PB Fintech Q1 Results: Cons PAT surges 41% YoY to Rs 85 crore, revenue jumps 33%
which operates fintech platforms
Policybazaar
and
Paisabazaar
on Thursday reported a 41% year-on-year growth in its Q1 net profit of Rs 85 crore versus Rs 60 crore reported in the year ago period. The profit is attributable to the owners of the company.
The company's consolidated operating revenue grew at 33% to Rs 1,348 crore for the quarter versus Rs 1,010 crore in the corresponding quarter of the previous financial year.
Explore courses from Top Institutes in
Please select course:
Select a Course Category
others
Finance
Data Science
MBA
Management
Artificial Intelligence
Degree
Healthcare
Digital Marketing
Design Thinking
PGDM
CXO
Data Analytics
Project Management
MCA
Data Science
Leadership
Others
Product Management
healthcare
Public Policy
Operations Management
Technology
Cybersecurity
Skills you'll gain:
Duration:
16 Weeks
Indian School of Business
CERT - ISB Cybersecurity for Leaders Program India
Starts on
undefined
Get Details
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Moose Approaches Girl At Bus Stop In Permskiy Kray - Watch What Happens
Happy in Shape
Undo
Insurance Premium annualised at Rs 26,463 crore insurance showed core Online Insurance Premium growth of 35%. The New Protection (Health + Term insurance) Premium was up 46%.
The company's renewal/trail revenue on a 12-month rolling basis stood at Rs 725 crore, up from Rs 506 crore last year same quarter, a 43% growth.
For insurance, the quarterly renewal revenue stood at an ARR of Rs 673 crore i.e. 47% growth YoY. This is a key driver of long-term profit growth, the company said in its filing to the exchanges.
Live Events
Steady growth continues for core New Insurance Premium (net of Savings business) at 42% YoY for the quarter. This has ranged around +-5% of 40% for the last 9 quarters. While the health business continues to grow strongly, savings in new business is slightly lower than last year's same quarter performance (about 5%).
The company continues to improve its customer onboarding and claims support services and insurance CSAT is consistent at 90%, the filing said.
The credit revenue for the quarter is Rs 102 crore and disbursal is Rs 2,095 crore for the core online business.
In its New Initiatives, revenue growth of about 50% YoY was reported with adjusted EBITDA margin moving from -12% to -6%, with 5% contribution.
"PB Partners, our agent aggregator platform, continues to lead the market in scale & efficiency of operations with over 350k advisors," the company said.
Since its public listing in November 2021, the revenue has grown at a CAGR of 54% from Rs 238 crore in Q1FY22 to Rs 1,348 crore in Q1FY26. The PAT margin grew from -47% in Q1FY22 to 6% in Q1 FY26.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
8 minutes ago
- Indian Express
Why Maharashtra farmers have grown cold to Pradhan Mantri Fasal Bima Yojana
Maharashtra has seen a drastic dip in the enrolment for the Pradhan Mantri Fasal Bima Yojana, which allows farmers to insure their crops against losses due to natural calamities. Enrolment has plummeted from last year's 76.31 lakh to 31,39.15 lakh, as of July 31, with farmers saying the scheme has become 'non-viable' owing to the rollback of the Rs 1 premium by the state government and stringent compensation rules. Why have many farmers decided not to insure their crops? This is the first year that Yuvraj Patil, who grows soyabeans over 16 acres in Shelgaon village in Nanded district's Ardhapur taluka, has decided not to insure his crops. His reason: the Rs 1,100/hectare premium is not viable given the stringent compensation norms. 'The scheme has not taken local natural calamities into consideration. The manner in which compensation is to be calculated is also faulty,' he said. The guidelines of the Fasal Bima Yojana talk about increased usage of technology and crop-cutting experiments. The first one, Patil said, was a red flag: 'Satellite images would be used to calculate losses'. 'But what is the guarantee that it would be able to get the correct picture? If it rains at night and the satellite picture is of the morning, then the losses will not be captured,' he said. What is crop insurance and how did it help farmers? Implemented across the country, the Pradhan Mantri Fasal Bima Yojana has the premium divided among the state government, central government, and farmers. The first two take up the lion's share of the premium to be paid, while the farmers' share is kept minimal so as to make the scheme affordable for them. As the vast majority of farmers in Maharashtra practise rain-fed agriculture, the scheme was a hit with them, given the cushion it provided in case of crop loss. The farmers now pay just 2 per