NSE 500 — The Filing Layer   CompaniesFilings

PB Fintech Ltd.

POLICYBZRFinancial Services filings

We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.

Earnings calls

19 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 19 documents here); elsewhere sentences render unattributed.

KindDatePeriodServedAttribution rate
TRANSCRIPT202202122021-12-31yes
TRANSCRIPT202206012022-03-31yes
TRANSCRIPT202208152022-06-30yes
TRANSCRIPT202211122022-09-30yes
TRANSCRIPT202302172022-12-31yes
TRANSCRIPT202305292023-03-31yes
TRANSCRIPT202308182023-06-30yes
TRANSCRIPT202311142023-09-30yes
TRANSCRIPT202411112023-09-30yes
TRANSCRIPT202402062023-12-31yes
TRANSCRIPT202405152024-03-31yes
TRANSCRIPT202408132024-06-30yes
TRANSCRIPT202502012024-12-31yes
TRANSCRIPT202505222025-03-31yes
TRANSCRIPT202508072025-06-30yes
TRANSCRIPT202511042025-09-30yes
TRANSCRIPT202602062025-12-31yes
TRANSCRIPT202605122026-03-31yes
TRANSCRIPT202608112026-06-30yes

POLICYBZR

files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.

Identity

Statement divisiongeneral
Scope servedconsolidated
Panels on this page4

Market

No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.

Last close1,207.20
52-week range1207.2 – 1957.3
Return 1M-32.87%
Return 3M-25.26%
Return 1Y-30.43%
Return 3Y62.64%
Return 5Ynot reported for this period
Market capitalisationnot shown — we could not confirm it
Shares outstandingnot shown — we could not confirm it
P/Enot shown — we could not confirm it
P/Bnot shown — we could not confirm it
EV/EBITDAnot shown — we could not confirm it

Latest quarter filed — period ending 2026-06-30

In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.

Revenue from operations1,888.00
Other income93.00
Total income1,981.00
Cost of materials consumed0.00
Purchases of stock-in-trade0.00
Changes in inventories0.00
Employee benefit expense716.00
Finance costs11.00

Ownership — 2026-06-30, and the change from 2026-03-31

HolderPer centChange
promoter and promoter groupnot disclosed—
institutions foreign0.37-0.03
institutions domestic0.400.04
mutual funds0.280.02
public1.000.00

Documents on file

ClassMost recentOn file
TRANSCRIPT2026-06-3019

Financial statements

Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.

Quarterly results, as filed

Line2022-09-302022-12-312023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Revenue from operations573.00610.00869.00666.00812.00871.001,090.001,010.001,167.001,292.001,508.001,348.001,614.001,771.002,061.001,888.00
Other income60.0069.0082.0091.0097.0094.0098.00100.00106.00100.00101.0099.0085.0085.00104.0093.00
Total income634.00679.00951.00757.00909.00965.001,188.001,111.001,273.001,392.001,609.001,447.001,698.001,856.002,166.001,981.00
Cost of materials consumed0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Purchases of stock-in-trade0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Changes in inventories0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Employee benefit expense410.00356.00391.00384.00423.00398.00440.00455.00508.00487.00508.00560.00600.00607.00699.00716.00
Finance costs6.006.006.006.007.006.007.006.009.009.009.009.009.009.0010.0011.00
Depreciation and amortisation16.0018.0017.0020.0022.0023.0024.0025.0029.0034.0033.0033.0034.0034.0035.0040.00
Other expenses389.00387.00546.00359.00478.00499.00645.00594.00667.00777.00887.00754.00916.001,006.001,144.001,033.00
Total expenses821.00766.00961.00768.00930.00926.001,115.001,081.001,213.001,307.001,437.001,356.001,559.001,655.001,888.001,800.00
Profit before exceptional items and tax-187.00-87.00-9.00-12.00-21.0039.0073.0030.0060.0085.00172.0091.00139.00201.00278.00181.00
Exceptional items0.000.000.000.000.000.000.0041.000.000.000.000.000.000.000.000.00
Profit before tax-187.00-87.00-9.00-12.00-21.0039.0073.0071.0060.0085.00172.0091.00139.00201.00278.00181.00
Current tax0.000.00-0.000.00-0.000.0013.0011.009.0014.001.008.007.0012.0011.0016.00
Deferred tax0.00-0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Tax expense0.000.00-0.000.00-0.000.0013.0011.009.0014.001.008.007.0012.0011.0016.00
Profit for the period-187.00-88.00-9.00-12.00-21.0037.0060.0060.0051.0072.00171.0085.00135.00189.00261.00163.00
Profit attributable to owners-187.00-87.00-9.00-11.00-20.0038.00—60.0051.0072.00171.0085.00135.00189.00261.00163.00
Profit attributable to non-controlling interests0.00-0.00-0.00-0.00-1.00-1.00—-0.000.000.000.000.000.000.000.000.00
Other comprehensive income3.001.00-3.00-2.001.000.00-3.00-4.001.002.00-7.00-3.0010.002.003.002.00
Total comprehensive income-184.00-87.00-13.00-14.00-20.0038.0058.0056.0052.0074.00164.0082.00145.00191.00264.00164.00
Earnings per share, basic-4.19-1.96-0.20-0.26-0.450.851.351.341.121.573.731.852.944.115.653.53
Earnings per share, diluted-4.19-1.96-0.20-0.26-0.450.831.311.311.091.553.671.822.894.085.613.50

