PB Fintech Q2: Profit Skyrockets 165% YoY To INR 135 Cr

SUMMARY

On a sequential basis, profit grew 60% from INR 84.7 Cr

PB Fintech's operating revenue zoomed 38% YoY and 20% QoQ to INR 1,613.6 Cr during the quarter under review

Adjusted EBITDA zoomed 180% YoY to INR 156 Cr and adjusted EBITDA margin improved 500 basis points to 10%

PolicyBazaar parent PB Fintech’s net profit surged to INR 134.9 Cr in Q2 FY26, up 165% from INR 51 Cr in the year-ago quarter, on the back of a robust growth in its top line and improvement in margins. On a sequential basis, profit grew 60% from INR 84.7 Cr.

PB Fintech’s operating revenue zoomed 38% YoY and 20% QoQ to INR 1,613.6 Cr during the quarter under review. Including other income of INR 84.5 Cr, total income for the quarter stood at INR 1,698.1 Cr.

Total expenses rose 28% YoY to INR 1,558.8 Cr.

Meanwhile, adjusted EBITDA grew 180% YoY to INR 156 Cr and adjusted EBITDA margin improved 500 basis points to 10%.

Policybazaar raked in a revenue of INR 1,428.2 Cr, up 43% YoY, during the quarter. Revenue of its other verticals, including Paisabazaar, PB Pay, PB Partners, DocPrime, improved 11% YoY to INR 185.4 Cr. While Policybazaar’s profit zoomed 117% YoY to INR 188.3 Cr, the loss of other segments jumped 105% YoY to INR 37 Cr.

Policybazaar’s total insurance premium for the quarter increased 40% YoY to INR 7,605 Cr. This growth was led by its online new protection business, which zoomed 44% YoY.

Policybazaar’s total registered customers stood at 12.02 Cr at the end of the September quarter.

Credit business Paisabazaar’s transacting customers stood at 68 Lakh at the end of the quarter. Total disbursement stood at INR 8,570 Cr during the quarter, up 102% YoY.

Beyond credit, the company is looking to build its fintech offering PB Money into a holistic financial wellness platform. In Q1 FY26, it launched FDs and bonds on the platform. Now, it plans to introduce a 360-degree view of consumer’s financial health. PB Money has served 7 Lakh customers till date.

PB Fintech’s agent aggregator platform PB Partners’ total membership grew to 3.8 Lakh advisors. The platform has now expanded its presence to 19,000 pin codes, covering 99% pin codes in India.

Meanwhile, the premium from its insurance business in the UAE grew 64% YoY, similar to its India business. “We have a unique value proposition of cross-border health insurance products & claims assurance programs for motor insurance. This business is now consistently profitable for three quarters,” the company said.

Shares of PB Fintech ended today’s trading session 2.9% lower at INR 1,722.90 on the BSE.