cent of the premium, while the rest is taken care of by the central and state governments. In 2023, Deputy Chief Minister Devendra Fadnavis announced that farmers would be able to opt for the insurance at Rs 1. This continued for the fiscal of 2023-24 and also the fiscal of 2024-25, leading to record enrollment by farmers. Thus, 78.82 lakh farmers insured their crop during the 2023 kharif season, 73.19 lakh farmers opted for the scheme in the 2024 kharif season, as per the Pradhan Mantri Fasal Bima Yojana's web portal. Many say the current dip in the enrolment is a result of the rollback of the Rs 1 premium. The state government has extended the scheme's deadline to August 14 after the initial deadline of July 31 lapsed. Why was the premium rolled back? On April 30, 2025, Fadnavis, now the chief minister, rolled back the Rs 1 premium that he had introduced as the deputy chief minister, and financial irregularities and bogus claims were supposed to be the reason. Officials said that scrutiny of the scheme had shown over five lakh bogus claims. Government land, barren land, and other types of land were found to have been insured under the scheme, with compensation being pocketed by middlemen. The rollback is estimated to help the Government save over Rs 5,000 crore. What do farm leaders and farmers have to say? Farmers like Patil know that by not insuring their crops, they are taking a major risk. But they are willing to take the risk. 'The cover provided might be good, but the manner in which the regulations are drawn is not conducive for us. Why should we invest in a scheme which is of no use to us,' he said. Before the state government introduced the Rs 1 premium, the scheme had witnessed a constant dip in enrolment, and political leaders across party lines had called for a rethink on the scheme. Anil Ghanwat, the leader of Shetkari Sanghatana, a farmer union founded by the late Sharad Joshi, said the Pradhan Mantri Fasal Bima Yojana has lost its utility for farmers. 'The scheme is not stacked heavily in favour of insurance companies. Hence the rollback,' he said.
Pink Villa
10 minutes ago
- Pink Villa
Netizens go berserk as Mumbai cook earns around Rs 2 lakh a month, gets Rs 18,0000 per house for 30-minute job
Many times, we have seen reels and posts on social media joking around, either a Paani Puri vendor or a Vada Pav vendor earning equivalent to or sometimes more than a person with a high degree. Well, this is not just for laughs; a Mumbai-based lawyer's tweet about her cook earning a bomb is going viral. And this will make you want to up your culinary skills and reconsider your career options. Taking to her X handle, Ayushi Doshi, a Mumbai Advocate, shared a funny tweet about her cook and his earnings. She wrote, 'My Maharaj (Cook) •Charges ₹18k per house •Max 30 mins per house •10–12 houses daily •Free food & free chai everywhere •Gets paid on time or leaves without a goodbye. Meanwhile, I'm out here saying 'gentle reminder' with trembling hands with minimum salary.' Her tweet received mixed reactions from fellow netizens, with many claiming the authenticity of her statement and stating that the price he charges is unbelievably high. But later, Doshi shared yet another tweet clarifying those exorbitant charges and wrote, 'Mumbai folks, back me up! This is what good Maharajs charge in decent localities. The same cook charges Rs 2.5k a day for a family of 12 isn't overcharging, it's just how things work here,' she posted. 'And no, it's not 'engagement farming.' It's just real-life experience in one of the most expensive cities in the country. If you can't relate, maybe just accept the difference in cost of living and keep scrolling instead of shouting 'fake' in the comments,' she added. Taking to Ayushi explained that she knows Rs 18,000 per household for 2 meals sounds a bit unbelievable, and that is the reaction she has been getting from many people too. But she also said that this is what one pays in a decent locality in Mumbai. 'Of course, not all cooks charge that much; many charge 10- 12k as well. But if someone is really good, efficient, and has built a reputation, they can charge a premium. The cook I mentioned is known in our entire locality for almost 10 years & the families trust him completely. Good cooks with solid reputations charge that much, and people are willing to pay because they deliver quality, consistency, and speed.' She continued that the cook works for 30 to 60 minutes, depending on the household size. He works in 10-12 flats in the same complex. So it's very much possible for him to make 1.8- 2 lakhs a month, without any exaggeration,' she added. Well, this surely does raise eyebrows and sounds unbelievable! Stay tuned to Pinkvilla for more such updates.
