PB FinTech , the parent company of Policybazaar and Paisabazaar, has reported a strong financial performance for the second quarter of fiscal year 2025-26, showcasing significant growth across key metrics.

Premium Growth and Revenue Performance

The company reported a total premium of ₹7,605.00 crores for Q2, marking a 40% year-on-year increase and a 15% quarter-on-quarter growth. This impressive growth was primarily driven by:

• Online protection business growth of 44% year-on-year
• Health insurance growth of 60% year-on-year

The consolidated revenue saw a robust increase of 38% year-on-year, reaching ₹1,614.00 crores. The core insurance revenue, a key component of the business, grew by 36% compared to the same quarter last year.

Profitability Improvement

PB FinTech's profitability showed remarkable improvement:

• Consolidated profit after tax (PAT) increased by 165% year-on-year to ₹135.00 crores
• PAT margin improved from 4% to 8%
• PAT as a percentage of insurance premium stood at 1.77%

Segment Performance

Insurance Business

• Policybazaar's core insurance revenue grew by 47% year-on-year
• Quarterly insurance renewals revenue reached an annualized run rate (ARR) of ₹758.00 crores, up from ₹516.00 crores in Q2 last year

Credit Business

• Core credit revenue declined 22% year-on-year but showed signs of recovery with 4% quarter-on-quarter growth
• Core credit disbursals grew 9% quarter-on-quarter, indicating a potential bottoming out of the segment

New Initiatives

• Revenue from new initiatives grew by 61% year-on-year
• Adjusted EBITDA margins for new initiatives improved from -12% to -4%
• Contribution margin for new initiatives reached 5%

PB Partners and International Expansion

• PB Partners, the company's agent aggregator platform, now boasts over 380,000 advisors across 19,000 PIN codes
• The platform is driving growth from Tier 4 and Tier 5 towns
• UAE insurance premium grew by 64% year-on-year and remained profitable for three consecutive quarters

Management Commentary

Yashish Dahiya, Chairman & Group CEO of PB FinTech, commented on the results: "Our focus on execution and adaptability was evident in our response to the GST changes implemented in September. We found solutions quickly, ensuring our sales remained strong despite the regulatory shift."

Future Outlook

The management expressed confidence in constructive discussions with insurance partners regarding commission structures in light of recent GST changes. They also highlighted their commitment to growth while maintaining cost efficiency across operations.

Conclusion

PB FinTech's Q2 FY2026 results demonstrate the company's resilience and growth potential in the evolving fintech landscape. With strong performance across its core insurance business and promising developments in new initiatives, the company appears well-positioned for continued success in the coming quarters.

Note: All financial figures are in Indian Rupees (₹).

PB Fintech Limited , the parent company of Policybazaar and Paisabazaar, has announced its financial results for the second quarter of fiscal year 2026, showcasing robust growth across key metrics.

Financial Highlights

• Revenue Growth: The company's consolidated operating revenue surged by 38% year-over-year (YoY) to ₹1,614.00 crore for Q2 FY26.
• Profitability: Profit After Tax (PAT) grew significantly by 165% YoY to ₹135.00 crore, representing 1.77% of the total insurance premium.
• Insurance Premium: Total insurance premium for the quarter increased by 40% YoY to ₹7,605.00 crore.
• Adjusted EBITDA: The company reported a 180% YoY growth in Adjusted EBITDA to ₹156.00 crore, with margins improving from 5% to 10% YoY.

Operational Performance

• Core Online Insurance: Premium grew by 34% YoY.
• New Protection Business: Health and Term Insurance new premium saw a robust growth of 44% YoY.
• Renewal Revenue: The company's renewal and trail revenue on a 12-month rolling basis reached ₹774.00 crore, up 39% YoY, driven by 47% growth in the insurance segment.

Segment-wise Performance

New Initiatives

• PB Partners: The agent aggregator platform accelerated growth with over 380,000 advisors, expanding presence to 19,000 pin codes across India.
• UAE Operations: Insurance premium in UAE grew by 64% YoY, with a focus on health and life insurance products.

Management Commentary

Yashish Dahiya, Chairman and Chief Executive Officer, stated, "Our focus on protection products and improving customer experience continues to drive our growth. The consistent CSAT score of 90.5% reflects our commitment to customer satisfaction."

Future Outlook

PB Fintech maintains its strategy of expanding its consumer base through both online and offline channels. With the credit business showing signs of bottoming out and new initiatives gaining traction, the company is positioned for continued growth in the coming quarters.

About PB Fintech Limited

PB Fintech Limited operates India's leading online insurance and credit comparison platforms, Policybazaar and Paisabazaar, respectively. The company aims to address the protection gap in India by offering a wide range of insurance and credit products to consumers.

Note: All financial figures are based on the consolidated results for Q2 FY26 ended September 30, 2025.