PB Fintech Limited Reports Impressive Q3 FY26 Financial Results
PB Fintech Limited, the parent company of popular platforms Policybazaar and Paisabazaar, has unveiled its financial results for the third quarter of the fiscal year 2026. The results underline the company’s robust growth and focus on insurance and credit sectors.
Significant Surge in Insurance Premiums
During the third quarter, PB Fintech recorded total insurance premiums of ₹7,965 crore, marking a remarkable 45% increase year-on-year and a 17% rise sequentially. This growth can largely be attributed to the expansion of their new online protection business, where premiums surged by 68% compared to the same period last year.
Growth in Health Insurance Premiums
The company’s commitment to protection-focused products is evident as new health insurance premiums experienced a substantial 79% growth year-on-year. Additionally, when excluding savings products, new core insurance premiums rose by 56%, signifying strong market demand. Overall growth, including savings, reached 36% year-over-year.
Robust Operating Revenue and Earnings
Operating revenue for the quarter surged by 37% year-on-year to ₹1,771 crore. Core insurance revenue saw an impressive growth of 42%, while core credit revenue displayed a gradual recovery, increasing by 8% quarter-over-quarter. The adjusted EBITDA for this quarter amplified by 154% to ₹199 crore, improving margin figures from 6% to 11% compared to the previous year.
Remarkable Growth in Profit After Tax
In a significant leap, PB Fintech reported a 165% increase in profit after tax (PAT), reaching ₹189 crore from ₹71 crore in Q3 FY25. The PAT margin improved to 11%, a direct reflection of the company’s efficient cost management. Notably, the PAT accounted for 2.38% of the total insurance premium for the quarter.
Explosive Growth in Loan Disbursements
The third quarter also showcased an outstanding 84% growth in loan disbursements, totaling ₹9,986 crore. The core online credit business contributed ₹2,470 crore in quarterly disbursements, while credit revenue stood at ₹115 crore, demonstrating a strong performance across financial services.
Expansion of Renewal Revenue and Advisor Network
One of the main drivers of PB Fintech’s enhanced profitability is the significant growth in renewal and tracking revenue, which reached ₹841 crore, a 38% increase from the previous year. The insurance segment led this expansion, with core insurance renewal revenue now annualized at ₹863 crore, indicating a thriving marketplace for their products.
International Growth and New Initiatives
On the international front, PB Fintech’s operations in the UAE have witnessed impressive momentum, achieving a 62% year-on-year premium growth. This growing segment is well-aligned with health and life insurance, similar to the Indian portfolio. Additionally, new initiatives have also shown great potential with revenue increasing by 41% year-over-year, while the adjusted EBITDA margin steadily improved.
Overall, PB Fintech Limited’s dynamic growth trajectory in Q3 FY26 highlights its strong positioning in the insurance and credit markets, underscoring its potential for future expansion and profitability.