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.

PB FinTech , the parent company of Policybazaar and Paisabazaar, has reported robust financial results for the second quarter of fiscal year 2026, demonstrating significant growth across key metrics.

Financial Highlights

• Revenue: The company's consolidated revenue from operations grew by 38% year-over-year to ₹1,614.00 crore in Q2 FY26.
• Profitability: PB FinTech's profit after tax (PAT) surged 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.
• Core Online Insurance Premium: Grew by 34% YoY.
• New Protection Premium: Health and term insurance new premium saw a robust growth of 44% YoY.

Operational Performance

• Customer Satisfaction: The company maintained a consistent Insurance CSAT score of 90.5% for Q2 FY26.
• Renewal Revenue: On a 12-month rolling basis, renewal revenue reached ₹774.00 crore, up 39% YoY, driven by 47% growth in the insurance segment.
• New Initiatives: Revenue from new initiatives grew by 61% YoY, with adjusted EBITDA margin improving from -12% to -4%.

Segment-wise Performance

Insurance Business

• The core online insurance business continued to show strong growth, with new protection premium (health and term insurance) increasing by 44% YoY.
• PB Partners, the company's agent aggregator platform, consolidated its leadership with over 380,000 advisors.
• The platform expanded its presence to 19,000 pin codes across India, covering 99% of pin codes and driving growth in Tier 4 & 5 towns.

Credit Business

• The credit segment faced challenges, with core lending disbursal declining by 33% YoY. However, it showed signs of recovery with a 4% growth QoQ.
• The company's credit revenue for the quarter stood at ₹106.00 crore, with disbursals of ₹2,280.00 crore for the core online business.

International Operations

• PB FinTech's UAE insurance premium grew by 64% YoY, aligning more towards health and life insurance products.
• The UAE business has been consistently profitable for three quarters, offering unique value propositions such as cross-border health insurance products and claims assurance programs for motor insurance.

Financial Position

The company's balance sheet remains strong, with total assets of ₹793,921.00 lakhs as of September 30, 2025. The equity share capital stood at ₹9,186.00 lakhs, with other equity at ₹667,712.00 lakhs.

Management Commentary

Yashish Dahiya, Chairman and Chief Executive Officer, commented on the results: "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. We are particularly encouraged by the strong performance of our new initiatives and the growth in our renewal revenue, which is a key driver of long-term profitability."

Performance Since Public Listing

PB FinTech's performance since its public listing in November 2021 has been noteworthy:

• Revenue has grown at a CAGR of 55% from ₹280.00 crore in Q2 FY22 to ₹1,614.00 crore in Q2 FY26.
• PAT margin has improved from -73% in Q2 FY22 to 8% in Q2 FY26.

The company's focus on expanding its product offerings, improving operational efficiency, and leveraging technology for better customer experience positions it well for continued growth in the evolving fintech landscape.