PB Fintech's Profit Nearly Doubled, And Its New Are Finally Paying Off

Insurance is not usually where you look for exciting growth stories, until the company selling the most policies in the country posts numbers that make you look twice. PB Fintech, the parent of Policybazaar and Paisabazaar, just did exactly that.

The Gurugram-based group reported operating revenue of Rs 1,888 crore for the quarter ended June 2026, up 40% from Rs 1,348 crore in the same period last year, according to financial results sourced from the National Stock Exchange. Profit after tax jumped 92% year-on-year to Rs 163 crore from Rs 85 crore, though sequentially it fell more than 37% from the previous quarter's Rs 261 crore, a reminder that even fast-growing fintechs have uneven quarters.

Policybazaar remained the group's core engine, contributing Rs 1,067 crore of revenue, with Paisabazaar adding Rs 127 crore. What stands out is how much weight the newer parts of the business are starting to carry, PB Partners, PB for Business, PB UAE, and PB Connect together generated Rs 694 crore, a meaningful chunk that would have barely registered a couple of years ago. Add Rs 93 crore in interest and gains on financial assets, and total income for the quarter reached Rs 1,981 crore.

The real driver behind the growth was insurance itself. Total premium processed through the platform rose 41% year-on-year to Rs 8,372 crore, powered by a 53% jump in new protection premium, including 59% growth in health insurance premium alone, a category more Indians appear to be taking seriously.

That growth was not free. Employee benefit expenses remained the largest cost at 40% of total spending, rising 28% to Rs 716 crore, while advertising and promotional spending jumped 50% to Rs 379 crore, pushing total expenditure up 33% to Rs 1,800 crore from Rs 1,356 crore. PB Fintech shares closed the day at Rs 1,620, valuing the company at Rs 74,957 crore, or roughly $7.89 billion.