PB Fintech shares surge 5% after Q2 profit more than doubles on strong insurance growth

PB Fintech, which oversees the operations of Policybazaar and Paisabazaar, has witnessed a remarkable 165 percent year-on-year growth in net profits, now amounting to Rs 135 crore for the quarter ending in September. This substantial rise was largely driven by strong performances in its insurance division and improved operational practices.