PB Fintech shares slip 2% after reporting Q1 results

Shares of PB Fintech, the parent company of Policybazaar and Paisabazaar, fell 2.3% to an intraday low of Rs 1,769.90 on BSE on Friday after the firm posted its Q1FY26 results. The company reported a 41% year-on-year (YoY) rise in consolidated net profit to Rs 85 crore for Q1FY26, up from Rs 60 crore in the year-ago period.

Consolidated operating revenue jumped 33% YoY to Rs 1,348 crore from Rs 1,010 crore. The company’s annualised insurance premium stood at Rs 26,463 crore, with core online insurance premium growing 35% YoY. New protection premium (Health + Term) rose 46%.

Renewal and trail revenue on a 12-month rolling basis increased 43% to Rs 725 crore, compared to Rs 506 crore a year ago. Quarterly renewal revenue for insurance reached an annualised run rate (ARR) of Rs 673 crore, up 47% YoY – identified by the company as a key long-term profit driver.


Core new insurance premium (net of the savings business) grew 42% YoY, maintaining a consistent ~40% growth range over the past nine quarters. While the health business remained strong, the new savings business was about 5% below last year’s level.

PB Fintech said it continues to enhance customer onboarding and claims support, with insurance CSAT (Customer Satisfaction Score) holding steady at 90%.

In the credit business, revenue stood at Rs 102 crore, with disbursals of Rs 2,095 crore in the core online segment. New initiatives posted ~50% YoY revenue growth. Adjusted EBITDA margin improved from -12% to -6%, contributing 5% to overall performance.

PB Partners, the company’s agent aggregator platform, continued to lead in scale and efficiency, with a network of over 3.5 lakh advisors.

Since its listing in November 2021, PB Fintech’s revenue has grown at a 54% CAGR, rising from Rs 238 crore in Q1 FY22 to Rs 1,348 crore in Q1 FY26. PAT margin improved from -47% to 6% during the same period.

PB Fintech Target Price

According to Trendlyne, the average target price for PB Fintech is Rs 1,871, indicating a 3% upside. Of the 22 analysts covering the stock, the consensus rating is ‘Hold’.

PB Fintech Stock Performance

On Thursday, PB Fintech shares closed 0.55% lower at Rs 1,812.4, while the Sensex declined 0.36%. The stock is down 14% year-to-date but has surged 287% over the past three years.

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