PB Fintech, the parent company of Policybazaar and Paisabazaar, reported strong financial growth in the March 2026 quarter and the full FY26 financial year. The company’s insurance business remained the biggest reason behind this growth. PB Fintech’s profit after tax (PAT) for Q4 FY26 increased 54% year-on-year to ₹261 crore. For the full FY26, profit jumped 115% to ₹670 crore. The company’s profit margin also improved from 6% last year to 10% this year.
The company’s operating revenue grew 37% to ₹2,061 crore in Q4, crossing the ₹2,000 crore mark for the first time. Most of this revenue came from insurance broking services through Policybazaar. PB Fintech also saw strong growth in EBITDA, which rose 95% to ₹218 crore during the quarter. At the same time, employee costs and advertising expenses increased as the company continued expanding its business.
Insurance Business Continues to Grow Fast
Policybazaar remained the company’s biggest growth driver in FY26. Total insurance premium collected during Q4 rose 46% to ₹9,217 crore. For the full year, premium collections touched nearly ₹30,000 crore. The biggest growth came from health insurance and term life insurance products. New protection premiums increased 67% compared to last year as more people focused on financial safety and medical coverage.
The company’s renewal income also grew strongly. Annual recurring revenue from renewals reached ₹1,126 crore in Q4, helping improve long-term profitability. PB Partners, the company’s advisor platform, expanded to 4.5 lakh advisors across 19,000 pin codes in India. The company’s UAE insurance business also performed well, growing 54% and becoming profitable for the first time.
Paisabazaar Faces Challenges as PB Health Becomes New Bet
While the insurance business performed strongly, Paisabazaar saw slower growth because of weakness in unsecured loans like personal loans and credit cards. RBI rules on small-ticket unsecured lending affected demand from lending partners. To manage this slowdown, Paisabazaar is now focusing more on secured loans such as home loans and loans against property. However, these loans bring lower profit margins and require more offline customer interaction.
PB Fintech is also entering the healthcare sector with a new platform called PB Health. The company plans to invest ₹800 crore in this business to improve healthcare services, claims support, digital consultations, and hospital partnerships. Some important questions still remain unanswered. Investors will want to know how long PB Health will take to become profitable, whether secured loans can replace the high-margin unsecured loan business, and how future GST changes may affect insurance commissions and overall growth.