Policybazaar parent PB Fintech's Q3 FY26 net profit surged 165% to INR 189.4 Cr from INR 71.5 Cr in the year-ago quarter. On a sequential basis, the company's PAT zoomed 40% from INR 134.9 Cr.
The company's revenue zoomed 37% YoY and 10% QoQ to INR 1,771.1 Cr in the quarter under review. Including other income of INR 84.9 Cr, the company's total income for the quarter stood at INR 1,856 Cr.
Meanwhile, PB Fintech's total expenses rose 27% YoY to INR 1,655.4 Cr.
PB Fintech's EBITDA grew 475% YoY to INR 159 Cr during the quarter, while adjusted EBITDA stood at INR 199 Cr and adjusted EBITDA margin went up from 6% to 11%.
Besides announcing its financial performance, PB Fintech also announced its plans to undertake a qualified institutional placement (QIP) to fund the pursuit of inorganic growth activities. The board has scheduled a meeting on February 5 (Thursday) to consider and approve the fundraise.
PB Fintech operates online insurance marketplace Policybazaar, digital credit platform Paisabazaar, insurance advisors' platform PB Partners, and more.
Its main revenue driver remains insurance broking through Policybazaar. The vertical's revenue for the quarter zoomed 40% YoY to INR 1,537.5 Cr. Revenue of its other verticals, including Paisabazaar, PB Pay, PB Partners, DocPrime, increased 24% YoY to INR 197.6 Cr. While Policybazaar's profit jumped 2.4X YoY to INR 234.5 Cr, the loss of other segments zoomed 5X YoY to INR 24.5 Cr.
The company said that its new initiatives posted 41% YoY revenue growth, with adjusted EBITDA improving from negative 7% to negative 3% along with a 6% contribution margin. Its insurance broking vertical, PB Partners, expanded to over 4 Lakh insurance advisors across 19K pin codes. Meanwhile, its UAE insurance business grew 62% YoY and remained profitable for four straight quarters, the company claimed.
PB Fintech said that it collected INR 7,965 Cr in insurance premium during the quarter, up 45% YoY. Disbursals grew 84% YoY to INR 9,986 Cr, 70% of which came from existing customers.
Through its lending arm PaisaBazaar, the company disbursed credit worth INR 9,986 Cr in Q3 FY26 as it zoomed 83.6% YoY from INR 5,437 Cr during the same quarter in the previous year.
Shares of PB Fintech ended the day at INR 1562.35, down 3.44% from the previous close.