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PB Fintech, the parent company of Policybazaar and Paisabazaar, reported a strong financial performance in Q2 FY27, with consolidated revenue registering a healthy year-on-year growth alongside a 43% increase in net profit compared to the corresponding quarter last year. The company’s revenue from operations grew 35% to Rs 2,178 crore in Q2 FY27 from Rs 1,614 crore in Q2 FY26, according to its consolidated financial statements filed with the stock exchanges. In terms of revenue composition, insurance broker services contributed Rs 2,015.19 crore to the company’s revenue, up 41.1% year on year from Rs 1,428.16 crore. Revenue from other services declined 12.3% to Rs 162.52 crore from Rs 185.39 crore. On the expense front, Employee benefits, the company’s largest expense, increased 28.8% to Rs 773 crore. Advertising expenses surged 59.5% to Rs 447 crore, while network and internet costs jumped 65.1% to Rs 70.75 crore. Depreciation and amortisation stood at Rs 43.78 crore. Other expenses rose 21.8% to Rs 733 crore. Consequently, the company’s total expenses increased 32.6% to Rs 2,067.66 crore in Q2 FY27. The Gurugram-based company’s net profit stood at Rs 193 crore, compared to Rs 135 crore in Q2 FY26. For the first half of FY27, the company’s revenue from operations increased 37.3% to Rs 4,066 crore, compared with Rs 2,962 crore in the corresponding period last year. Its profit after tax surged 61.4% to Rs 355 crore from Rs 220 crore in the same period. Since the end of Q1 FY27, PB Fintech’s share price has declined 38.3% to Rs 1,000 from Rs 1,620. Its market capitalisation also fell 37.2% to Rs 47,104 crore from Rs 74,957 crore during the same period.
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