PolicyBazaar Reports Strong Q2 FY26 Results

PolicyBazaar, which operates under the umbrella of PB Fintech, released its financial results for the second quarter of FY26 on Wednesday. The insurance platform experienced a remarkable profit increase of 2.6 times compared to the previous year, alongside a 20% growth in operational revenue.

Significant Revenue Growth

In Q2 FY26, PolicyBazaar’s revenue from operations escalated 20% year-on-year, reaching Rs 1,613.5 crore, compared to Rs 1,348 crore noted in Q2 FY25, as detailed in the company’s financial results submitted to the National Stock Exchange (NSE).

Insurance Brokerage Services Drive Revenue

The Gurugram-based firm generated 88.5% of its operating revenue through insurance brokerage services, with earnings climbing to Rs 1,428.16 crore in Q2 FY26 from Rs 998.76 crore in Q2 FY25.

Total Income Overview

Beyond operating revenue, the company recorded Rs 84.5 crore from interest and financial asset gains in the quarter, bringing total income for the period ending September 2025 to Rs 1,698 crore.

Expenditure Insights

PolicyBazaar did not disclose a comprehensive expense review in its quarterly statements. However, employee benefits expenses saw an 18% rise year-on-year, totalling Rs 600 crore, while advertising and marketing costs remained unchanged at Rs 280 crore. Overall, total expenditure surged by 28.5% to Rs 1,558.8 crore in Q2 FY26 from Rs 1,213.4 crore in Q2 FY25.

Net Profit Surge

The net profits for PolicyBazaar skyrocketed 2.6 times to Rs 134.9 crore in Q2 FY26, up from Rs 51 crore recorded in Q2 FY25. At the close of trading, PolicyBazaar’s shares were valued at Rs 1,724, resulting in a total market capitalization of Rs 79,184.6 crore (approximately $9 billion).