PB Fintech Q2 FY27: Profit Rises 43% to Rs 192 Crore — Startup Funding India, October 2026

Startup funding in India keeps producing profitable listed fintechs, and PB Fintech, the parent of Policybazaar and Paisabazaar, added another strong quarter on 30 October 2026. Consolidated net profit rose 43% year on year to Rs 192.4 crore in Q2 FY27, while revenue from operations grew 35% to Rs 2,178 crore from Rs 1,614 crore a year earlier.

Insurance does the heavy lifting

Total insurance premium increased 38% to Rs 9,385 crore, driven by a 42% rise in new protection premiums covering health and term insurance. Insurance broker services contributed Rs 2,015.19 crore of revenue, up 41.1%, while core insurance revenue rose 42% to Rs 1,211 crore. Core insurance renewal revenue stood at an annualised run rate of Rs 1,153 crore, up 52% from a year earlier, and core renewal and trail revenue on a 12-month rolling basis rose 42% to Rs 1,097 crore.

Credit grows, costs grow too

Total lending disbursals stood at Rs 4,739 crore, with core lending disbursals up 22% to Rs 2,791 crore and core credit revenue up 19% to Rs 125 crore. Agent aggregator platform PB Partners now supports more than 5.7 lakh advisers, with premium up 36% to Rs 1,989 crore and revenue up 39% to Rs 698 crore. Total expenses rose 32.6% to Rs 2,067.66 crore, and the profit margin improved to 9% from 8%. For the first half of FY27, revenue grew 37.3% to Rs 4,066 crore and profit after tax surged 61.4% to Rs 355 crore. The results come against the backdrop of an insurance regulator proposal to lower agent commissions, which could affect future growth.

A decade-long compounding story

PB Fintech noted its revenue has grown at a 51% compound annual rate since Q2 FY22, rising from Rs 280 crore to Rs 2,178 crore in Q2 FY27. That arc — distribution scale, renewal income, then credit adjacencies — is now the template for Indian fintech distribution businesses.