PB Fintech shares in focus after Q4 net profit jumps 54% to Rs 261 crore; revenue up 36%

Shares of PB Fintech, the parent company of insurance marketplace Policybazaar, will be in focus heading into trade on Thursday after its net profit for the March quarter rose 54% to Rs 261 crore from Rs 169 crore a year ago.

The company reported a 36% year-on-year rise in operating revenue for the quarter to Rs 2,061 crore, up from Rs 1,507.8 crore in the same period last year. The growth was largely driven by a sharp increase in new insurance premium collections, which remains the group’s core business. For the full financial year, the Gurugram-based fintech posted operating revenue of Rs 7,166 crore, up from Rs 5,385 crore in the previous year.

Core renewal and trail revenue on a 12-month rolling basis stood at Rs 935 crore, compared with Rs 668 crore a year earlier. Quarterly core insurance renewal revenue reached an annualised run rate of Rs 1,126 crore, up from Rs 689 crore a year ago, while Q4 core insurance renewal revenue rose 63% year-on-year.


Credit revenue for the quarter came in at Rs 123 crore, up 7% from a year ago. Core online credit disbursals increased 11% to Rs 2,630 crore. Insurance customer satisfaction (CSAT) remained above 90%.

Marketing remained one of the company’s biggest expenses after employee costs. Marketing spend during the March quarter stood at Rs 370 crore, up from Rs 307 crore a year earlier. Employee expenses increased 37% to Rs 699.3 crore.

Policybazaar recorded total premiums of Rs 29,934 crore in FY26, marking a 42% increase from the previous year. The company also said newer initiatives such as PB Partners, its platform for retail insurance agents, continued to gain traction, with the agent network reaching 450,000.

For FY26, core online insurance premiums grew 39% year-on-year, while core online insurance premiums in Q4 rose 44% from a year earlier. Total lending disbursals for the year stood at Rs 30,740 crore, marking a 50% year-on-year increase, while core lending disbursals in Q4 grew 11%.

Consolidated profit after tax for FY26 jumped 115% year-on-year to Rs 670 crore. Margins improved to 10% in FY26 from 6% in FY25.

In the credit distribution segment operated through Paisabazaar, PB Fintech reported disbursals of Rs 31,000 crore in FY26. The number of credit cards issued during the year stood at 350,000.

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