PB Fintech, operator of Policybazaar and Paisabazaar, recorded a 43% rise in consolidated net profit to Rs 192.4 crore in Q2 FY27, with revenue increasing 35% to Rs 2,177.7 crore. Growth was primarily fueled by its insurance brokerage business, while credit services showed weaker performance.
- Q2 profit rises 43% YoY to Rs 192.4 crore
- Insurance premiums and revenue grow strongly; credit business contracts
- Expenses climb 33%, led by employee costs and advertising
What happened
PB Fintech’s consolidated net profit for Q2 FY27 jumped 43% year-on-year to Rs 192.4 crore, up from Rs 134.9 crore the previous year. Revenue from operations increased 35% to Rs 2,177.7 crore, driven largely by the insurance brokerage segment, which contributed Rs 2,015.2 crore or 93% of total revenue.
The insurance business saw total premiums rise 38%, fueled by a 42% increase in new protection premiums including health and term insurance. Meanwhile, the credit business led by Paisabazaar grew revenue by 18% to Rs 125 crore but experienced a steep 46% fall in loan disbursals. New initiatives across various PB Fintech products also supported revenue growth.
Why it matters
The strong performance in the insurance brokerage business highlights continued market traction for PB Fintech’s core platform Policybazaar, helping the company expand its consumer base to over 172 million registered users and nearly 30 million transacting customers. The significant increase in premiums and policies sold underscores the platform’s pivotal role in India's digital insurance ecosystem.
Conversely, the slowdown in credit disbursals at Paisabazaar points to challenges in the lending environment or business model, which could impact future revenue growth from the credit segment. Rising operational costs, especially in employee benefits and advertising, will require sustained revenue momentum to maintain profitability.
What to watch next
Market participants should closely monitor how PB Fintech navigates the credit market headwinds, particularly if Paisabazaar can reverse the decline in loan disbursals or increase monetization from its user base. Progress and profitability from the newer initiatives such as PB Partners and PB Pay will also be key to diversify revenue streams beyond the insurance and lending verticals.
Increased spending on advertising and network expenses suggests PB Fintech aims to support growth and platform engagement, but future quarters will reveal if these investments translate to stronger consumer acquisition and retention amid competition in India’s fintech space.