Three platform companies that will react to their Q4 results today

Three new-age platform companies — One 97 Communications, PB Fintech and Meesho — will be in focus on Thursday, May 7, after reporting their March quarter earnings.

While Paytm continued to improve profitability metrics, PB Fintech delivered strong growth across insurance segments, and Meesho reported a sharp narrowing of losses alongside robust order growth.

Paytm

Shares of One97 Communications Ltd. are likely to react after the company reported a sharp improvement in profitability during the March quarter, although sequential momentum moderated.

EBITDA margin improved to 5.8%, compared to a negative 4.7% in the year-ago quarter. However, the margin was lower than 7.1% reported in the previous quarter.

Profit before tax, excluding exceptional items, stood at ₹173 crore, compared to a loss of ₹20 crore a year ago, but declined 24.8% sequentially from ₹230 crore.

The company reported a net profit of ₹183 crore for the quarter, against a loss of ₹545 crore in Q4FY25. On a sequential basis, PAT declined 18.7% from ₹225 crore.

The quarter also included an exceptional gain of ₹21 crore, compared to an exceptional loss of ₹522 crore in the corresponding quarter last year.

PB Fintech

PB Fintech reported a strong March quarter performance, driven by continued momentum in health and life insurance demand.

Net profit rose 54% YoY to ₹261 crore in Q4FY26, compared to ₹170 crore in the same quarter last year. For the full year FY26, profit after tax surged 115% to ₹670 crore.

Revenue from operations increased 37% YoY to ₹2,061 crore during the quarter, while FY26 revenue also grew 37% to ₹6,794 crore.

The company's total insurance premium stood at ₹9,217 crore in Q4, with new core online insurance premiums growing 44% YoY. New protection premiums, including health and term insurance, rose 67%.

For the full year FY26, total insurance premium increased 42% to ₹29,934 crore, led by 57% growth in protection premiums.

The company said strong growth was led by its core online insurance business, especially the health insurance segment, which continued to witness robust customer demand.

Meesho

Meesho reported a sharp reduction in quarterly losses along with strong growth in orders and revenue during Q4FY26.

The ecommerce platform's net loss narrowed 88% YoY to ₹166.3 crore from ₹1,391.4 crore a year ago. Sequentially, losses also improved from ₹490.7 crore in the previous quarter.

Revenue from operations rose 47% YoY to ₹3,531.2 crore, compared to ₹2,400 crore in Q4FY25. Revenue was largely flat sequentially against ₹3,517.6 crore in the December quarter.

Gross merchandise value (NMV) increased around 43% YoY to ₹11,371 crore, while order volumes also grew 43% to 717 million. Meesho Mall continued to see strong traction, with growth of 82% YoY during the quarter.

Adjusted EBITDA margin improved by 245 basis points sequentially to negative 1.7%.

However, trailing 12-month free cash flow stood at negative ₹633 crore compared to positive ₹591 crore a year ago, impacted by investments and temporary logistics cost pressures during Q2 and Q3 FY26.

Looking ahead, the company said the macro environment entering FY27 remains uncertain, with pressure on input costs and consumer sentiment still persisting.

Despite this, Meesho said it will continue investing aggressively in new user acquisition and also plans to invest ₹100 crore into its payments business.