Business Standard
10 minutes ago
- Business Standard
Zigly's 'International Happy Pets Day' Celebrates Pet Friendship and Brings Pet Community Together for Social Cause
NewsVoir New Delhi [India], August 4: Zigly, (Cosmo First Limited) India's first tech-enabled omnichannel pet care brand successfully concluded the second edition of 'International Happy Pets Day (IHPD)' across India, witnessing over 2200 pets and parents participating in the day-long celebration. Building on the incredible success of last year's inaugural event, this landmark festivity, coinciding with Friendship Day, celebrated the special bond between pet parents and their pawsome pals, while promoting responsible pet parenting. This year, the day-long festivity was spread across Zigly's Experience Centers across the country. The overwhelming response demonstrated the growing pet care community in India, their enthusiasm for dedicated pet-centric celebrations and sharing their pet parenting journey with new parents. Zigly's 'International Happy Pets Day' (IHPD) celebration featured a host of activities to delight both pets and pet parents, creating memorable bonding moments. In a first of its kind from an omnichannel program in the industry, Zigly launched 'Zigly Coins' - where customers can earn one coin on every spend of Rs. 100, with each coin valued at Re 1, adding value to a customer's purchase for their furry friends. The event also marked the launch of an exclusive range of pet products such as Wet Food & Fresh Food and Yak Chews for dental hygiene by in-house Applod Brand, Travel Mat in Zigly Lifestyle, launch of a new brand Catmos for Cat litter and Grooming tools in Fur Pro range for dogs and cats. Celebrating the second year of IHPD, Mr Pankaj Poddar, Group CEO, Cosmo First said, "This strong response to our second International Happy Pets Day validates our vision of creating meaningful experiences for India's pet community. The enthusiasm and participation we witnessed across all our centers reinforces our belief that pet parents are looking for avenues that celebrate their bond with their companions while providing valuable services, community connections and a safe space to educate new pet parents. This success motivates us to continue innovating and expanding our offerings for the pet care ecosystem in India." Interactive games, puzzles and free treats kept the tails wagging while the twinning contests and pet fashion shows were major crowd-pullers, with participants showcasing creative outfits and celebrating the unique personalities of their pets. Professional pet portraits and photobooth sessions captured precious memories for families. Additionally, live entertainment and surprise goodies brought 'pawsitive' cheers to the event. Over 100 performers and artists along with pet parents created a vibrant atmosphere, with the brand's signature song "O Mere Yaara" adding a special touch to the celebrations. Further, over 150 pet influencers happily participated in the event, making it a grand celebration. As part of this initiative, pet parents received complimentary health check-ups for their pets, along with anti-rabies vaccinations among many other benefits, including flat 20% off on Everyday Shine grooming services, discounts on select food brands, treats, and toys, along with attractive offers on Zigly Lifestyle products. Recognising the people who are equally helping the pet care ecosystem to flourish, Zigly also presented few special award and trophies at IHPD. The 'Influencer of the Year' awards recognised pet influencers for creating the most engaging content, while the 'Influencer of Empathy' awards honoured those who made significant contributions in Animal welfare. Further, to celebrate the unique bonds between pet and their human, Zigly also presented 'Pets Got Talent' award, showcasing some amazing and unique abilities of participating pets. Keeping true to the genesis of Zigly, 100% of the proceeds from the event's ticket sales were donated to Zigly Foundation, demonstrating the company's dedication to support the broader animal welfare and supporting various NGOs associated with the foundation. This year, Rs. 3 lakhs was raised during the event, which will enhance the foundation's work to raise awareness about pet and animal rights, conduct pet adoption drive and support various animal shelters. The positive reception to IHPD 2025 continues to strengthen Zigly's position as a comprehensive petcare company in India. Initiatives such as Zigly Coins and Happy Pet Index launched during the inaugural IHPD, highlights the brand's innovative service and creating community-driven experiences that enhance the lives of pets and their parents. Zigly is a leading omnichannel platform for pet care, offering comprehensive veterinary care, best-in-class pet spa and grooming services, pet fashion, pet food, and more. With multiple experience centers across India, including Delhi, Gurgaon, Noida, Bangalore, Secunderabad, Lucknow, Jaipur, Indore, and Dehradun, Chandigarh, Panchkula and Ludhiana Zigly is expanding its physical presence by opening new stores in other major cities. As a direct-to-consumer (D2C) pet care brand under the umbrella of Cosmo First, Zigly is committed to providing innovative solutions for pet owners. Visit your nearest Zigly Experience center, log on to or download the Zigly App to discover the Zigly experience today. Founded in 1981, Cosmo First is a multinational conglomerate and global leader in specialty films, with five major business verticals and operations in over 100 countries. Its portfolio spans flexible packaging, lamination, labelling and specialty films (Cosmo Films), specialty chemicals (Cosmo Speciality Chemicals), rigid packaging (Cosmo Plastech), window films (Cosmo Sunshield), automotive paint protection films (Cosmo PPF), and digital-first omni channel pet care (Zigly), supported by a legacy of innovation and industry leadership.
