PB Fintech Reports Strong Q2 FY26 Growth, Consolidated PAT up 165%; Discusses GST Impact and Future Strategy
PB Fintech reported a strong Q2 FY26 with 40% premium growth and 165% PAT increase. Management discussed GST impact, robust performance in new initiatives, and strategic plans for Pensionbazaar and PB Money, emphasizing growth over quarterly margins.
This announcement details comprehensive Q2 FY2025-26 financial results, including strong revenue and profit growth, and provides strategic insights into key business segments, management's outlook, and the impact of regulatory changes (GST). Such detailed updates are critical for investor decision-making.
The company reported significant growth in total premium (40% YoY) and consolidated PAT (165% YoY), alongside improved margins. Strategic initiatives like PB Partners and the UAE business are showing strong growth and profitability, indicating robust operational performance and a positive outlook.
PB Fintech Limited has released the transcript of its Q2 FY2025-26 Earnings Call, held on October 29, 2025. Key highlights from the call include: * Total premium for the quarter reached ₹7,605 Cr, marking a 40% year-on-year (YoY) and 15% quarter-on-quarter (QoQ) growth. * The online protection business grew 44% YoY, with Health insurance growing 60% YoY, despite a GST change announced in September. * Consolidated revenue increased 38% YoY to ₹1,614 Cr. Core Insurance revenue was up 36% YoY, while Core Credit revenue, though down 22% YoY, showed a 4% QoQ increase, indicating a bottoming out. * Renewal trail revenue on a 12-month rolling basis stood at ₹774 Cr. Quarterly insurance renewals revenue reached an Annual Run Rate (ARR) of ₹758 Cr, up from ₹516 Cr in Q2 last year. * New initiatives saw a revenue growth of 61% YoY, with adjusted EBITDA margins improving from -12% to -4%. * PB Partners, the agent aggregator platform, continues to consolidate its leadership with over 380,000 advisors and accelerating growth from Tier 4 and Tier 5 towns. * The UAE insurance premium grew 64% YoY and has been consistently profitable for three quarters. * Consolidated Profit After Tax (PAT) grew 2.65 times (165% YoY) to ₹135 Cr, with margins improving from 4% to 8%. * Since its public listing in Q2 FY22, the company's revenue has grown approximately 6x to ₹1,614 Cr, a CAGR of 55%, with PAT margin improving from -73% to 8%. * Management addressed the impact of GST changes, noting strong demand post-cuts and constructive discussions regarding commissions. They reiterated a focus on growth over short-term margin fluctuations. * Updates on Pensionbazaar and PB Money indicated both are at the 'drawing board stage' with no significant investments or losses expected for at least a year, but the company remains deeply committed to solving problems in these areas. * The company aims to increase Health renewal rates and in Term insurance, increase the sum assured, leveraging the GST changes.
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PB Fintech Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by PB Fintech Limited. Read the original for the full detail.