PB Fintech Ltd — parent of PolicyBazaar and Paisabazaar — posted a consolidated net profit of ₹85 crore in Q1 FY26, marking a 41% year-on-year growth compared to ₹60 crore in Q1 FY25
Solid Revenue Growth and Business Drivers
- Operating revenue rose 33% YoY to ₹1,348 crore, up from ₹1,010 crore in the previous year
- Insurance premiums soared, with online health and term insurance premiums rising ~46% and core online insurance premium up ~35%
- Renewal and trail revenue hit an annualized run rate of ₹725 crore, up 43%, contributing to sustainable long-term margins .
- The credit marketplace business revenue declined ~22% to ₹102 crore due to regulatory restrictions; disbursals stood at ₹2,095 crore .
Emerging Business Trends & Strategic Moves
- PB Fintech’s adjusted EBITDA margin improved, supported by a 50% growth in new initiatives with negative EBITDA narrowing from –12% to –6%, improving business diversification .
- The company’s UAE insurance business delivered profitability for the second straight quarter, supported by cross-border health offerings and motor claims assurance products .
- Despite strong fundamentals, shares slipped ~2.3% in response to investor profit booking following the earnings news .
✅ Key Financial Metrics
| Metric | Q1 FY26 / YoY Change |
|---|---|
| Revenue | ₹1,348 crore (+33% YoY) |
| Net Profit (PAT) | ₹85 crore (+41%) |
| Primary Revenue Source | Insurance broking (~88% of operating revenue) |
| Insurance Premium Growth | Core +35%, New protection +46% |
| Renewal Revenue ARR | ₹725 crore (+43%) |
| Credit Marketplace Revenue | ₹102 crore (-22%) |
| Adj. EBITDA Margin | Improved to –6% |
| Share Price Reaction | Down ~2.3% after earnings release |
Why It Matters
PB Fintech’s latest results reflect strong growth momentum in India’s digital insurance sector, especially in health and term coverage. The firm continues to deliver consistent quarterly profits and is expanding in new verticals, including secured lending and Middle East markets.
The focus on renewal-driven revenue and diversified income streams positions it well for sustained profitability, although the credit segment remains constrained by tightening lending regulations. The slight market correction reflects cautious sentiment, despite earnings beating expectations.
