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PB Fintech’s consolidated net profit jumped 42.5% to ₹192.4 Cr in the September quarter of FY27 from ₹135 Cr in the same quarter last year. Operating revenue increased almost 35% YoY and 15% QoQ to ₹2,177.7 Cr in the quarter under review The insurtech company’s total expenses stood at ₹2,067.7 Cr in the September quarter PB Fintech’s consolidated net profit zoomed 42.5% to ₹192.4 Cr in the second quarter (Q2) of the fiscal year 2026-27 (FY27), up from ₹135 Cr in the same quarter last year. Sequentially, the company’s net profit rose 18% from ₹163 Cr. The jump in the bottom line came on the back of operating revenue rising almost 35% to ₹2,177.7 Cr in the quarter under review as against ₹1,613.6 Cr in Q2 FY26. On a quarter-on-quarter (QoQ), the top line jumped 15% from ₹1,888.3 Cr in Q1 FY27. Including other income of ₹100 Cr, PB Fintech’s total income for the quarter stood at ₹2,277.6. Meanwhile, the insurtech company’s total expenses rose 32.6% to ₹2,067.7 Cr in the September 2026 quarter as against ₹1,558.8 Cr in Q2 FY26. Giving a segment-wise breakdown of its results, PB Fintech’s core online business, which includes Policybazaar and Paisabazaar, contributed a revenue of ₹1,336 Cr during the quarter under review, up 39.5% YoY. On the other hand, the new initiatives arm added ₹842 Cr to the total revenue tally, up 28% YoY. In its investor presentation, the company also noted that its adjusted EBITDA profitability further improved by 39% to ₹216 Cr in Q2 FY27, while adjusted EBITDA margins stayed flat YoY at 10%. On the operational front, PB Fintech’s total insurance premium stood at ₹9,385 Cr in Q2 FY27, growing 38% YoY. The jump came on the back of broad-based growth in both core online new protection and new protection (which include both health and term insurance) premiums at 38% and 42% YoY, respectively. The company also said that its core renewal/ trail revenue on a 12-month rolling-basis stood at ₹1,097 Cr in Q2 FY27, up 41.7% from ₹774 Cr in the year-ago quarter. On a quarterly annualised basis, core insurance renewal revenue reached ₹1,153 Cr, up 52% YoY. PB Fintech also said that Policybazaar has onboarded 17.3 Cr registered customers and nearly 3 Cr transacting users to date. It also claims to have facilitated the sale of 7.7 Cr insurance policies since its inception. On the flip side, Paisabazaar’s loan disbursals tanked 80% to ₹4,739 Cr in the quarter under review as against ₹8,570 in Q2 FY26. The vertical also clocked an annualised run rate of 4 Lakh for card issuances during the quarter ended September 2026. On the operational front, Paisabazaar expanded to 6.3 Cr users who have checked their credit scores, with 82 Lakh transacting customers to date. The vertical also logged 33 Lakh average monthly enquiries in Q2 FY27. Besides its flagship platforms, PB Fintech’s partner enablement platform, PB Partners, expanded to over 5.7 Lakh partners across nearly 19,000 pincodes. Its corporate insurance arm also booked 22,000 unique policies for enterprises and small businesses in Q2 FY27. Shares of PB Fintech closed Friday’s trading session 1.76% lower at ₹1,000 apiece on the BSE.
document fetched 2026-10-31 02:56 · canonical https://inc42.com/buzz/pb-fintech-q2-pat-jumps-42-to-%e2%82%b9192-cr-revenue-increases-35