PB Fintech Q1 profit nearly doubles as revenue rises 40%
PB Fintech reported Q1 FY27 net profit of ₹163 crore, up 92% year on year, while revenue from operations rose 40% to ₹1,888 crore. Policybazaar’s insurance premiums grew 41% and core credit disbursals increased 33%, though both profit and revenue declined sequentially from Q4 FY26.
What happened
PB Fintech’s Q1 FY27 profit nearly doubled to ₹163 crore and revenue rose 40% to ₹1,888 crore. Policybazaar’s insurance premium grew 41%, while core credit
Key facts
- Q1 FY27 consolidated net profit: ₹163 crore, up 92% YoY from ₹85 crore
- Revenue from operations: ₹1,888 crore, up 40% YoY from ₹1,348 crore
- Sequential net profit: down from ₹261 crore in Q4 FY26
- Sequential revenue: down from ₹2,061 crore in Q4 FY26
- Total insurance premium: ₹8,372 crore, up 41% YoY
- Core online new protection business growth: 53% YoY
- Total lending disbursals: ₹4,366 crore
- Core credit disbursals: ₹2,776 crore, up 33% YoY
- Lending segment revenue: ₹127 crore, up 25% YoY
- Other cited revenue: ₹694 crore versus ₹514 crore in June 2025 quarter
- Insurance CSAT: above 90%
Why this matters
PB Fintech’s accelerating insurance and credit volumes strengthen its appeal as a distribution partner or acquisition target, particularly for players seeking scaled digital access to Indian financial-services customers.
What to watch
- Whether Q2 revenue and net profit recover sequentially after the Q1 decline.
- Insurance premium growth versus the reported 41% rate, particularly in health and life categories.
- Core credit disbursal growth, lender-partner availability, delinquency trends and take-rate stability.
- Marketing spend as a percentage of revenue and evidence that customer-acquisition costs remain controlled.
- Renewal rates, repeat purchase, cross-sell penetration and share of recurring revenue.
- Any IRDAI, RBI or consumer-protection changes affecting insurance aggregation, digital solicitation, lending marketplaces or data use.
- Competitive pricing and direct-to-consumer activity from insurers, banks, NBFCs and rival platforms.
- Increase spending selectively in high-intent digital acquisition channels while protecting contribution margins.
- Push renewals, health and life-policy cross-sell, and insurer-led product personalization to raise lifetime value.
- Expand credit marketplace disbursals through bank/NBFC partnerships, with greater emphasis on credit quality and repeat borrowers.
- Use sustained profitability to reinforce brand trust, advisor/service capacity and technology automation rather than pursue indiscriminate discounting.
- Provide investors with clearer disclosure on renewal economics, customer-acquisition payback, adjusted margins and the split between insurance and credit contribution.