PB Fintech Reports Strong Financial Performance in Q2 FY27
PB Fintech, known for its subsidiaries Policybazaar and Paisabazaar, has shown a robust financial performance in Q2 FY27. The consolidated revenue displayed notable year-on-year growth, alongside a substantial 43% increase in net profit when compared to the same quarter last year.
The company’s operational revenue rose by 35%, reaching Rs 2,178 crore in Q2 FY27, up from Rs 1,614 crore in Q2 FY26, as per the consolidated financial statements submitted to stock exchanges. In the breakdown of revenue sources, insurance broker services were a major contributor, delivering Rs 2,015.19 crore, which is a 41.1% year-on-year increase from Rs 1,428.16 crore. Meanwhile, revenue from other services saw a decline of 12.3%, dropping to Rs 162.52 crore from Rs 185.39 crore.
Expense Overview
On the cost side, employee benefits, the largest expense category for the company, increased by 28.8% to Rs 773 crore. Advertising costs rose sharply by 59.5%, accumulating to Rs 447 crore, while network and internet expenses experienced a significant jump of 65.1%, amounting to Rs 70.75 crore. Depreciation and amortisation expenses were recorded at Rs 43.78 crore. Other expenses climbed by 21.8%, reaching Rs 733 crore. As a result, PB Fintech’s total expenses ascended by 32.6% to Rs 2,067.66 crore in Q2 FY27.
Net Profit Analysis
The net profit for the Gurugram-based company stood at Rs 193 crore, in contrast to Rs 135 crore recorded in Q2 FY26. During the first half of FY27, operational revenue surged by 37.3%, achieving Rs 4,066 crore, compared to Rs 2,962 crore in the equivalent period of the previous year. The profit after tax experienced a dramatic increase of 61.4%, rising to Rs 355 crore from Rs 220 crore during the same timeframe.
Since the conclusion of Q1 FY27, PB Fintech’s share price has seen a decline of 38.3%, falling to Rs 1,000 from Rs 1,620. Moreover, its market capitalisation reduced by 37.2%, moving down to Rs 47,104 crore from Rs 74,957 crore in the same period.