India · Delayed Price · Currency is INR PB Fintech Earnings Call Transcripts
Fiscal Year 2026
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Insurance premium grew 42% year-on-year to nearly INR 30,000 crore, with strong gains in health and term segments and robust renewal revenue growth. Paisabazaar turned EBITDA positive, and the company expects to maintain high growth and improve margins, while monitoring regulatory developments.
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Premium grew 45% year-on-year, with health up 79% and PAT up 165% to INR 189 crores. Adjusted EBITDA margin rose to 11%, and international expansion is planned pending board approval. New initiatives and PB Health are progressing, with strong growth in core and UAE segments.
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Premiums and revenue saw robust double-digit growth, with PAT up 165% year-on-year and strong expansion in health, protection, and POSP segments. New initiatives remain at early stages, while management targets 3% PAT-to-premium by FY30 and expects continued 30%+ growth.
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Insurance premium grew 36% year-over-year, led by 65% Health growth and strong online performance. PAT margin improved to 6%, with management prioritizing growth over short-term profits and expanding in Health, term, and savings segments.
Fiscal Year 2025
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Insurance premium and operating revenue saw strong double-digit growth, with robust health and motor segments offsetting a challenged savings business. Profitability and margins improved, cash reserves remain strong, and the UAE business turned profitable.
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Health and life insurance premiums grew 47% year-over-year, with total insurance premium up 44% and revenue up 48%. Secured lending expanded rapidly, offsetting a 20% decline in unsecured credit, while new initiatives and POSP showed strong growth and improving margins.
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Health and life insurance premiums surged 69% year-over-year, with Q2 revenue up 44% and PAT improving by INR 72 crores. New initiatives and UAE business posted strong growth, while medium-term guidance remains at 30% fresh business growth.
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Health and life insurance new premium grew 78% year-over-year, driving a 52% revenue increase and improved profitability, while new initiatives and the UAE business delivered strong growth. The company is investing ahead of demand, with a focus on secured credit and product innovation, and expects renewal revenue to accelerate through the year.