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Informist, Monday, Feb. 2, 2026

--PB Fintech: Board to meet on Thursday to consider QIP

--PB Fintech: Reached breakeven point, will be profitable going forward

--CONTEXT: Comments by PB Fintech's mgmt in post-earnings analyst con call 

By Priyasmita Dutta and Suryash Kumar

NEW DELHI/MUMBAI – PB Fintech Ltd. has reached a break-even point and going forward, the company will be largely profitable, its management said Monday. "If you look at the overall P&L (profit and loss statement), policy bazaar is doing what it is doing and Paisa Bazaar, here onward, is profitable, and the new initiatives here on are going to be at breakeven or profitable," the management said in a post-earnings call with analysts. "So overall, from a profit perspective, we seem to be on very sound ground. And of course, the growth continues across the board."

PB Fintech reported more than twofold increase in consolidated net profit for the December quarter on year due to healthy growth in revenue from operations. The financial technology company owns the insurance aggregator platform Policybazaar and provides retail loans through Paisabazaar.

The company's consolidated net profit grew sharply by 165% on year for the December quarter to INR 1.89 billion. Its consolidated revenue rose over 37% on year to INR 17.71 billion. Shares of the company Monday closed 3.45% lower at INR 1,563.30 on the National Stock Exchange.

Going forward, the distribution company's aim is to expand operations globally, contingent on Board's and shareholders' approval. "Many people who operated worldwide in financial services will agree that diversification has its advantages. So we want to be in multiple countries", its management said. "It's time for India to have its own MNCs (multi-national companies). Why should only Google and Facebook operate in India? Why would companies with their head offices here not operate abroad and serve international customers and international partners? So I see many reasons why this is a good thing."  

The fintech insurer added that for international expansion, criteria is also to tap large market and stable players. In terms of expansion, the Board of PB Fintech will meet on Thursday to consider fund raising via qualified institutional placement route, the company said. 

The management also said that within insurance business, both term and health insurance segment are growing. "It's become a double-engine contributor," the management said. The digital insurer also said that 'managing general agent' is likely to be the single most transformational move for the insurance market. A managing general agent is a specialised type of insurance agent who is vested with underwriting authority from an insurer.

"The distributor who's in touch with the consumer, who understands the consumer, at that point becomes responsible for both the underwriting and the claim settlement, and at a wholesale level is working with the insurance company, this is exactly what NBFCs (non-banking financial companies) were to banking," the management said.

Speaking about challenges, the management said that demand generation is the biggest problem in the insurance sector. "An insurance agent spends about 95% of their effort trying to make a sale, and then maybe 5% of their effort trying to coordinate," the management said.

The company's growth accelerated for core new insurance premium at 56% on year by the end of December. Its total insurance premium for the December quarter was INR 79.65 billion, up 45% on year and 17% on quarter. This growth was driven by online new business at 68% on year.

The management said that going forward its customer acquisition costs are unlikely to see any major change, with team coming up with newer strategies to acquire customers and to explain the value of insurance.

On Paisabazaar, the management said that it was focusing on moving away from being just transaction-led platform, to maximising engagement across instruments needed over life cycle. "I think the idea for Paisabazaar is to become a full financial platform that is able to manage both assets and liabilities for customers."  End

Edited by Deepshikha Bhardwaj

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