The credit marketplace business under Paisabazaar, however, remained under pressure. Core credit revenue fell 22% YoY to ₹106 crore but grew 4% sequentially, with total loan disbursals of ₹2,280 crore in the quarter. The company noted that “the credit business has likely bottomed out” and expects gradual recovery in the coming quarters.
PB Fintech’s new initiatives — including PB Partners, PB for Business, and PB UAE — continued to show momentum, with revenue from these verticals up 61% YoY. PB Partners, its agent aggregator platform, now has over 3.8 lakh advisors across 19,000 pin codes, covering nearly 99% of India. The UAE business also maintained profitability for the third straight quarter, with premium growth of 64% YoY.
“Our focus remains on scaling protection-led growth while improving profitability across all lines of business,” the company said. The management added that the company’s “customer satisfaction score (CSAT) of 90.5%” and faster claim settlement services continue to strengthen its brand in both urban and smaller markets.
Since its listing in November 2021, PB Fintech’s revenue has grown at a CAGR of 55%, from ₹280 crore in Q2 FY22 to ₹1,614 crore in Q2 FY26, while PAT margin has improved from a loss of 73% to a profit margin of 8%.
The company said it is doubling down on technology investments to enhance customer experience, improve fraud detection, and expand hybrid (online-offline) distribution. “The quality of business, including honest declarations, sharp risk assessment, and complete product disclosure, remains central to our approach,” the company told investors during its earnings call.