PB Fintech profit surges 2.6X to Rs 135 Cr in Q2 FY26

PB Fintech, the parent company of online insurance platform PolicyBazaar, announced its financial results for the second quarter of FY26 on Wednesday. The company’s profit surged 2.6 times year-on-year (YoY), while its operating revenue grew by 20%.

PolicyBazaar’s revenue from operations rose 20% year-on-year to Rs 1,613.5 crore in Q2 FY26, up from Rs 1,348 crore in Q2 FY25, according to the company’s financial results filed with the National Stock Exchange (NSE).

The Gurugram-based company derived 88.5% of its operating revenue from insurance brokerage services, which increased to Rs 1,428.16 crore in Q2 FY26 from Rs 998.76 crore in Q2 FY25.

Apart from operating revenue, the firm earned Rs 84.5 crore from interest and gains on financial assets during the quarter, taking its total income to Rs 1,698 crore for the quarter ending September 2025.

PolicyBazaar did not provide a detailed expense breakdown in its quarterly financial statements. However, employee benefits expenses rose 18% year-on-year to Rs 600 crore, while advertising and marketing expenses remained steady at Rs 280 crore. Overall, the company’s total expenditure increased 28.5% to Rs 1,558.8 crore in Q2 FY26 from Rs 1,213.4 crore in Q2 FY25.

PolicyBazaar's net profits jumped 2.6x to Rs 134.9 crore in Q2 FY26 from Rs 51 crore in Q2 FY25.

At the end of the day, PolicyBazaar traded at Rs 1,724 with a total market capitalization of Rs 79,184.6 crore ($9 billion).