This follows the company’s statement a day earlier that the board meeting scheduled to consider a proposal for raising funds through a QIP has been cancelled. Neither did the company specify the reason behind the cancellation, nor did it share whether the meeting will be held at any new date in the future.
Third Quarter Results
PB Fintech reported a net profit of ₹189 crore for the quarter, up from ₹71 crore in the same period last year. PAT margin expanded from 6% in Q3FY25 to 11% in Q3FY26, with PAT accounting for 2.38% of total insurance premiums. Revenue for the quarter grew 37% year-on-year to ₹1,771 crore from ₹1,291 crore a year earlier.Also Read: PB Fintech unveils new retirement planning platform Pensionbazaar
Total insurance premium for the quarter stood at ₹7,965 crore, registering a 45% year-on-year and 17% quarter-on-quarter increase. Growth was led by the core online new protection segment, where premiums rose 68% YoY, with new health insurance premiums up 79% YoY. Core online insurance premium grew 44% YoY during the quarter.
In the lending segment, total disbursals rose 84% YoY to ₹9,986 crore. Core online disbursals increased 8% on a sequential basis. Credit revenue for the quarter stood at ₹115 crore, while disbursals for the core online credit business were ₹2,470 crore. Core insurance revenue increased 42% YoY, while core credit revenue continued its sequential improvement with an 8% QoQ rise.
Shares of PB Fintech Ltd ended at ₹1,503.15, down by ₹49.05, or 3.16%, on the BSE.
Also Read: PB Fintech Q2 profit surges 165% on strong insurance growth, improved margins
