PB Fintech reports robust Q2 FY26 growth, strong performance in insurance and lending

For Q2 FY26, PB Fintech reported a 38% year-over-year (YoY) increase in operating revenue to ₹1,614 Cr and a 165% YoY surge in PAT to ₹135 Cr, with an adjusted EBITDA growing 180% YoY to ₹156 Cr. Total insurance premium reached ₹7,605 Cr, up 40% YoY, while total lending disbursals grew 102% YoY to ₹8,570 Cr. Protection (Health & Term Insurance) new premium expanded by 44% YoY, and core online insurance premium by 34% YoY.

The company's new initiatives also demonstrated accelerated growth, with PB Partners premium up 56% and PB UAE achieving profitability for three consecutive quarters. These results underscore PB Fintech's consistent and significant growth since its public listing in November 2021, with revenue growing at a compound annual growth rate (CAGR) of 55% from Q2 FY22 to Q2 FY26 and PAT margin improving from -73% to 8% in the same period.

According to a monitoring agency report from ICICI Bank Limited dated October 29, 2025, there was no deviation in the utilization of IPO proceeds for the quarter ended September 30, 2025, affirming adherence to regulatory requirements. The unutilized amount of Net IPO proceeds was invested in fixed deposits and other bank accounts.