PB Fintech Q1: Profit Surges 41% YoY To INR 85 Cr

Fintech major PB Fintech’s consolidated profit after tax (PAT) zoomed 41% to INR 84.7 Cr in Q1 FY26 from INR 60 Cr in the year-ago quarter. However, it slipped 50% from INR 170.7 Cr in the preceding March quarter. 

It is pertinent to note that the company’s PAT in Q1 FY25 included an exceptional gain of INR 41.1 Cr. This included a gain on sale of investment in Visit Health Pvt Ltd and an impairment of goodwill acquired in a business combination of Myloancare Ventures Pvt Ltd. Excluding the one-time gain, the company’s PAT surged 347% YoY in Q1 FY26.

Meanwhile, operating revenue rose 34% YoY to INR 1,348 Cr in Q1 FY26 but slipped 11% QoQ.

Including other income of INR 98.8 Cr, the company’s total income for the quarter stood at INR 1,446.7 Cr. Meanwhile, total expenses stood at INR 1,355.9 Cr, up 25% YoY and down 6% QoQ.

PB Fintech, which owns insurance aggregator platform PolicyBazaar and credit platform PaisaBazaar, claimed hefty growth for both its major revenue legs.

Policybazaar raked in a revenue of INR 1,118.7 Cr, up 41% YoY. Other verticals, including Paisabazaar, PB Pay, PB Partners, DocPrime, among others, generated a revenue of INR 161 Cr, a decline of 3% YoY. While Policybazaar’s profit grew 86% YoY to INR 201.5 Cr, the loss from other segments zoomed 3X to INR 100.4 Cr during the quarter.

Policybazaar’s insurance premium rose 36% to INR 6,616 Cr. “Steady growth continues for core new insurance premium (net of savings business) at 42% YoY for the quarter,” the company said.

PB Fintech claimed that the platform now holds 93% share in the insurance marketplace ecosystem. Policybazaar has sold 55.6 Mn policies to over 21.8 Mn transacting consumers to date.

Meanwhile, Paisabazaar recorded a loan disbursal ARR of INR 28K Cr at the end of the quarter. 

Besides reporting its Q1 results, the company said that its board approved the following transactions: 

• Grant of an unsecured loan of INR 300 Cr to Policybazaar
• Grant of an unsecured loan of INR 100 Cr to Paisabazaar

Both the investments are in line with the company’s IPO objectives.

Shares of PB Fintech ended today’s trading session 0.55% lower at INR 1,812.45 on the BSE.