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The Economic Times
The Economic Times
Akash Podishetti

PB Fintech Q1 Results: Policybazaar parent's profit soars 92% to Rs 163 crore as insurance premium grows 41%

PB Fintech Insurance Policybazaar fintech

PB Fintech reported a 92% year-on-year (YoY) rise in profit after tax for the June quarter, helped by strong growth in insurance premium, higher operating revenue and better margins. The Policybazaar parent posted consolidated profit after tax of Rs 163 crore in Q1FY27, compared with a PAT margin of 6% in the same quarter last year. PAT margin improved to 9% in the June quarter.

Operating revenue rose 40% YoY to Rs 1,888 crore. The company said total insurance premium grew 41% YoY to Rs 8,372 crore. Growth was led by the protection business, which includes health and term insurance. New protection premium rose 53% YoY, while new health insurance premium grew 59%.

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