PB Fintech Q4 profit jumps 54% to ₹261 crore on strong insurance and credit growth

PB Fintech Ltd, the parent firm of Policybazaar, on Wednesday (May 6) reported a 54% year-on-year increase in consolidated net profit for the fourth quarter at ₹261 crore, compared with ₹170 crore in the same period last year.

Revenue for the quarter rose 37% to ₹2,061 crore from ₹1,507.9 crore a year earlier. EBITDA surged 95% to ₹218 crore in Q4, compared with ₹112 crore in the corresponding quarter last year.

The company reported that total insurance premiums for FY26 grew 42% year-on-year to ₹29,934

crore, led by 57% growth in new protection premiums. Quarterly insurance premiums rose 46% year-on-year, driven by a 67% increase in new protection premiums.

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For FY26, core online insurance premiums increased 39% year-on-year, while Q4 core online insurance premiums rose 44% year-on-year. Total lending disbursals for the year stood at ₹30,740 crore, up 50% year-on-year, with core lending disbursals in Q4 increasing 11% year-on-year.

Consolidated profit after tax for FY26 rose 115% year-on-year to ₹670 crore, with margin improving from 6% in FY25 to 10% in FY26. Adjusted EBITDA margin for new initiatives improved from -9% to -4%, with a 5% contribution margin. Total revenue from new initiatives grew 43% year-on-year.

Operating revenue for FY26 rose 37% year-on-year to ₹6,794 crore, while Q4 operating revenue also increased 37% to ₹2,061 crore. Core insurance revenue for FY26 grew 41% year-on-year, while Q4 core insurance revenue rose 48%. Core credit revenue for Q4 increased 7% year-on-year.

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Core renewal and trail revenue on a 12-month rolling basis stood at ₹935 crore, up from ₹668 crore a year earlier, while quarterly core insurance renewal revenue was at an annualised run rate of ₹1,126 crore compared with ₹689 crore last year. Core insurance renewal revenue grew 63% year-on-year in Q4.

Core new insurance premium, net of savings business, grew 59% year-on-year in Q4, while including savings it rose 48%. The company said growth, excluding the savings category, ranged between 34-59% over the last 12 quarters.

Credit revenue for the quarter stood at ₹123 crore, up 7% year-on-year, while core online credit disbursals rose 11% to ₹2,630 crore. Insurance customer satisfaction (CSAT) remained above 90%.

UAE insurance premiums grew 54% year-on-year in FY26 and shifted further towards health and life insurance. The UAE business reported its first full-year profit in FY26.

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Shares of PB Fintech Ltd ended at ₹1,700.65, up by ₹20.90, or 1.24%, on the BSE today, May 6.