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  5. PB Fintech shares jump 3% as Q1 profit soars 92% YoY, insurance premium grows to ₹8,732 crore; here’s what analysts said

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PB Fintech shares jump 3% as Q1 profit soars 92% YoY, insurance premium grows to ₹8,732 crore; here’s what analysts said

Abha Raverkar
By Abha Raverkar

4 min read | Updated on August 06, 2026, 11:55 IST

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SUMMARY

PB Fintech Q1 results: At an operational level, its adjusted EBITDA, also known as operating profit, advanced 109% YoY to ₹186 crore in Q1 FY27, from ₹89 crore in the year-ago period.

Stock list

POLICYBZR
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PB Fintech, PolicyBazaar Q1

PB Fintech has a total market capitalisation of ₹75,932.86 crore as of August 6, 2026, according to data on the NSE. | Image: Shutterstock

PB Fintech share price: Shares of PB Fintech, the parent company of Policy Bazaar, were trading in the green on Thursday, August 6, on the back of strong results for the first quarter of the 2026-27 financial year (Q1 FY27), as the company saw its consolidated net profit soar 92% year-on-year (YoY).
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The company reported a 92% YoY surge in its consolidated net profit to ₹163 crore for the reporting quarter, compared with ₹85 crore in the April-June quarter of the 2025-26 fiscal year (Q1 FY26), according to a regulatory filing dated August 5.

Its revenue from operations advanced 40.1% YoY to ₹1,888.28 crore in the June quarter of FY27, as against ₹1,347.99 crore in the year-ago period. Its top line has soared at a compound average growth rate (CAGR) of 51% from ₹239 crore in Q1 FY22.

At an operational level, its adjusted EBITDA (earnings before interest, tax, depreciation and amortisation), also known as operating profit, advanced 109% YoY to ₹186 crore in Q1 FY27, from ₹89 crore.

Its EBITDA margin expanded by 300 basis points (bps) YoY to 10% from 7%.

Also read: Trent Q1 results: Revenue and net profit likely to see double digit growth; key focus on demand outlook

It clocked revenue of ₹1,728.44 crore from the insurance broker services segment during the quarter under review, reflecting a 45.6% YoY increase from ₹1,186.95 crore in the June FY26 quarter.

The company’s total insurance premium stood at ₹8,732 crore, up 41% YoY, led by growth in core online new protection business at 53% YoY and new health insurance up 59% YoY.

Analysts' view

According to analysts at UBS, PB Fintech’s revenue and profit beat the estimates, bolstered by strong insurance growth. Furthermore, its renewal growth emerged as a key earnings driver. Its growth strategy remained unchanged, although regulatory discussions are underway.
In a note, analysts at Macquarie said the company’s unabated growth momentum continued, with strong revenue growth and profitability that was in line with estimates during the quarter. PB Fintech’s renewal book has been bearing fruit, with new initiatives on track, the analysts stated, adding that its solid growth supports its lofty valuations.
The analysts at Morgan Stanley noted that while its adjusted EBITDA margin was in line with expectations, its adjusted EBITDA beat estimates due to higher revenues. Although the new protection premium growth was strong, an elevated base will kick in from Q3. However, the company has an expensive valuation amid potential regulation on commissions.
According to analysts at Bernstein, PB Fintech has continued to deliver strong execution, with better-than-expected revenue and profit growth in Q1. However, while its print was good, regulatory concerns persist. Its insurance momentum continued, driven by new health & term sales.

The management talked about softer growth in the second half (H2), due to the base effect of GST, with renewals growing faster than fresh sales.

Analysts at Nomura noted that Policybazaar and its other insurance platforms saw healthy improvement in take rates and contribution margins. Its Paisabazaar business’s core disbursals picked up momentum, with new product launches lined up for August 2026.
Also read: Power Grid Corp shares drop 4% after flat Q1 performance; capex growth potential ahead?

PB Fintech stock performance

Shares of PB Fintech jumped as much as 3.3% to hit an intraday high of ₹1,673.90 per unit on the National Stock Exchange (NSE) on Thursday.

At around 11:38 AM, the scrip was trading 1.41% higher at ₹1,642.90 per equity share.

The stock has advanced more than 3% in the past week and 4% over the month. However, on a year-to-date (YTD) basis, it has fallen 9%.

While the shares hit a 52-week high of ₹1,974 on September 4, 2025, they touched a year's low of ₹1,364 apiece on March 9, 2026.

PB Fintech has a total market capitalisation of ₹75,932.86 crore as of August 6, 2026, according to data on the NSE.

Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.

About The Author

Abha Raverkar
Abha Raverkar is a post-graduate in economics from Christ University, Bengaluru. She has a strong interest in the markets and loves to unravel the nitty-gritties of the latest happenings in the world of markets, business, and the economy.

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