PB Fintech Limited has informed the Exchange about Transcript of Earnings Call
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PB Fintech reported strong Q2 FY26 results with consolidated revenue up 38% YoY to ₹1,614 Cr and consolidated PAT jumping 2.65x YoY to ₹135 Cr (PAT margin improved from 4% to 8%). Total insurance premium grew 40% YoY to ₹7,605 Cr, led by Health insurance (+60% YoY) and the online Protection business (+44% YoY). The Core Credit business has bottomed out with 4% QoQ revenue growth and 9% QoQ disbursal growth. New initiatives (PB Partners, UAE, Corporate) grew 61% YoY with EBITDA margins improving sharply from -12% to -4%, and the UAE business turned profitable for three consecutive quarters. Management addressed the September 2025 GST exemption for insurance, saying demand has been strong and commission negotiations with insurers remain constructive. Chairman Yashish Dahiya indicated a long-term target of ~3% PAT as a percentage of premium by FY30. The FY27 PAT guidance of ₹1,000 Cr was reaffirmed.
Strong quarterly print with profitability inflecting sharply, supporting an improving earnings trajectory for shareholders. The FY30 margin guidance (~3% of premium) and confirmation of FY27 ₹1,000 Cr profit guidance are positive long-term signals, though management cautioned that quarterly margin swings (1-2%) should not be over-interpreted and pending GST-led commission discussions with insurers remain a watch item.