Market Performance
In Thursday’s session, PB Fintech share price gained traction after the company posted stellar Q2 FY26 results. The stock climbed 3.76% to close at ₹1,787.75, outpacing broader market sentiment.
Investors cheered the company’s sharp jump in profitability and solid operational performance across insurance and credit segments, signaling resilience amid a volatile stock market today.
Main News
PB Fintech — the parent company of Policybazaar and Paisabazaar — delivered a blockbuster quarter.
The company’s consolidated net profit surged 164.59% YoY to ₹134.87 crore in Q2 FY26, compared with ₹50.98 crore in the same quarter last year.
This performance marks one of the strongest quarterly earnings since listing, reflecting the strength of its digital-first insurance platform.
- Profit Before Tax (PBT): ₹142.06 crore ↑ 135.74% YoY
- Revenue from Operations: ₹1,613.55 crore ↑ 38.23% YoY
- Adjusted EBITDA: ₹156 crore ↑ 178.57% YoY
- EBITDA Margin: 10% (vs 5% last year)
Company Details
Revenue Performance
PB Fintech’s operating revenue stood at ₹1,613.55 crore, a 38.23% jump YoY from ₹1,167.23 crore in Q2 FY25.
Growth was led primarily by the insurance business, even as the credit vertical showed signs of stabilization.
- Core Insurance Revenue: ↑ 36% YoY
- Core Credit Revenue: ↓ 22% YoY (steadying trend)
EBITDA and Margins
The company reported a remarkable improvement in profitability metrics.
Adjusted EBITDA grew from ₹56 crore to ₹156 crore, marking a 178.57% surge YoY.
EBITDA margin expanded to 10%, doubling from 5% in the same quarter last year — a clear reflection of cost discipline and scale benefits.
Net Profit and PBT
A net profit of ₹134.87 crore for Q2 FY26 highlights the company’s strong operating leverage.
Profit Before Tax came in at ₹142.06 crore, compared with ₹60.26 crore in Q2 FY25 — a jump of 135.74%.
Core Business Highlights
PB Fintech’s core online business revenue reached ₹5,263 crore, up 34.19% YoY.
Its contribution margin improved to 45% from 42%, reflecting stronger unit economics.
Insurance Premiums and Renewals
Total insurance premiums for the quarter touched ₹7,605 crore, a 40% YoY increase, driven mainly by 60% growth in health insurance.
Renewal and trail revenue on a 12-month rolling basis climbed to ₹774 crore, up 39% from ₹556 crore last year.
- Quarterly insurance renewal ARR: ₹758 crore (vs ₹516 crore in Q2 FY25)
- Core new insurance premium: ↑ 39% YoY (excluding savings business)
The savings segment faced a softer patch due to last year’s high base, but non-savings insurance premiums continued steady 35-45% growth over the past ten quarters.
Customer Metrics
Customer experience remained robust, with Insurance CSAT at 90.5%, underscoring the company’s focus on improved onboarding and claims support.
Credit Business
PB Fintech’s credit revenue for the quarter stood at ₹106 crore, with total disbursals of ₹2,280 crore from its core online platform.
While credit revenue saw a modest decline, operational stability hints at a gradual recovery trend.
About the Company
PB Fintech Ltd. is the parent entity of Policybazaar.com and Paisabazaar.com — digital marketplaces offering insurance and lending products.
The company specializes in online marketing, consulting, and support services for India’s financial services industry, focusing on simplifying access to insurance and credit for millions of customers.
Summary
Q2 FY26 marked a turning point for PB Fintech — from scale to profitability.
With profits surging over 165% YoY and margins expanding, the company has showcased its ability to deliver sustainable growth.
Despite minor headwinds in credit, the insurance vertical continues to power overall performance.
Key Takeaways:
- Net profit up 165% YoY to ₹134.87 crore
- Revenue rose 38% YoY to ₹1,614 crore
- Adjusted EBITDA surged 179% to ₹156 crore
- Insurance premium growth of 40% YoY driven by health segment
- CSAT at 90.5% reflects strong customer trust
The PB Fintech share price reaction mirrors investor confidence in the company’s digital-led, scalable business model — a key story shaping sentiment in the stock market today.
