Policybazaar Q1 revenue up 33% YoY

PB Fintech Ltd, the parent company of Policybazaar and Paisabazaar, has reported a strong financial performance for the first quarter of FY26, delivering both robust top-line growth and a sharp improvement in profitability.

Consolidated operating revenue rose 33% year-on-year (YoY) to ₹1,348 crore, compared to ₹1,010 crore in Q1FY25, driven by strong gains in its core online insurance marketplace. Profit after tax surged 347% to ₹85 crore from ₹19 crore (excluding exceptional items) in the same period last year, with margins improving from 2% to 6%.

The company’s total insurance premium for the quarter stood at ₹6,616 crore, up 36% YoY, led by a 65% jump in new health insurance premiums. Core Online Insurance Premium grew 35% YoY to ₹4,532 crore, while new protection business (health and term insurance) increased 46%. Renewal and trail revenue on a rolling 12-month basis rose 43% to ₹725 crore, with renewal business delivering over 80% margins.

Segmental performance reflected strength in the insurance vertical. Core Online Insurance Revenue rose 37% YoY to ₹732 crore, while the credit marketplace business saw revenue fall 22% to ₹102 crore amid a challenging lending environment.

Adjusted EBITDA improved to ₹89 crore from ₹49 crore in Q1FY25, with margins rising to 7% from 5%. The company maintained a high customer satisfaction score of 90%+ in insurance services and continued to expand its hybrid distribution model, combining online reach with offline presence in over 200 cities.

PB Fintech said it will continue to invest in technology, strengthen its presence in Tier 2 and Tier 3 cities, and deepen its insurance and credit offerings to capture long-term growth opportunities.