Whalesbook
PB Fintech, the Gurugram-based parent of PolicyBazaar, has delivered a landmark financial performance for the fiscal year ended March 2026. Revenue surged 37% year-on-year to Rs 6,794 crore, driven significantly by a 42% jump in total insurance premiums to Rs 29,934 crore. This marks a substantial turnaround from four years prior, when the company reported a loss of Rs 833 crore on revenues of Rs 1,425 crore in FY22.
Financial Turnaround
The company's profit after tax more than doubled, soaring 115% to Rs 670 crore, with profit margins expanding to 10% from 6% a year ago. This robust growth highlights strong market traction and operational improvements. This strong performance is further supported by a substantial increase in adjusted EBITDA, which climbed 118% to Rs 725 crore.
Segment Performance
Key to this expansion was the insurance broking segment, which remains the primary income generator. Premiums from the core online insurance business grew 39% to Rs 20,390 crore. Notably, protection products like health and term insurance saw premiums rise by an impressive 57%. New business initiatives also contributed significantly, adding Rs 9,544 crore in premiums, a 47% increase. Furthermore, the company announced its United Arab Emirates (UAE) operations achieved profitability during FY26.
Executive Outlook
Yashish Dahiya, Chairman and CEO of PB Fintech, discussed the company's growth strategy and outlook. 'We continue to strengthen our leadership in new initiatives, achieving 43% year-over-year revenue growth for these segments in FY26, with adjusted EBITDA margins improving from negative 9% to negative 4% and a 5% contribution margin,' Dahiya stated. He also noted the significant growth in renewals, which rose 63% year-on-year, indicating strong customer retention and future profit potential.