{"id":179338,"date":"2026-02-03T07:32:15","date_gmt":"2026-02-03T12:32:15","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=179338"},"modified":"2026-02-03T07:32:17","modified_gmt":"2026-02-03T12:32:17","slug":"pb-fintech-q3-fy26-earnings-results","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/pb-fintech-q3-fy26-earnings-results\/","title":{"rendered":"PB Fintech Q3 FY26 Earnings Results"},"content":{"rendered":"\n<p>PB Fintech Ltd, popularly known as\u00a0Policy Bazar\u00a0is India\u2019s largest online platform for insurance and lending products through its flagship brands &#8211; Policybazaar and Paisabazaar platform through which they provide convenient access to insurance, credit and other financial products.<\/p>\n\n\n\n<div style=\"height:34px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q3 FY26 Earnings Results <\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Revenue from Operations:<\/strong> \u20b91,771 cr, +37% YoY vs Q3 FY25 (\u20b91,292 cr), strong topline growth driven by insurance broking services expansion. <\/li>\n\n\n\n<li><strong>EBITDA (Adjusted):<\/strong> \u20b9199 cr, +154% YoY; <strong>EBITDA Margin:<\/strong> 11% vs 6% in Q3 FY25, significant margin expansion reflecting operational leverage. <\/li>\n\n\n\n<li><strong>PAT:<\/strong> \u20b9189 cr, +165% YoY vs \u20b971 cr in Q3 FY25; <strong>PAT Margin:<\/strong> 11% (vs 6% last year). <\/li>\n\n\n\n<li><strong>Other key metrics:<\/strong> Total insurance premiums collected \u20b97,965 cr (+45% YoY, +17% QoQ); lending disbursals \u20b99,986 cr (+84% YoY) demonstrating strong growth in core verticals. <\/li>\n<\/ul>\n\n\n\n<div style=\"height:32px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary &amp; Strategic Decisions<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Premium growth focus:<\/strong> Management highlighted <a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/3bc4d862-f274-4892-8b21-0ee73c50244d.pdf\" target=\"_blank\" rel=\"noopener\">robust expansion in insurance premiums<\/a>, especially in health &amp; protection products (new health premiums up 79% YoY), driving both revenue and profitability. <\/li>\n\n\n\n<li><strong>Operational efficiency:<\/strong> Margin improvement was attributed to cost discipline and scaling of high-margin renewal revenues. <\/li>\n\n\n\n<li><strong>Board actions:<\/strong> The board scheduled a meeting on Feb 5, 2026 to consider a Qualified Institutional Placement (QIP) to fund inorganic growth and strategic acquisitions, underlining future expansion plans. <\/li>\n\n\n\n<li><strong>Segment strategy:<\/strong> Insurance broking remains the core growth engine, while credit\/lending operations are showing recovery with sequential improvement in disbursals. <\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-34-839x1024.png\" alt=\"\" class=\"wp-image-179339\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-34-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-34-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-34-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-34-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-34.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q2 FY26 Earnings Results<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Revenue from Operations:<\/strong> \u20b91,614.5 cr, +38% YoY (vs \u20b91,167 cr in Q2 FY25); +20% QoQ from Q1 FY26.<\/li>\n\n\n\n<li><strong>EBITDA (Adjusted):<\/strong> \u20b9156 cr, +180% YoY; <strong>Adjusted EBITDA Margin:<\/strong> 10% (vs 5% in Q2 FY25).<\/li>\n\n\n\n<li><strong>PAT:<\/strong> \u20b9135 cr, +165% YoY, +59% QoQ; <strong>PAT Margin:<\/strong> 8.4%. <\/li>\n\n\n\n<li><strong>Other key metrics:<\/strong> Insurance premium \u20b97,605 cr (+40% YoY); credit revenue \u20b9106 cr. <\/li>\n<\/ul>\n\n\n\n<div style=\"height:36px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary Q2<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Management underscored strong premium growth, especially in protection products (health &amp; term insurance), fuelling revenue and margin improvements. <\/li>\n\n\n\n<li>The insurance broking segment continued to dominate, while Paisabazaar (credit\/disbursements) showed signs of recovery after previous slowdown. <\/li>\n\n\n\n<li>Operational metrics highlighted improved scale benefits with renewal revenue expanding, signaling better recurring income potential. <\/li>\n\n\n\n<li>Cost management, particularly in advertising and employee expenses, helped margin expansion despite increased scale. <\/li>\n<\/ul>\n\n\n\n<p>To view the company\u2019s previous earnings and latest concall transcripts,&nbsp;<a href=\"https:\/\/alphastreet.com\/india\/\">click here<\/a>&nbsp; to visit the Alphastreet India news channel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PB Fintech Ltd, popularly known as\u00a0Policy Bazar\u00a0is India\u2019s largest online platform for insurance and lending products through its flagship brands &#8211; Policybazaar and Paisabazaar platform through which they provide convenient access to insurance, credit and other financial products. Q3 FY26 Earnings Results Management Commentary &amp; Strategic Decisions