PB Fintech Restricted, the guardian of Policybazaar and Paisabazaar, has reported its monetary outcomes for the third quarter of FY26.

For the quarter, complete insurance coverage premium stood at Rs 7,965 crore, up 45% year-on-year and 17% sequentially. Progress was led by the core on-line new safety enterprise, the place premiums rose 68% YoY.

Inside this, new medical insurance premium elevated 79% YoY, reinforcing the corporate’s deal with protection-led merchandise. Core new insurance coverage premium, excluding financial savings merchandise, grew 56% YoY throughout the quarter. Together with financial savings, progress stood at 36% YoY. Excluding financial savings, the corporate mentioned it has delivered progress within the 34% to 56% vary for the previous 11 quarters.

Working income elevated 37% YoY to Rs 1,771 crore. Core insurance coverage income grew 42% YoY, whereas core credit score income continued its sequential restoration, rising 8% quarter-on-quarter. Adjusted EBITDA grew 154% YoY to Rs 199 crore, with margins increasing to 11% from 6% a 12 months earlier.

Revenue after tax rose 165% YoY to Rs 189 crore, in contrast with Rs 71 crore in Q3 FY25. PAT margin improved to 11% from 6% final 12 months. PAT for the quarter represented 2.38% of complete insurance coverage premium.

Lending disbursals throughout the quarter stood at Rs 9,986 crore, up 84% YoY. For the core on-line credit score enterprise, quarterly disbursal was Rs 2,470 crore, whereas credit score income stood at Rs 115 crore.

A key driver of PB Fintech’s bettering profitability has been the regular growth of renewal and path income. Core renewal income on a 12-month rolling foundation reached Rs 841 crore, up from Rs 608 crore in the identical quarter final 12 months, representing 38% progress.

The insurance coverage section led this growth with 60% progress. Quarterly core insurance coverage renewal income now stands at an annualised run charge of Rs 863 crore, in contrast with Rs 538 crore in Q3 final 12 months.

PB Companions, the corporate’s agent aggregator platform, continued to scale throughout the quarter, with over 400,000 advisors on the platform. The corporate mentioned it has more and more shifted the enterprise in the direction of smaller and higher-quality advisors and now operates throughout 19,000 pin codes, masking 99% of India’s pin codes. This growth has supported progress in Tier 4 and Tier 5 cities and improved diversification throughout insurance coverage and credit score merchandise.

The corporate’s UAE insurance coverage enterprise additionally reported robust momentum, with premium progress of 62% YoY. The enterprise is more and more aligned with well being and life insurance coverage, mirroring the India portfolio, and affords cross-border medical insurance merchandise and a claims assurance programme for motor insurance coverage. The UAE operation has been worthwhile for 4 consecutive quarters.

PB Fintech mentioned income from new initiatives grew 41% YoY throughout the quarter. The adjusted EBITDA margin for these initiatives improved from -7% to -3%, with a contribution margin of 6%, reflecting working leverage as scale improves.