PB Fintech Reports 33% Revenue Growth and 347% PAT Surge in Q1 FY26

2 min read     Updated on 01 Aug 2025, 01:13 AM
scanxBy ScanX News Team
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Overview

PB FinTech, parent of Policybazaar and Paisabazaar, reported robust Q1 FY26 results. Total revenue grew 33% YoY to ₹1,348.00 crore, with PAT surging 347% to ₹85.00 crore. Core Online Insurance Revenue increased 37% YoY. Total Insurance Premium rose 36% YoY to ₹6,616.00 crore. Online new health insurance grew 65% YoY. Credit business saw a 22% YoY decline in core revenue. New initiatives revenue grew ~50% YoY. PB Partners expanded to 19,000 pin codes. UAE Insurance premium grew 68% YoY.

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*this image is generated using AI for illustrative purposes only.

PB FinTech , the parent company of Policybazaar and Paisabazaar, has reported strong financial results for the first quarter of fiscal year 2026 (Q1 FY26), demonstrating robust growth across key metrics.

Financial Highlights

  • Total revenue grew by 33% year-over-year (YoY) to ₹1,348.00 crore
  • Profit After Tax (PAT) surged by 347% YoY to ₹85.00 crore, improving from ₹19.00 crore in Q1 FY25
  • PAT margin improved significantly from 2% in Q1 FY25 to 6% in Q1 FY26
  • Core Online Insurance Revenue increased by 37% YoY to ₹732.00 crore

Operational Performance

  • Total Insurance Premium for the quarter rose by 36% YoY to ₹6,616.00 crore
  • Core Online Insurance Premium grew by 35% YoY
  • New Protection (Health + Term insurance) Premium increased by 46% YoY
  • Customer Satisfaction (CSAT) for insurance remained consistent at over 90%

Business Segment Performance

1. Insurance Business

  • Online new health insurance grew by 65% YoY
  • Core New Insurance Premium (excluding Savings business) maintained steady growth at 42% YoY

2. Credit Business

  • Core credit revenue experienced a decline of 22% YoY
  • Credit disbursal for the core online business stood at ₹2,095.00 crore

3. New Initiatives

  • Revenue from new initiatives grew by approximately 50% YoY
  • Adjusted EBITDA margin for new initiatives improved from -12% to -6%

Key Developments

  • PB Partners, the company's agent aggregator platform, continued to lead the market with over 350,000 advisors
  • The platform expanded its reach to 19,000 pin codes, covering 99% of pin codes in India
  • UAE Insurance premium grew by 68% YoY, aligning more towards health and life insurance

Long-term Performance

Since its public listing in November 2021:

  • Revenue has grown at a CAGR of 54% from ₹238.00 crore in Q1 FY22 to ₹1,348.00 crore in Q1 FY26
  • PAT margin has improved from -47% in Q1 FY22 to 6% in Q1 FY26

Yashish Dahiya, Chairman and Chief Executive Officer of PB FinTech, commented on the results: "Our focus on protecting Indian families against the financial impact of death, disease, and disability continues to drive our growth. The strong performance in Q1 FY26, particularly in our core insurance business and new initiatives, reflects the increasing trust consumers place in our platforms."

The company's strategy of expanding its regional reach through localized marketing campaigns and offering sales support in over 200 cities across 18 languages has contributed to its growth. PB FinTech continues to leverage technology and data to drive product and process innovation, benefiting from network effects resulting from consumer pull, deep understanding of risk, and best-in-class service.

As PB FinTech maintains its leadership in the online insurance and credit marketplace, the company remains well-positioned to capitalize on the growing demand for financial protection and credit products in India.

Historical Stock Returns for PB FinTech

1 Day5 Days1 Month6 Months1 Year5 Years
-1.72%-0.03%-2.84%+3.77%+23.57%+48.12%
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Policybazaar Survey: Natural Disasters Drive Home Insurance Interest, but Confusion Hinders Purchases

1 min read     Updated on 21 Jul 2025, 05:03 PM
scanxBy ScanX News Team
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Overview

A Policybazaar.com survey reveals that 41% of Indians are motivated to explore home insurance due to natural disasters. Other factors include ongoing home loans (31%) and theft concerns (30%). However, only 39% of those interested actually purchase policies. Barriers to adoption include difficulty understanding policies (27%), perceived lack of necessity (23%), and loss of interest (18%). Homeowners in standalone houses and housing societies are the primary purchasers, while renters show less interest. Despite growing awareness of risks like fire, gas cylinder blasts, and water leakage, low penetration persists due to lack of awareness and understanding of insurance products.

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*this image is generated using AI for illustrative purposes only.

A recent survey conducted by PB FinTech 's Policybazaar.com has shed light on the factors driving interest in home insurance among Indians, as well as the challenges preventing many from actually purchasing policies.

Natural Disasters: A Primary Motivator

The survey reveals that natural disasters are the leading factor motivating Indians to explore home insurance, with 41.00% of respondents citing this as their primary reason. This heightened awareness of climate risks underscores the growing concern among homeowners about protecting their properties from unforeseen events.

Other Key Drivers

While natural disasters top the list, other significant factors influencing interest in home insurance include:

  • Ongoing home loans (31.00%)
  • Concerns about theft (30.00%)

Purchase Rates and Property Types

Despite the growing interest, only 39.00% of those exploring home insurance actually follow through with a purchase. The survey found that homeowners in standalone houses and housing societies are the primary purchasers of home insurance policies. In contrast, renters show comparatively less interest in obtaining coverage.

Barriers to Purchase

The survey identified several key reasons why interested individuals do not ultimately buy home insurance:

  • 27.00% struggle to understand and compare policies
  • 23.00% don't see the necessity, having never experienced losses
  • 18.00% lose interest due to lack of urgency or clarity

Additional Risk Factors

The survey, which analyzed people who explored home insurance in the last six months, also highlighted other risks contributing to homeowners' concerns:

  • Fire
  • Gas cylinder blasts
  • Lightning strikes
  • Voltage fluctuations
  • Water leakage
  • Terrorism
  • Riots

However, these concerns often fail to translate into actual purchases, primarily due to a lack of awareness and understanding of insurance products.

Industry Perspective

Ashwini Dubey from Policybazaar commented on the findings, noting that home insurance penetration remains low in India despite the growing intent driven by climate risks and financial liabilities. Dubey emphasized the need to simplify insurance offerings and raise awareness to bridge the gap between interest and actual policy purchases.

Conclusion

The Policybazaar survey highlights a significant opportunity in the Indian home insurance market. While natural disasters and other factors are driving interest, the industry faces challenges in converting this interest into actual policy purchases. Simplifying policy terms, improving education about coverage benefits, and addressing the lack of urgency among potential buyers could be key strategies for increasing home insurance adoption in India.

Historical Stock Returns for PB FinTech

1 Day5 Days1 Month6 Months1 Year5 Years
-1.72%-0.03%-2.84%+3.77%+23.57%+48.12%
PB FinTech
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