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 2% to 6% margin
• Core online insurance revenue increased by 37% YoY to ₹732.00 crore
• Total insurance premium rose by 36% YoY to ₹6,616.00 crore

Insurance Business Performance

The company's insurance business showed strong momentum:

• Core online insurance premium grew by 35% YoY
• New protection (Health + Term insurance) premium increased by 46% YoY
• Online new health insurance saw a significant 65% YoY growth

Policybazaar's customer satisfaction (CSAT) remained consistently high at over 90%, reflecting the company's commitment to service quality.

Credit Business and New Initiatives

While the core credit business faced some headwinds with a 22% YoY decline in revenue, PB Fintech reported progress in other areas:

• Credit revenue for Q1 FY26 stood at ₹102.00 crore
• Loan disbursals reached ₹2,095.00 crore for the core online business
• New initiatives, including PB Partners and UAE operations, showed promising growth

PB Partners and Expansion

PB Partners, the company's agent aggregator platform, continued to lead the market with over 350,000 advisors. The platform has expanded its reach to 19,000 pin codes across India, covering 99% of the country's pin codes.

UAE Operations

The company's UAE insurance premium grew by 68% YoY, aligning more towards health and life insurance. PB Fintech introduced unique value propositions such as cross-border health insurance products and a claims assurance program for motor insurance in the UAE market.

Long-term Performance

Since its public listing in November 2021, PB Fintech has shown consistent growth:

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

Outlook

With its strong performance in Q1 FY26, PB Fintech appears well-positioned for continued growth. The company's focus on expanding its insurance and credit businesses, coupled with its technological innovations and customer-centric approach, is likely to drive further success in the coming quarters.

As PB Fintech continues to strengthen its market leadership and improve operational efficiency, investors and industry observers will be watching closely to see if the company can maintain its growth trajectory and profitability in the competitive fintech landscape.

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.