PB Fintech Q3 FY26: Net profit rises to ₹189 crore

What PB Fintech announced to exchanges

PB Fintech Ltd, the parent of Policybazaar, informed BSE about board meetings under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company scheduled a board meeting on February 02, 2026, to consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. Separately, it also indicated another board meeting on February 05, 2026, to consider matters including capital-raising plans. The exchange communication also noted that the auditors’ limited review report would be taken up alongside the unaudited results.

Board meeting dates and the trading window

For the February 02, 2026 meeting, PB Fintech said the agenda was approval of unaudited financial results for the period ending December 31, 2025. The company also disclosed a trading window closure for designated individuals until February 04, 2026. Such closures typically accompany earnings approvals and are part of compliance processes around unpublished price-sensitive information. PB Fintech also disclosed the results were approved at the board meeting held on February 02, 2026.

Q3 FY26 profit and revenue: the headline numbers

For Q3 FY26 (October to December 2025), PB Fintech reported profit after tax (PAT) of ₹189 crore, compared with ₹71 crore in Q3 FY25. The company’s Q3 FY26 revenue stood at ₹1,771 crore, up 37% year-on-year. It also reported adjusted EBITDA of ₹199 crore, up 154% year-on-year. In another disclosure summarising consolidated performance, PB Fintech stated consolidated net profit increased 166% to ₹190 crore and revenue rose 37% to ₹1,770 crore year-on-year, with EBITDA at ₹160 crore.

Insurance premium growth and product momentum

PB Fintech said insurance premium (net of GST) reached ₹7,965 crore, up 45% year-on-year. It also reported that core online insurance premium rose 44% year-on-year during the quarter. The company highlighted renewal and trail revenue annual recurring revenue (ARR) of ₹863 crore, with margins of 80% or higher. PB Fintech also quantified PAT as 2.38% of total premium for the quarter.

Lending business: disbursals expanded sharply

Alongside insurance, PB Fintech disclosed strong growth in its lending segment. Lending disbursals rose 84% year-on-year to ₹9,986 crore. The update placed lending alongside the company’s core insurance distribution metrics, indicating it remained an important driver of scale in the reported period.

PB Partners and UAE operations: growth and profitability

The company stated that PB Partners and UAE operations maintained strong growth. UAE insurance premium increased 62% year-on-year, and PB Fintech said the UAE business had been profitable for four consecutive quarters. The disclosures positioned these segments as contributors to growth beyond the domestic online channel.

Nine-month performance through December 2025

For 9M FY26, PB Fintech reported revenue of ₹4,733 crore, up 36% year-on-year. It also disclosed net profit of ₹408.97 crore for the nine-month period (reported as ₹40,897 lakhs). These numbers provide a broader view of the company’s trajectory beyond the single quarter.

Capital raise on the agenda: QIP meeting on February 5

PB Fintech said there would be a board meeting on February 05, 2026, to consider and approve a capital raise by issuing equity shares through a qualified institutions placement (QIP). It stated that proceeds are proposed to be used for expansion through inorganic opportunities. The company added it had not identified a specific target for such expansion.

IPO proceeds changes and utilisation disclosures

PB Fintech disclosed that during the quarter ended March 31, 2025, it altered its IPO objects and extended the utilisation timeline to March 31, 2026, through a special resolution approved via postal ballot. It said the modifications included reallocating ₹423.52 crore (₹4,235.19 million) from strategic investments and international expansion towards growth initiatives to expand the consumer base, including offline presence. The company also disclosed that ₹762.69 crore (₹7,626.85 million) allocated for general corporate purposes had been fully utilised, primarily for salary expenses of ₹761.38 crore and rent expenses of ₹1.31 crore for call centres and non-retail operations.

Key numbers and dates at a glance

Why the update matters for investors

The exchange filings combine two key signals for investors: improving profitability and active capital-planning. The quarter showed higher PAT alongside stronger adjusted EBITDA, while premium growth remained robust at 45% year-on-year on a net-of-GST basis. The disclosures also point to expanding scale in lending disbursals and continued momentum in PB Partners and the UAE business. Separately, the planned February 05, 2026 board meeting for a QIP indicates the company is evaluating funding options to pursue inorganic expansion, even as it said no specific target has been identified.

Conclusion

PB Fintech’s Q3 FY26 disclosures to BSE show a quarter of higher profit, stronger premium growth, and improved operating metrics, alongside a clear regulatory timeline for results approvals. The next key milestone is the February 05, 2026 board meeting where the company plans to consider a QIP for inorganic expansion.