Summary of Key Information:

Reporting Period: Quarter ended June 30, 2026 (Q1FY27)

Nature of Filing: Financial Results and Board Meeting Outcomes

Audit Opinion:

Limited Review Report issued by Walker Chandiok & Co LLP with modified conclusion emphasizing:

  • IRDAI penalty of ₹500 lakhs paid by Policybazaar Insurance Brokers Private Limited
  • GST and income tax investigations at Paisabazaar Marketing and Consulting Private Limited
  • Reliance on other auditors for 7 subsidiaries and 1 associate

Key Financial Highlights [₹ in lakhs]:

Consolidated Results:

Revenue from Operations: ₹188,828 lakhs (40% YoY growth)

Total Income: ₹198,132 lakhs

Net Profit: ₹16,291 lakhs (92% YoY growth)

EPS: Basic ₹3.53, Diluted ₹3.50 (not annualized)

Other Equity: ₹722,498 lakhs

Standalone Results:

Revenue from Operations: ₹39,799 lakhs

Total Income: ₹45,317 lakhs

Net Profit: ₹40,770 lakhs

EPS: Basic ₹8.82, Diluted ₹8.75 (not annualized)

Other Equity: ₹810,419 lakhs

Segment-wise Performance:

Insurance Broker Services Revenue: ₹172,844 lakhs

Other Services Revenue: ₹15,984 lakhs

Insurance Broker Services Profit: ₹20,656 lakhs

Other Services Loss: ₹(1,685) lakhs

Corporate Actions:

  • Allotted 1,800 equity shares pursuant to ESOP exercise
  • Upfront IPR licensing fee of ₹39,348 lakhs from Policybazaar Insurance Brokers Private Limited
  • Invested ₹500 lakhs in PB Marketing and Consulting Private Limited for depository participant requirements
  • Subsequent to quarter end, invested ₹1,300 lakhs in PB Pay Private Limited for Payment Aggregator compliance

IRDAI Matters:

  • Policybazaar Insurance Brokers paid ₹500 lakh penalty in September 2025 for regulatory non-compliances
  • Additional directions/advisories issued by IRDAI requiring time-bound compliance
  • Two other inspection reports still outstanding

GST and Tax Matters:

  • DGGI search at Paisabazaar premises in October 2022 regarding input tax credit
  • ₹2,450 lakhs deposited under protest, fully provided for
  • Income Tax Department survey in December 2023 resulting in disallowances
  • CIT(A) orders confirming disallowances but directing verification of loss set-offs
  • Appeals filed with ITAT and SAFEMA

Other Regulatory:

  • PB Marketing and Consulting received SEBI registration as Stock Broker (INZ000333532) for debt segment

Board Committee Reconstitution:

CSR Committee (effective August 05, 2026):

  • Mr. Yashish Dahiya (Chairperson) - Chairman, Executive Director and CEO
  • Mr. Alok Bansal (Member) - Executive Vice Chairman and Whole Time Director
  • Ms. Jyotsana Vempati Aggarwal (Member) - Independent Director (replacing Ms. Lilian Jessie Paul)

Stakeholders Relationship Committee (effective August 05, 2026):

  • Ms. Kitty Agarwal (Committee Chairperson) - Non-Executive Director
  • Mr. Alok Bansal (Member) - Executive Vice Chairman and Whole Time Director
  • Mr. Nilesh Bhaskar Sathe (Member) - Independent Director

Business Performance Highlights:

Insurance Business:

  • Total Insurance Premium: ₹8,372 Cr (41% YoY growth)
  • Core Online Insurance Premium: ₹5,755 Cr (41% YoY)
  • New Protection Premium (Health + Term): 53% YoY growth
  • New Health Insurance: 59% YoY growth
  • Core renewal revenue (12-month rolling): ₹1,003 Cr (38% YoY growth)
  • Insurance CSAT consistently above 90%

Lending Business:

  • Total disbursal: ₹4,366 Cr
  • Core lending disbursal: ₹2,776 Cr (33% YoY growth)
  • Core credit revenue: ₹127 Cr (25% YoY growth)

New Initiatives (PB Partners, UAE, etc.):

  • PB Partners: ₹1,637 Cr premium (46% YoY), ₹561 Cr revenue (47% YoY)
  • Active Partners: 1.13 lacs (55% YoY growth)
  • Present in 19k pin codes, 78% business from Tier 2/3 markets
  • UAE operations: 31% YoY premium growth, profitable in Q1FY27

Financial Metrics Evolution:

Since public listing (Q1FY22 to Q1FY27):

  • Revenue CAGR: 51% (from ₹238 Cr to ₹1,888 Cr)
  • PAT margin: from -47% to 9%
  • 12-month rolling PAT as % of premium: 2.3% in Jun-26 vs -13.5% in Jun-22

Entities Included in Consolidation:

16 subsidiaries and 2 associates, including:

  • Policybazaar Insurance Brokers Private Limited
  • Paisabazaar Marketing and Consulting Private Limited
  • PB Fintech FZ-LLC (UAE)
  • Policybazaar Middle East Insurance Brokers LLC
  • PB Healthcare Services Private Limited (associate)