PB Fintech Posts 115% Increase in Net Profit, Rs 670 Crore in FY26, Revenue Up 37%

PB Fintech Reports 54% Growth in Net Profit for Q4FY26

PB Fintech, the Gurugram-based online insurance marketplace, reported a significant growth in its financial performance for the March quarter of FY26. The company's net profit for the quarter stood at Rs 261 crore, representing a 54 percent increase from the corresponding quarter of the previous financial year.

In terms of revenue, PB Fintech's revenue from operations grew 37 percent year-on-year (Y-o-Y) to Rs 2,061 crore during Q4FY26. The company's overall revenue for FY26 was up by 37% to Rs 6,794 crores.

PB Fintech's Insurance Business Sees Strong Growth

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The company's total insurance premium stood at Rs 9,217 crore, with new core online insurance premiums growing by 44 percent and new protection premiums, including health and term insurance, growing by 67 percent. The overall insurance premium grew 42% YoY to Rs 29,934 Cr, led by new protection premium at 57% YoY in FY26.

The company attributed the strong growth to its core online insurance business, particularly health insurance, which continued to see robust customer demand.

Paisabazaar Sees Mixed Performance

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PB Fintech's lending business under Paisabazaar continued to remain mixed, although signs of recovery emerged in the core online segment. Paisabazaar saw a 7 percent growth year-on-year in credit revenue during the quarter, while core online credit disbursals grew 11 percent year-on-year to Rs 2,630 crore.

Improved Profitability

The company's adjusted EBITDA (excluding ESOP costs) rose 89 percent year-on-year to Rs 280 crore in Q4FY26 from Rs 148 crore a year ago. EBITDA increased 95 percent to Rs 218 crore from Rs 112 crore in the same quarter last year, while profit margin improved from 11 percent to 13 percent.

For the full financial year FY26, PB Fintech's adjusted EBITDA (excluding ESOP costs) grew 118 percent year-on-year to Rs 725 crore from Rs 332 crore in FY25.

Renewal and Trail Revenue Sees Growth

PB Fintech said its renewal and trail revenue on a 12-month rolling basis rose 40 percent year-on-year to Rs 935 crore, driven by growth in the insurance segment. The quarterly core insurance renewal revenue reached an annual run rate of Rs 1,126 crore.