PB Fintech Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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PB Fintech reported strong Q1 FY26 results with consolidated operating revenue up 33% year-on-year to ₹1,348 crore, driven by 37% growth in core online insurance revenue to ₹732 crore. Profit after tax (PAT) jumped 347% to ₹85 crore from ₹19 crore (excluding exceptional items) in the same quarter last year, lifting PAT margin from 2% to 6%. Total insurance premium grew 36% to ₹6,616 crore, led by a 65% surge in new health insurance and 46% growth in protection (health + term) new premium. The credit business remained weak with core credit revenue declining 22% year-on-year, though total lending disbursals rose 123% to ₹7,003 crore. Separately, the board approved unsecured loans of ₹300 crore to subsidiary Policybazaar and ₹100 crore to Paisabazaar, and appointed new secretarial auditors for a five-year term.
The sharp jump in profitability and improving margins mark a clear inflection in PB Fintech's earnings story, though weakness in the core credit business and continued losses in new initiatives remain watch points. For shareholders, this quarter signals that the company is finally converting scale into meaningful profits, though the ₹400 crore inter-corporate funding to subsidiaries shows management is still prioritising growth investment over near-term cash returns.