Q2 FY26 Earnings Results Management Commentary Q2 To [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,1],"tags":[12227],"class_list":["post-179338","post","type-post","status-publish","format-standard","hentry","category-infographics","category-finance-stocks","tag-platform-company"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":179792,"url":"https:\/\/alphastreet.com\/india\/krsnaa-diagnostics-q3-fy26-earnings-results\/","url_meta":{"origin":179338,"position":0},"title":"Krsnaa Diagnostics Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"February 6, 2026","format":false,"excerpt":"Krsnaa Diagnostics Ltd provides a range of technology-enabled diagnostic services such as imaging, clinical laboratory, and teleradiology services to hospitals, medical colleges, and community health centers across India with an extensive network across non-metro and lower-tier cities and towns. Q3 FY26 Earnings Results Revenue from Operations: \u20b9174.5 cr, +10.2% YoY\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":179341,"url":"https:\/\/alphastreet.com\/india\/upl-q3-fy26-earnings-results\/","url_meta":{"origin":179338,"position":1},"title":"UPL Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"February 3, 2026","format":false,"excerpt":"UPL is principally engaged in the business of agrochemicals, industrial chemicals, chemical intermediates, speciality chemicals and production and sale of field crops and vegetable seeds. Q3 FY26 Earnings Results Revenue from Operations: \u20b912,269 cr, +12% YoY vs Q3 FY25 (\u20b910,907 cr) driven by volume growth and favourable forex. 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Presenting below are its Q1 FY26 earnings results. \u00a0 Q1\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Policy Bazaar Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-16.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-16.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-16.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-16.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-16.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-16.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":179315,"url":"https:\/\/alphastreet.com\/india\/railtel-q3-fy26-earnings-results\/","url_meta":{"origin":179338,"position":3},"title":"RailTel Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"February 3, 2026","format":false,"excerpt":"RailTel was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia network, to modernize the train control operation and safety system of Indian Railways. It is a\u00a0\"Navratna\"\u00a0PSU of the Government of India. At present, RailTel's network passes through around 6,000 stations across the\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":179542,"url":"https:\/\/alphastreet.com\/india\/v2-retail-q3-fy26-earnings-results\/","url_meta":{"origin":179338,"position":4},"title":"V2 Retail Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"February 4, 2026","format":false,"excerpt":"Company primarily operates in Tier-II and Tier-III cities, with a chain of \u201cV2 Retail\u201d stores offering apparel and general merchandise, catering to the entire family. Q3 FY26 Earnings Results Revenue from Operations: \u20b9929 cr, +57% YoY vs \u20b9592 cr in Q3 FY25, strong growth driven by aggressive store expansion and\u2026","rel":"","context":"In &quot;LATEST&quot;","block_context":{"text":"LATEST","link":"https:\/\/alphastreet.com\/india\/category\/latest\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-43.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-43.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-43.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-43.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-43.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-43.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":179103,"url":"https:\/\/alphastreet.com\/india\/pb-fintech-ltd-s-q3-fy2026-earnings-results-highlights\/","url_meta":{"origin":179338,"position":5},"title":"PB Fintech Ltd.&#8217;s Q3 FY2026 Earnings Results Highlights","author":"Staff Correspondent","date":"February 2, 2026","format":false,"excerpt":"About PB Fintech Ltd. PB Fintech Ltd. (POLICYBZR) is a leading Indian financial technology (fintech) company that operates large digital marketplaces for insurance and lending products. It operates in the fintech sector, primarily as India's largest online marketplace for insurance and lending products through brands like Policybazaar (insurance) and Paisabazaar\u2026","rel":"","context":"In &quot;Analysis&quot;","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/179338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=179338"}],"version-history":[{"count":1,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/179338\/revisions"}],"predecessor-version":[{"id":179340,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/179338\/revisions\/179340"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=179338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=179338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=179338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}