PB Fintech Q2 FY27 revenue up 35% to Rs 2,178 crore

PB Fintech, the parent company of Policybazaar and Paisabazaar, reported a 35% year-on-year increase in revenue from operations to Rs 2,178 crore in Q2 FY27 from Rs 1,614 crore in the corresponding quarter last fiscal.

The Gurugram-based company's net profit increased 43% to Rs 193 crore in Q2 FY27 from Rs 135 crore in Q2 FY26, according to filings with the stock exchanges.

Revenue from insurance broker services, the company's largest revenue contributor, grew 41.1% to Rs 2,015.19 crore from Rs 1,428.16 crore. Meanwhile, revenue from other services declined 12.3% to Rs 162.52 crore from Rs 185.39 crore.

Its total insurance premium during the quarter rose 38% to Rs 9,385 crore, led by growth in core online new protection business at 42%, it said.

On the expense front, PB Fintech's total expenses increased 32.6% to Rs 2,067.66 crore in Q2 FY27.

Employee benefit expenses, the company's largest expense component, grew 28.8% to Rs 773 crore. Advertising expenses surged 59.5% to Rs 447 crore, while network and internet expenses increased 65.1% to Rs 70.75 crore. Depreciation and amortisation expenses stood at Rs 43.78 crore.

Other expenses rose 21.8% to Rs 733 crore during the quarter.

PB Fintech said that its core credit revenue during the quarter ended September increased 19% to Rs 125 crore with core disbursal at Rs 2,791 crore, up 22%.

"Core credit disbursal is growing sequentially for the last five consecutive quarters," it noted.

The company also said that that its UAE insurance premium increased 36% year-on-year aligning more towards health & life insurance, similar to our India business. 

"We have unique value proposition of cross-border health insurance products and claims assurance program for motor insurance," it added.

For the first half of FY27, the company's revenue from operations increased 37.3% to Rs 4,066 crore from Rs 2,962 crore in the corresponding period last year. Its profit after tax jumped 61.4% to Rs 355 crore from Rs 220 crore.