PB Fintech, the parent company of Policybazaar and Paisabazaar, reported a 43% year-on-year (YoY) increase in net profit for the second quarter of FY27, supported by strong growth in its core insurance broking business. PB Fintech Q2 FY27 35% revenue growth to Rs 2,178 crore, from Rs 1,614 crore in the same period last year.
Key Highlights
- PB Fintech Q2 FY27 witnessed 35% revenue growth and a 43% rise in net profit.
- Insurance broker services generated Rs 2,015.19 crore, while H1 FY27 profit increased 61.4% year-on-year.
PB Fintech's consolidated financial statements submitted to the stock exchanges show its net profit rose to Rs 193 crore in the September quarter compared with Rs 135 crore during Q2 FY26.
PB Fintech Q2 FY27 Revenue Growth Driven by Insurance Broking
Insurance broker services continued to be the top growth driver for PB Fintech's revenue. For the quarter, the segment reported a revenue of Rs 2015.19 crore, which is a 41.1% growth from the same period last year when its revenue was Rs 1428.16 crore.
However, revenue from other services declined 12.3% to Rs 162.52 crore from Rs 185.39 crore during the same period.
PB Fintech Expenses Increase 32.6% in Q2 FY27
The total expenses of PB Fintech grew by 32.6% YoY to Rs 2,067.66 crore in Q2 FY27.
The cost of employee benefits continued to be the biggest expenditure, increasing 28.8% to Rs 773 crore. The advertising expenses rose 59.5% to Rs 447 crore and network and internet cost rose 65.1% to Rs 70.75 crore. Depreciation and amortisation came up at Rs 43.78 crore.
Other expenses grew 21.8% to Rs 733 crore during the quarter. The company still managed to see revenue and net profit up compared to the same quarter of previous year although the operating cost has risen.
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PB Fintech H1 FY27 Revenue Rises 37.3%, Profit Jumps 61.4%
PB Fintech's revenue from operations rose 37.3% to Rs 4,066 crore for the first half of the FY27, from Rs 2,962 crore in the first half of the previous financial year.
The growth in the revenue and profitability over the last six months has led to a rise in profit after tax to Rs 355 crore in H1 FY27 from Rs 220 crore in H1 FY26, a 61.4% increase.
PB Fintech Share Price and Market Capitalisation Decline
However, the stock of PB Fintech took a hit during the period due to its earnings growth. Since the end of Q1 FY27, its share price declined 38.3% to Rs 1,000 from Rs 1,620.
The market capitalisation of the company also dipped 37.2% from Rs 74,957 crore to Rs 47,104 crore in the same time.
It shows the disparity between the company's operating results and the value of its stock. Investors are going to keep an eye on the performance of this stock as well as the growth of revenue and the trends in expenses and profitability.
