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PB Fintech Q1 FY27 Share Price & Earnings Call Analysis

₹1,018.20+3.06% today
Market cap
₹47,117 Cr
P/E
62.97
ROE
9.75%
PEG
1.26
Price to sales
6.43
Debt to equity
0.05
52W high / low
₹1,957 / ₹976
Sales growth (5Y)
50.27%
EBITDA margin
8.26%
Net profit margin
9.86%
Sales (last year)
₹7,334 Cr

PB Fintech Ltd, popularly known as Policy Bazar is India’s largest online platform for insurance and lending products through its flagship brands - Policybazaar and Paisabazaar platform through which they provide convenient access to insurance, credit and other financial products[1]

Guidance scorecard · Q1 FY27 call

What PB Fintech Ltd's management guided
and where it ranks in Financial Technology (Fintech)

Revenue10–20%MarginsDown 0–2%CapexNone plannedFundraisingNone plannedOrder bookWhat management said

RevenueQ1 FY27 call

10–20%
  • The company is committed to long-term growth but will shift from a "growth at any cost" to a "rational growth" mindset in the short term.
  • Hiring has slowed—6,000 new hires in H1 might have been 2,000 if new regulations were anticipated; existing employees are becoming more productive after 6 months.
  • Margins are currently thin; spending ₹100 to make ₹100, but if revenue drops to ₹30, spending ₹100 won’t be viable, so growth efforts will be calibrated.
  • There is expected volume growth due to price elasticity; a 1% price decrease could lead to at least 1% volume growth, potentially adding 15-20% in volume if price benefits reach customers.

2 more points from PB Fintech Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Down 0–2%

See what PB Fintech Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

None planned
  • No immediate knee-jerk or irrational capital allocation decisions are planned despite regulatory challenges.
  • Capital allocation will prioritize protecting the core business, focusing on creating social security in India.
  • Investments will be mindful of risk and aimed at improving claims management and business quality.
  • International assets or investments are not being revisited in a hurry; earlier international moves are considered a past mistake.
  • Supporting profitable independent assets (like Paisabazaar, UAE) will continue but growth investments may be curtailed if losses are anticipated.

2 more points from PB Fintech Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

None planned

See what PB Fintech Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • Impact of new insurance regulations on revenue and business model.
  • Cost rationalization and operational adjustments.
  • Hiring plans and productivity improvements.
  • Capital allocation and strategic priorities.

2 more points from PB Fintech Ltd's call on the order book

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Full Q1 FY27 analysis
Full Financial Technology (Fintech) ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Financial Technology (Fintech)
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. One 97Good growth
    3
See all potential multibaggersWhere does PB Fintech Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Financial Technology (Fintech) companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹3,847 Cr86.1
240%+Flat₹4,826 Cr16.3
3One 9720–40%Up 2%+₹1.09L Cr134.0
420–40%Flat₹19,058 Cr147.3
520–40%Flat₹7,659 Cr26.5
620–40%Flat₹1,808 Cr614.7

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Pro shows every company guiding 40%+ revenue growth →Full Financial Technology (Fintech) ranking

Financials of PB Fintech Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of PB Fintech Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +8696668128711,0901,0101,1671,2921,5081,3481,6141,7712,061
Expenses +9377439018981,0851,0501,1751,2641,3961,3141,5161,6121,849
Operating Profit-68-77-89-275-39-8281123498159212
OPM %-8%-12%-11%-3%0%-4%-1%2%7%3%6%9%10%
Other Income +82919794981411061001011008785104
Interest66767699999910
Depreciation17202223242529343333343435
Profit before tax-9-12-21377371608517192142201272
Tax %-0%3%-1%-0%17%15%15%16%0%8%5%6%4%
Net Profit +-9-12-21376060517217085135189261
EPS in Rs-0.20-0.25-0.450.841.341.321.111.563.701.842.944.095.64

Financials of PB Fintech Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +78903344927718871,4252,5583,4384,9776,794
Expenses +1492323868281,0911,0462,3253,2193,6264,8836,286
Operating Profit-72-142-52-336-320-160-901-662-18894508
OPM %-92%-157%-16%-68%-41%-18%-63%-26%-5%2%7%
Other Income +103526378471124259381449372
Interest000812121422273437
Depreciation237304741436489121136
Profit before tax-64-110-34-337-295-142-833-48877388707
Tax %0%-0%76%3%3%6%-0%-0%16%9%5%
Net Profit +-64-110-59-347-304-150-833-48864353670
EPS in Rs-17,719.44-30,600.00-16,396.12-91,265.79-80,007.89-6,583.70-18.53-10.821.487.6914.48
Dividend Payout %-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%

Financials of PB Fintech Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.040.040.040.040.040.059090909293
Reserves973017874891,2651,9905,3225,3865,7816,3407,219
Borrowings +01190110110159227253322360
Other Liabilities +2943921722022303445516047751,035
Total Liabilities1263458807511,5762,3315,9156,2546,7297,5298,707
Fixed Assets +4611119147125205313359418441
CWIP-0-0-0-0-0-0-0-0-0-0-0
Investments1923765012521383736221,3582,1733,211
Other Assets +1031022195071,4272,0685,3385,3195,0114,9385,054
Total Assets1263458807511,5762,3315,9156,2546,7297,5298,707

Financials of PB Fintech Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-102-97-83-282-36429-1,568-2999-18341
Cash from Investing Activity +-15-244-43437579-1,202-2,12546301491214
Cash from Financing Activity +119315513-231,0317593,621-42-57-73-81
Net Cash Flow2-27-569746-415-71-295253236174
Free Cash Flow-121-305-97-317-39624-1,599-363-55-280-36
CFO/OP143%68%107%73%102%12%171%38%-110%-70%15%

Financials of PB Fintech Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1201561059785719297677393
Inventory Days
Days Payable
Cash Conversion Cycle1201561059785719297677393
Working Capital Days579329-120-12309321323122141
ROCE %-63%-53%-36%-9%-21%-8%2%6%10%

Guidance history

How PB Fintech Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%Down 0–2%None plannedNone planned—
Q1 FY27 call →20–40%FlatNone planned——
Q4 FY26 call →40%+FlatPlanned——
Q3 FY26 call →40%+FlatPlannedPlanned—

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

Continue your research

What PB Fintech Ltd's management said in earlier quarters

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    Revenue from Operations for Q2FY27: ₹4,053.1 million . Key investor presentation takeaways from Seshaasai Technologies Ltd's Q2 FY27 investor presentation — and

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    Revenue from operations in Q2 FY27: ₹806 Cr, up 24% YoY (Page 5) . Key investor presentation takeaways from Pine Labs Ltd's Q2 FY27 investor presentation — and

  • One 97 Communications Ltd (Q2 FY27)

    Revenue from operations for the quarter ended September 30, 2026: INR 1,199 crores . Key results statement takeaways from One 97 Communications Ltd's Q2 FY27 ea

  • WSFX Global Pay Ltd (Q1 FY27)

    Gross Turnover (Q1 FY27): ₹1,491 Crore, up 36.24% YoY (Page 2, 6, 9) . Key investor presentation takeaways from WSFX Global Pay Ltd's Q1 FY27 investor presentat

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