PB Fintech, the parent company of Policybazaar and Paisabazaar, has announced a strong financial performance for Q2 FY26. Revenue grew by 38% YoY, driven by new protection premiums, while PAT soared by 165%. The company highlighted improvements in customer onboarding, claim support services, and consistent CSAT scores of 90.5%. The fintech giant also reported significant growth in its PB Partners platform and profitable operations in its UAE business.
Financial Highlights for Q2 FY26
PB Fintech showcased substantial growth across its key metrics for the second quarter of fiscal year 2026:
- Annualized Insurance Premium: ₹30,420 Cr, up 40% YoY
- Core Online Insurance Premium: Increased by 34% YoY
- New Protection Premium (Health + Term): Rose by 44% YoY
- Operating Revenue: ₹1,614 Cr, a 38% YoY increase
- Adjusted EBITDA: Grew by 180% YoY to ₹156 Cr
- PAT: Increased by 165% to ₹135 Cr
Segment Performance & Growth Drivers
The company noted specific factors driving its robust performance:
- Total insurance premium for the quarter stood at ₹7,605 Cr, up 40% YoY and 15% QoQ.
- Renewal revenues continue to rise, with renewal/trail revenue on a 12-month rolling basis at ₹774 Cr.
- Core New Insurance Premium (excluding Savings business) exhibited steady growth at 39% YoY.
- Credit revenue for the quarter reached ₹106 Cr, with disbursal at ₹2,280 Cr for the core online business.
Strategic Initiatives
PB Fintech emphasized its strategic advancements:
- Strengthened New Initiatives contributed to revenue growth of 61% YoY.
- PB Partners consolidated its leadership, with over 380k advisors on the platform.
- UAE Insurance premium grew 64% YoY and is now consistently profitable for three quarters.
Performance Summary Since Public Listing
- Revenue grew at a CAGR of 55% from ₹280 Cr in Q2 FY22 to ₹1,614 Cr in Q2 FY26
- PAT margin improved from -73% in Q2 FY22 to 8% in Q2 FY26
Source: BSE