PB Fintech Q2 profit rises 43% to ₹192.39 Cr as revenue grows 35%
Policybazaar's parent reported higher profit and revenue for the September quarter, led by health and term insurance.
The 30-second read
- PB Fintech's Q2 FY27 net profit rose about 43% to Rs 192.39 crore from Rs 134.89 crore.
- Revenue from operations grew 35% to Rs 2,178 crore, and total insurance premium rose 38% to Rs 9,385 crore.
- The stock ended at ₹1,000 on BSE, down 1.76%, after a sharp fall in recent months.
IllustrationPB Fintech, the parent of Policybazaar and Paisabazaar, reported Q2 FY27 consolidated results. Net profit climbed about 43% year on year to Rs 192.39 crore, compared with Rs 134.89 crore in the same quarter of the previous year. Operating revenue was up 35% at Rs 2,178 crore, versus Rs 1,614 crore before. CNBC-TV18 reported that the results came on Friday, October 30.
Total insurance premium rose 38% to Rs 9,385 crore. New protection premium, which covers health and term, grew 42%. New health insurance premium was up 46%. Yashish Dahiya, group CEO of PB Fintech, leads the company. EBITDA rose 69.2% to ₹165.5 crore from ₹97.8 crore, with margin at 7.6% against 6.1%, as first reported by CNBC-TV18.
Entrackr first reported the revenue split. Insurance broker services brought in Rs 2,015.19 crore, up 41.1%, while other services fell 12.3% to Rs 162.52 crore. Entrackr also reported that total expenses rose 32.6% to Rs 2,067.66 crore, with advertising up 59.5% to Rs 447 crore. For the first half, revenue was up 37.3% to Rs 4,066 crore and PAT up 61.4% to Rs 355 crore.
The share ended at ₹1,000 on BSE, down 1.76%, giving a market cap of Rs 47,104 crore. Shares have fallen sharply since the end of Q1 FY27, including after Bernstein warned of near-term pain following an IRDAI draft paper.
Why it matters
Demand for health and term cover is growing, and PB Fintech reaches 99% of India's pin codes through PB Partners. The results matter to insurance buyers, its advisors and shareholders, who have seen the stock fall.
The data
| Metric | Q2 FY27 | Year earlier |
|---|---|---|
| Net profit | Rs 192.39 crore | Rs 134.89 crore |
| Revenue from operations | Rs 2,178 crore | Rs 1,614 crore |
| EBITDA | ₹165.5 crore | ₹97.8 crore |
| EBITDA margin | 7.6% | 6.1% |
