PB Fintech's Q2 FY26 Revenue Up 38% to ₹1,614 Cr, PAT Jumps 165% to ₹135 Cr
PB Fintech's Q2 FY26 revenue grew 38% to ₹1,614 Cr, with PAT soaring 165% to ₹135 Cr, driven by strong insurance premium growth and improved margins.
The substantial growth in revenue and profit, along with margin expansion and positive contributions from new initiatives, indicates strong business momentum and could significantly influence investor sentiment and valuation.
The company reported robust financial performance for Q2 FY26, with significant year-on-year growth in revenue, PAT, and adjusted EBITDA. Key drivers include strong insurance premium growth, especially in new protection, and improved profitability across segments, including new initiatives becoming consistently profitable.
PB Fintech Limited's Board of Directors, in a meeting held on Wednesday, October 29, 2025, approved the un-audited standalone and consolidated financial results for the quarter and half year ended September 30, 2025. The company also released an earnings statement and press release summarizing the strong performance.Key highlights for Q2 FY26 (Year-on-Year): Total Insurance Premium annualized at ₹30,420 Cr, marking a 40% increase. Core Online Insurance Premium grew by 34%. New Protection (Health + Term Insurance) Premium saw a 44% rise. Operating Revenue reached ₹1,614 Cr, up 38%. Adjusted EBITDA surged by 180% to ₹156 Cr, with margins improving from 5% to 10%. Profit After Tax (PAT) grew by 165% to ₹135 Cr, representing 1.77% of the total insurance premium.Commenting on the results, the company noted: Total Insurance Premium for the quarter was ₹7,605 Cr, up 40% YoY and 15% Quarter-on-Quarter, driven by 44% YoY growth in the online new protection business, with health insurance growing at 60%. Consolidated operating revenue increased 38% YoY to ₹1,614 Cr, with Core Insurance revenue up 36% YoY. Core credit revenue, while down 22% YoY, showed a 4% QoQ growth, indicating it has bottomed out. Renewal/trail revenue on a 12-month rolling basis stood at ₹774 Cr, a 39% growth, primarily from the insurance segment (47% growth). The quarterly insurance renewal revenue is at an Annual Recurring Revenue (ARR) of ₹758 Cr. Core New Insurance Premium (net of Savings business) continues steady growth at 39% YoY. Customer onboarding and claims support services have improved, maintaining an Insurance CSAT of 90.5%. New initiatives demonstrated 61% YoY revenue growth, with Adjusted EBITDA margin improving from -12% to -4%. PB Partners, the agent aggregator platform, expanded to over 380,000 advisors across 19,000 pin codes. The UAE Insurance business grew 64% YoY and has been consistently profitable for three quarters.Since its public listing in November 2021, PB Fintech has seen: Revenue grow at a CAGR of 55% from ₹280 Cr in Q2 FY22 to ₹1,614 Cr in Q2 FY26. PAT margin improved significantly from -73% in Q2 FY22 to 8% in Q2 FY26.
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