5,150 crore. New Initiatives: Operating Revenue: Achieved Rs 278 crore, reflecting a growth of 50%. Contribution Margin Break-even: Successfully achieved in new initiatives. PB Partners: Maintained leadership in the B2B2C agent aggregation platform. Result PDF