Overview
- PB Fintech reported Q2 FY27 revenue of Rs 2,177.7 crore and consolidated net profit of Rs 192.4 crore, figures published on Monday that beat year‑ago levels.
- Total expenses rose 33% year‑on‑year to Rs 2,067.7 crore as employee pay, advertising and network costs climbed, and adjusted EBITDA missed some analyst estimates.
- The stock fell to a 52‑week low after the results because analysts built the IRDAI draft rules into models and several brokerages cut earnings and target prices.
- Core insurance metrics were strong with total premiums up 38% to Rs 9,385 crore, while Paisabazaar loan disbursals fell 46% year‑on‑year to Rs 4,739 crore, exposing business‑mix risk.
- Management has flagged cost alignment, productivity moves and revenue diversification as mitigation steps while investors wait for final IRDAI rules that will determine take‑rates and the viability of some distribution models.