PB Fintech, parent company of Policybazaar and Paisabazaar, has begun FY26 on a high note, reporting a remarkable 33% jump in revenue to Rs 1,348 crore and a 42% surge in net profit for the April-June quarter. The robust performance reflects continued demand for digital insurance and financial products among Indian consumers.
Financials Sparkle as Digital Insurance Booms
PB Fintech clocked a revenue of Rs 1,348 crore in Q1 FY26, compared to Rs 1,011 crore in the same period last year. This sharp 33% growth comes on the back of strong traction in its core insurance brokerage business, which contributed a hefty 88% of operating revenue, rising to Rs 1,187 crore from Rs 845 crore in Q1 FY25. The company also earned Rs 99 crore from interest and gains on financial assets, pushing its total quarterly income to Rs 1,447 crore[3].
Net profit for the quarter soared 42% year-on-year, reaching Rs 85 crore, up from Rs 60 crore in Q1 FY25. This improved profitability highlights Policybazaar’s ability to scale efficiently amid rising demand and a competitive insurtech landscape[3].
Costs Rise on the Back of Team Expansion
Expenses climbed 25%, largely due to higher employee benefits, which rose to Rs 560 crore in Q1 FY26. While operating costs increased, PB Fintech managed to maintain healthy margins and deliver strong profits, a testament to effective execution and cost controls[3].
Policybazaar’s Progress Since IPO
Since its listing in November 2021, PB Fintech’s revenue has expanded at a compound annual growth rate (CAGR) of 54%, from Rs 238 crore in Q1 FY22 to Rs 1,348 crore in Q1 FY26[5]. The company’s steady rise underscores growing consumer trust in online insurance platforms, especially in India’s digital-first metro cities[5].
Market Standing and Valuation
Policybazaar traded at Rs 1,808 at the close of the reporting day, valuing the company at Rs 83,033 crore—nearly $9.5 billion. This market performance places it among the top Indian fintech and insurtech players, vying for leadership in an increasingly crowded space[3].
What’s Driving the Growth?
The company’s sustained momentum is fuelled by rising insurance awareness, increasing digital adoption, and a strong demand for health and life insurance products across urban and semi-urban India. As traditional insurance agents lose ground to digital aggregators, Policybazaar continues to capture market share through its diverse online offerings, streamlined processes, and robust customer service[3][5].
With India’s insurtech sector booming and consumer expectations evolving, PB Fintech’s Q1 FY26 results solidify its position as a leading force in digital financial services, promising interesting times ahead for the sector.