PB Fintech Q2 results: Profit rises 43% to Rs 192 crore, revenue grows 35%

NEW DELHI: PB Fintech, the parent company of Policybazaar and Paisabazaar, reported a 43% year-on-year (YoY) rise in consolidated profit after tax (PAT) to Rs 192 crore in the second quarter of financial year 2026-27 (Q2FY27).The company’s operating revenue grew 35% YoY to Rs 2,178 crore during the quarter. Its PAT margin also improved to 9% from 8% in the corresponding quarter last year.PB Fintech’s total insurance premium increased 38% YoY to Rs 9,385 crore in Q2FY27, driven by a 42% rise in new protection premiums, which include health and term insurance. New health insurance premiums grew 46% during the quarter.At the same time, the fintech giant’s core online insurance premiums also recorded 38% growth year-on-year.Total lending disbursals stood at Rs 4,739 crore during the quarter, while core lending disbursals increased 22% YoY to Rs 2,791 crore.Revenue from core credit operations grew 19% YoY to Rs 125 crore. The company said core credit disbursals have increased sequentially for five consecutive quarters.PB Fintech’s core renewal and trail revenue on a 12-month rolling basis rose 42% YoY to Rs 1,097 crore, compared with Rs 774 crore in the same quarter last year. Growth in the core insurance segment stood at 56%.Quarterly core insurance renewal revenue stood at an annualised run rate (ARR) of Rs 1,153 crore, up 52% from Rs 758 crore in Q2FY26.The company said growth in core new insurance premiums, excluding the savings business, stood at 41% YoY. Including savings, core new insurance premiums grew 34% during the quarter. It added that growth excluding the savings category has remained above 34% for 14 consecutive quarters.PB Fintech also said its insurance customer satisfaction score (CSAT) remained above 90%, supported by improvements in customer onboarding and claims support services.PB Partners and international businessPB Partners, the company’s agent aggregator platform, now supports more than 5.7 lakh advisers. Its active partner count increased 55% YoY to 1.31 lakh in Q2FY27.The platform is present across 19,000 pin codes, covering 99% of pin codes in India. Tier 2 and Tier 3 markets contributed 76% of its overall gross written premium (GWP) during the quarter.PB Partners’ total premium grew 36% YoY to Rs 1,989 crore, excluding GST, while its revenue increased 39% to Rs 698 crore.In the UAE, insurance premiums grew 36% YoY during Q2FY27. The company said its UAE business is increasingly focusing on health and life insurance, in line with its India operations.Revenue from new initiatives increased 28% YoY. The quarterly adjusted EBITDA margin stood at -5%, while the contribution margin was 6%.PB Fintech also highlighted its growth since going public. Its revenue increased at a compound annual growth rate (CAGR) of 51%, rising from Rs 280 crore in Q2FY22 to Rs 2,178 crore in Q2FY27. During the same period, its PAT margin improved from -73% to 9%.