PB Fintech Ltd (BOM:543390)

Q1 2027 PB Fintech Ltd Earnings Call Transcript

Aug 5, 2026 / 12:30 PM GMT

Release Date Price: ₹1630 (+1.31%)

Transcript

Key Points

Positve

PB Fintech Ltd (BOM:543390) reported strong consolidated operating revenue growth of 40% year-on-year to Rs 1,888 crores, with core insurance revenue growing 46% and core credit revenue growing 25%.
The company's consolidated PAT surged 92% year-on-year to Rs 163 crores, with PAT margin improving from 6% to 9%, indicating strong profitability gains.
New health and term insurance premiums grew 53% year-on-year, with new health growing 59%, showcasing robust demand in high-priority protection categories.
Renewal revenue grew 55% to Rs 1,003 crores over the last 12 months, and management expects this growth to accelerate further as past fresh business matures.
The company's UAE insurance premium grew 31% year-on-year, demonstrating resilience and successful expansion in international markets despite challenging conditions.
PB Fintech Ltd (BOM:543390) is leveraging AI effectively, with 30-40% of its 10 crore monthly customer interactions now AI-touched, improving sales productivity and customer service efficiency.
The company's PB Health initiative is progressing well, with a target to achieve an annual run rate of Rs 500 crores and break even by March 2027.
The credit business is back in growth mode, with core disbursals growing 33% year-on-year to Rs 4,366 crores for the quarter.
PB Partners is expanding strongly, with 78% of GWP coming from tier 2 and tier 3 cities and active partner count increasing 55% year-on-year to 1.13 lakhs.
The company's five-year revenue CAGR stands at an impressive 51%, with PAT margin improving from negative 47% to positive 9% over the same period.

Negative

The savings business grew only 21% in fresh business, which is softer than expected, partly due to choppy market conditions affecting customer confidence.
The company's TOP100 partners still contribute 16% of premium in the PB Partners segment, and management acknowledges this concentration needs to be actively reduced.
PB Connect revenue declined 73% year-on-year due to a strategic decision to exit the wholesale consolidation business, though the retail side is growing.
The company faces regulatory uncertainty, particularly around potential changes to commission structures and dark pattern regulations, which could impact its business model.
Management noted that Q1 is the weakest quarter seasonally, and the company hired 5,000 gross employees in Q1, which may pressure near-term margins.
The motor insurance business is exposed to regulatory changes, such as the Supreme Court verdict on third-party policy periods, which could affect renewal timing and volumes.
Paisa Bazaar's EBITDA contribution is expected to be only about half of the earlier guided Rs 100 crores for the full year, indicating a shortfall in profitability targets.
The company's growth is heavily dependent on generating and converting inquiries, which requires significant marketing spend and effort, making it vulnerable to demand fluctuations.
Management indicated that the demand for insurance is extremely low and trends don't last more than two quarters, as seen with the fading GST-related boost.
The company's profitability is still thin, with PAT margin at just 9% and core profits less than 1% of premium when excluding interest income, highlighting the capital-intensive nature of the business.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PBFI.NS - PB Fintech Ltd
Q1 2027 PB Fintech Ltd Earnings Call
Aug 05, 2026 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Hello everyone. We are just waiting for some more participants to join us. Kindly wait for a couple of more minutes. We would start in two minutes.

Thank you.

Hello everyone, a very good evening and a very warm welcome to PB FinTech Limited's earnings conference call for quarter one financial year '27.

Today we have with us Mr. Yashish Dahiya, Chairman and Group CEO of PB FinTech, Mr. Alof Bansal, Executive Vice Chairman PB FinTech, Mr. Sarveer Singh joined Group CEO of PB FinTech, Ms. Santosh Agarwal, CEO Paisa Bazar, Mr. Mandeep Mehta. Group CFO PB Finte and myself Movit, Head Investor Relations PB Finte. I now request Yashish for his introductory note.

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