PB Fintech Ltd, the parent of Policybazaar and Paisabazaar, on Friday (October 30) reported a 42.7% year-on-year (YoY) increase in consolidated net profit to ₹192.5 crore for the second quarter of FY27, compared with ₹134.9 crore in the year-ago period. Revenue from operations rose 35% to ₹2,178 crore from ₹1,614 crore.
Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 69.2% YoY to ₹165.5 crore from ₹97.8 crore. EBITDA margin expanded to 7.6% from 6.1% a year earlier. The company’s profit after tax (PAT) margin improved to 9% from 8% in the corresponding quarter last year.
Total insurance premium grew 38% YoY to ₹9,385 crore during the quarter. Core online insurance premium also increased 38%, while new protection premium, comprising health and term insurance, rose 42%.
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New health insurance premium grew 46% YoY. Total lending disbursals stood at ₹4,739 crore for the quarter, while core lending disbursals increased 22% YoY to ₹2,791 crore.
Core insurance and credit business
Core insurance revenue increased 42% YoY, while core credit revenue grew 19% to ₹125 crore in Q2FY27. The company’s core renewal and trail revenue, on a 12-month rolling basis, stood at ₹1,097 crore, compared with ₹774 crore in the same quarter last year, marking a 42% increase. This growth was led by a 56% rise in the core insurance segment.
Quarterly core insurance renewal revenue was at an annualised run rate (ARR) of ₹1,153 crore, up 52% from ₹758 crore in Q2FY26.
Core new insurance premium, excluding the savings business, grew 41% YoY. Including the savings category, core new insurance premium increased 34%. The company said it has recorded growth of more than 34% in this category for 14 consecutive quarters.
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PB Fintech said insurance customer satisfaction (CSAT) remained above 90%, with continued improvements in customer onboarding and claims support services.
Core credit revenue increased 19% YoY to ₹125 crore, while core credit disbursals rose 22% to ₹2,791 crore. The company said core credit disbursals have grown sequentially for five consecutive quarters.
PB Partners and UAE business
PB Partners, the company’s agent aggregator platform, now supports more than 5.7 lakh advisors. Its active partner count increased 55% YoY to 1.31 lakh in Q2FY27.
The platform is present in 19,000 pin codes across India, covering 99% of the country’s pin codes. 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 ₹1,989 crore, excluding goods and services tax (GST), while revenue increased 39% to ₹698 crore.
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The company’s UAE insurance premium grew 36% YoY in Q2FY27, with the business increasingly aligned towards health and life insurance, similar to its India operations. PB Fintech said it offers cross-border health insurance products and a claims assurance programme for motor insurance.
Revenue from new initiatives grew 28% YoY. The quarterly adjusted EBITDA margin for these initiatives stood at -5%, while the contribution margin was 6%.
Growth since listing
Since its public listing, PB Fintech’s revenue has grown at a compound annual growth rate (CAGR) of 51%, from ₹280 crore in Q2FY22 to ₹2,178 crore in Q2FY27. Its PAT margin improved from -73% in Q2FY22 to 9% in Q2FY27.
Shares of PB Fintech Ltd ended at ₹1,000.00, down by ₹17.90, or 1.76%, on the BSE.
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