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

EntrackrEntrackr · 4m ago
PB Fintech profit surges 2.6X to Rs 135 Cr in Q2 FY26
Medial

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).

Tencent halves stake in PB Fintech via Rs 695 Cr block deal

EntrackrEntrackr · 10d ago
Tencent halves stake in PB Fintech via Rs 695 Cr block deal
Medial

Tencent Cloud Europe BV, an affiliate of Chinese internet giant Tencent, offloaded a portion of its stake in PB Fintech, the parent company of Policybazaar and Paisabazaar, through a block deal on Friday. According to bulk deal data on the stock exchange, Tencent Cloud Europe BV sold 48,40,439 shares of PB Fintech at Rs 1,435.10 per share, taking the total transaction value to around Rs 694.65 crore. Prior to the transaction, Tencent Cloud Europe held 97,48,750 shares, representing 2.12% stake in PB Fintech. Following the block deal, its holding reduced to 49,08,311 shares, or 1.06% in the company. Several institutional investors participated in the block deal. DSP Mutual Fund acquired 3,25,643 shares worth Rs 46.73 crore, while Mirae Asset Mutual Fund purchased 9,00,000 shares valued at Rs 129.15 crore. Meanwhile, Goldman Sachs entities were among the largest buyers in the transaction. Goldman Sachs Bank Europe SE bought 7,01,249 shares worth Rs 100.63 crore, while Goldman Sachs Bank Europe SE – ODI picked up 5,64,508 shares amounting to Rs 81 crore. Other buyers included Schroder Asian Alpha Plus Fund, which purchased 3,46,958 shares worth Rs 49.8 crore, and Schroder AsiaPacific Fund PLC, which bought 2,57,081 shares valued at Rs 36.9 crore. Société Générale (ODI) and Tata Mutual Fund acquired 7,00,000 shares (Rs 100.45 crore) and 3,45,000 shares (Rs 49.5 crore), respectively. Viridian Asia Opportunities Master Fund also bought 7,00,000 shares for Rs 100.45 crore. This move comes after PolicyBazaar’s quarterly result announcement, in which its revenue increased 32.5% to Rs 1,711 crore in Q3 FY26, while its net profits surged 2.6X to Rs 189 crore in the same period. At the end of the day, PolicyBazaar traded at Rs 1,433.5 with a total market capitalization of Rs 66,327 crore (approximately $7.2 billion).

PB Fintech crosses Rs 1,508 Cr revenue in Q4 FY25; profit triples

EntrackrEntrackr · 10m ago
PB Fintech crosses Rs 1,508 Cr revenue in Q4 FY25; profit triples
Medial

PB Fintech, the parent company of online insurance aggregator and brokerage platform PolicyBazaar, has released its financial results for the fourth quarter of the ongoing fiscal year (Q4 FY25). The company reported a 38% growth in scale, while its year-on-year (YoY) profits increased by 2.85X during the same period. PolicyBazaar’s revenue from operations surged 38% to Rs 1,508 crore in Q4 FY25 in contrast to Rs 1,089 crore in Q4 FY24, as per the firm’s consolidated financial results sourced from the National Stock Exchange (NSE). For the full fiscal year (FY25), PolicyBazaar’s operating revenue increased 33% to Rs 4,977 crore in FY25 from Rs 3,738 crore in FY24. The Gurugram-based company generated the largest share (87%) of its operating revenue from insurance broker services, which rose to Rs 1,322 crore in Q4 FY25 from Rs 915 crore in Q4 FY24. For the full fiscal year, it accounted for 86% of the revenue at Rs 4,298 crore. Besides operating revenue, the firm also earned Rs 101 crore via interest and gains from financial assets during the quarter which took its total topline to Rs 1,609 crore in the quarter ending March 2025. Meanwhile, for the full fiscal year, total income crossed the Rs 5,000 crore mark at Rs 5,385 crore. PolicyBazaar has not provided a detailed breakdown of expenses in its quarterly financial statements. However, employee benefits expenses rose by 15% YoY to Rs 508 crore. Overall, the company's total costs grew 29% to Rs 1,437 crore in Q4 FY25 compared to Rs 1,114 crore in Q4 FY24. For the full financial year ending March 2025, the firm’s total expenses rose to Rs 5,039 crore as against Rs 3,739 crore in FY24. In the end, PolicyBazaar's net profits surged 2.85X to Rs 171 crore in Q4 FY25 from Rs 60 crore in Q4 FY24. On a fiscal basis, its net profit spiked 5.5X to Rs 353 crore in FY25 from Rs 64 crore in FY24. PolicyBazaar is currently trading at Rs 1,796 with a total market capitalization of Rs 82,500 crore.

Net1 exits from Mobikwik with notable loss after 8 years

EntrackrEntrackr · 8m ago
Net1 exits from Mobikwik with notable loss after 8 years
Medial

South Africa-based Net1 Applied Technologies has sold its entire 8% stake and exited its long-standing investment in fintech platform Mobikwik, through a block deal on Thursday. Net1 sold its entire holding of 62,15,620 shares at Rs 230.16 each, accumulating approximately Rs 143 crore, according to data from the National Stock Exchange (NSE). Net1 first invested $40 million (approximately Rs 270 crore at the time) in MobiKwik in 2016, aiming to integrate its virtual card and financial inclusion technologies with the Indian fintech platform. However, despite MobiKwik going public, Net1 appears to have made no return and has even incurred a loss on its investment. MobiKwik made its stock market debut in December last year with a strong listing at Rs 444, a 59% premium over its issue price. The fintech platform even touched highs of Rs 698 post-listing. However, the stock has experienced significant volatility since then and has now settled around Rs 261. MobiKwik reported flat revenue of Rs 268 crore in Q4 FY25, compared to the same quarter last year. However, for the full fiscal year, its revenue rose 33.9% to Rs 1,192 crore in FY25. On the bottom line, the company posted a loss of Rs 56 crore in Q4 FY25.

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