PB Fintech Reports 38% Revenue Growth and 165% PAT Increase in Q2 FY26
PB Fintech reported Q2 FY26 revenue of ₹1,614 Cr (up 38%) and PAT of ₹135 Cr (up 165%), driven by 40% growth in insurance premium. New initiatives and UAE business also performed strongly.
The robust Q2 FY26 financial results, marked by substantial revenue and profit growth, indicate strong operational execution and market traction. This performance is likely to have a high positive impact on investor confidence and the company's valuation.
The company reported strong financial performance with significant year-on-year growth in operating revenue (38%), PAT (165%), and insurance premium (40%). Improvement in EBITDA margins and profitability of new initiatives further contribute to a positive outlook.
* PB Fintech Limited's Board of Directors, at its meeting on Wednesday, October 29, 2025, approved the un-audited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2025. * For Q2 FY26, the company reported significant growth: * Total Insurance Premium annualized at ₹30,420 crore, up 40% year-on-year (YoY). * Operating Revenue grew 38% YoY to ₹1,614 crore. * Adjusted EBITDA increased 180% YoY to ₹156 crore, with margins improving from 5% to 10%. * Profit After Tax (PAT) surged 165% to ₹135 crore. * Key growth drivers include: * Core Online Insurance Premium up 34%. * New Protection (Health + Term Insurance) Premium up 44% YoY. * Total Insurance Premium for the quarter was ₹7,605 crore, up 40% YoY and 15% quarter-on-quarter (QoQ), with online new protection business growing at 44% YoY (health insurance at 60%). * Renewal/trail revenue on a 12-month rolling basis reached ₹774 crore, a 39% growth, led by a 47% increase in the insurance segment. Quarterly insurance renewal revenue stands at an Annual Run Rate (ARR) of ₹758 crore. * New initiatives showed strong performance, with revenue growth of 61% YoY and Adjusted EBITDA margin moving from -12% to -4%. * PB Partners, the agent aggregator platform, expanded to over 380k advisors, covering 99% of pin codes in India. * UAE Insurance premium grew 64% YoY and has been consistently profitable for three quarters. * Core credit revenue, though down 22% YoY, showed signs of bottoming out with a 4% QoQ growth, reaching ₹106 crore in revenue and ₹2,280 crore in disbursal for the core online business. * For H1 FY26, consolidated PAT grew 214% YoY to ₹220 crore, with total revenue up 36% to ₹2,962 crore and total insurance premium up 38% to ₹14,221 crore. * The company highlighted consistent and significant growth in Revenue and PAT since its public listing in November 2021, with revenue growing at a CAGR of 55% from Q2 FY22 to Q2 FY26, and PAT margin improving from -73% to 8% in the same period.
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