PB Fintech Q2 Results FY27: PB Fintech Ltd, the parent company of Policybazaar and Paisabazaar, on Friday reported a 43 per cent year-on-year (YoY) increase in consolidated profit after tax (PAT) to Rs 192.39 crore for the second quarter of the financial year 2026-27 (Q2 FY27), compared with Rs 134.89 crore in the corresponding quarter last year.
The company’s consolidated revenue from operations increased 35 per cent YoY to Rs 2,177.71 crore in Q2 FY27, against Rs 1,613.55 crore in Q2 FY26.
According to the company’s exchange filing, total income, including other income, stood at Rs 2,277.56 crore during the quarter, compared with Rs 1,698.06 crore in the year-ago period.
PB Fintech Q2 FY27: Key financial highlights
The company’s total expenses increased to Rs 2,067.66 crore in Q2 FY27 from Rs 1,558.82 crore in Q2 FY26.
Profit before tax (PBT) stood at Rs 205.41 crore, up from Rs 142.06 crore in the corresponding quarter of the previous financial year. After accounting for taxes of Rs 13.02 crore, the company’s profit for the quarter came in at Rs 192.39 crore.
The company’s basic earnings per share (EPS) increased to Rs 4.16 in Q2 FY27 from Rs 2.94 in Q2 FY26, while diluted EPS stood at Rs 4.13 against Rs 2.89 a year ago.
PB Fintech Q2 FY27: Insurance premium grows 38%
PB Fintech’s total insurance premium increased 38 per cent YoY to Rs 9,385 crore during the quarter.
The growth was led by its core online insurance business, with core online insurance premium rising 38 per cent YoY. New protection premium, comprising health and term insurance, grew 42 per cent.
The company said new health insurance premium increased 46 per cent YoY. Core new insurance premium, excluding the savings business, registered 41 per cent growth during the quarter.
Including the savings category, core new insurance premium grew 34 per cent YoY. The company added that it has maintained growth of more than 34 per cent in core new insurance premium, excluding savings, for 14 consecutive quarters.
PB Fintech also reported that its core renewal and trail revenue on a 12-month rolling basis increased 42 per cent to Rs 1,097 crore, compared with Rs 774 crore in the corresponding period last year.
Quarterly core insurance renewal revenue stood at an annualised run rate (ARR) of Rs 1,153 crore, up 52 per cent from Rs 758 crore in Q2 FY26.
The company said it continued to improve customer onboarding and claims support services, with its insurance customer satisfaction score (CSAT) remaining above 90 per cent.
PB Fintech lending business: Disbursals rise 22%
Total lending disbursals stood at Rs 4,739 crore during Q2 FY27. Core lending disbursals increased 22 per cent YoY to Rs 2,791 crore.
The company’s core credit revenue grew 19 per cent YoY to Rs 125 crore during the quarter. PB Fintech said its core credit disbursals have recorded sequential growth for five consecutive quarters.
Consolidated operating revenue from core insurance increased 42 per cent YoY, while core credit revenue grew 19 per cent.
PB Partners business performance
PB Partners, the company’s agent aggregator platform, now supports more than 5.7 lakh advisors. Its active partner count increased 55 per cent YoY to 1.31 lakh in Q2 FY27.
The platform is present across 19,000 pin codes, covering 99 per cent of India’s pin codes. Tier-2 and Tier-3 markets contributed 76 per cent of its overall gross written premium (GWP) during the quarter.
PB Partners’ total premium grew 36 per cent YoY to Rs 1,989 crore, excluding GST, while its revenue increased 39 per cent to Rs 698 crore.
The company also reported that its UAE insurance premium increased 36 per cent YoY during the quarter. Its UAE business is increasingly focusing on health and life insurance, alongside cross-border health insurance products and a claims assurance programme for motor insurance.
New initiatives and profitability
Revenue from new initiatives increased 28 per cent YoY during Q2 FY27. The quarterly adjusted EBITDA margin stood at minus 5 per cent, while the contribution margin was 6 per cent.
PB Fintech’s performance since listing
Highlighting its growth since going public, PB Fintech said its revenue had increased at a compound annual growth rate (CAGR) of 51 per cent, from Rs 280 crore in Q2 FY22 to Rs 2,178 crore in Q2 FY27.
The company’s PAT margin also improved significantly, moving from minus 73 per cent in Q2 FY22 to 9 per cent in Q2 FY27.
For the latest quarter, PAT margin increased to 9 per cent from 8 per cent in Q2 FY26. The company said its consolidated PAT represented around 2 per cent of its total insurance premium.