Annual results, as filed

Line2022-03-312023-03-312024-03-312025-03-312026-03-31
Revenue from operations1,425.002,558.003,438.004,977.006,794.00
Other income125.00259.00381.00408.00372.00
Total income1,550.002,817.003,818.005,385.007,166.00
Cost of materials consumed0.000.000.000.000.00
Purchases of stock-in-trade0.000.000.000.000.00
Changes in inventories0.000.000.000.000.00
Employee benefit expense1,256.001,540.001,644.001,959.002,466.00
Finance costs14.0021.0026.0034.0037.00
Depreciation and amortisation43.0064.0089.00121.00136.00
Other expenses1,072.001,680.001,980.002,925.003,819.00
Total expenses2,384.003,305.003,739.005,039.006,458.00
Profit before exceptional items and tax-833.00-488.0079.00346.00709.00
Exceptional items0.000.000.0041.000.00
Profit before tax-833.00-488.0079.00387.00709.00
Current tax-0.000.0013.0034.0037.00
Deferred tax-0.00-0.000.000.000.00
Tax expense-0.00-0.0013.0034.0037.00
Profit for the period-833.00-488.0064.00353.00670.00
Profit attributable to owners—-487.00—353.00670.00
Profit attributable to non-controlling interests—-1.00—0.000.00
Other comprehensive income0.003.00-3.00-7.0012.00
Total comprehensive income-833.00-485.0061.00346.00682.00
Earnings per share, basic20.34-10.971.507.7714.58
Earnings per share, diluted20.34-10.971.457.6514.16

Balance sheet, as filed

Line2022-09-302023-03-312023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Total assets5,963.006,254.006,427.006,729.007,153.007,529.007,939.008,707.00
Non-current assets465.002,132.001,717.001,906.002,826.003,676.004,581.004,330.00
Current assets5,498.004,122.004,711.004,822.004,328.003,853.003,358.004,376.00
Property, plant and equipment57.00270.00326.00315.00415.00411.00405.00430.00
Capital work-in-progress0.00———0.00—0.000.00
Goodwill38.0038.0038.0038.001.001.001.001.00
Other intangible assets208.006.006.006.005.005.007.009.00
Inventories0.000.000.000.000.000.000.000.00
Trade receivables410.00677.00620.00651.00802.001,000.001,169.001,729.00
Cash and cash equivalents420.0072.0092.00325.00199.00561.00244.00746.00
Total equity and liabilities5,963.006,254.006,427.006,729.007,153.007,529.007,939.008,707.00
Equity5,383.005,485.005,653.005,876.006,113.006,438.006,775.007,318.00
Equity share capital90.0090.0090.0090.0091.0092.0092.0093.00
Other equity5,284.005,386.005,556.005,781.006,016.006,340.006,683.007,219.00
Total liabilities580.00769.00774.00852.001,041.001,092.001,165.001,389.00
Non-current liabilities222.00218.00253.00249.00326.00340.00347.00397.00
Current liabilities358.00551.00521.00603.00715.00751.00817.00992.00
Borrowings, non-current0.000.000.000.000.000.000.000.00
Borrowings, current0.000.000.000.000.000.000.000.00
Trade payables193.00306.00308.00301.00370.00367.00372.00471.00

Cash flow, as filed

Line2022-09-302023-03-312023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Net cash from operating activities-272.00-299.00-46.009.00-73.00-183.00-111.0041.00
Net cash from investing activities339.0041.0094.00301.00-54.00458.00-170.00214.00
Net cash from financing activities-18.00-43.00-28.00-57.00-33.00-73.00-42.00-81.00
Purchase of property, plant and equipment33.0060.0036.0063.0040.0097.0027.0080.00
Net increase in cash53.00-295.0020.00253.00-160.00202.00-317.00186.00
con:CFO.BEFORE_TAX-215.00-249.0028.00208.00-68.00-66.0030.0074.00
con:INTEREST_RECEIVED.OPERATING0.000.000.000.000.000.000.000.00
con:INTEREST_PAID.OPERATING0.000.000.000.000.000.000.000.00
con:DIVIDENDS_RECEIVED.OPERATING0.000.000.000.000.000.000.000.00
con:TAX_PAID.OPERATING57.0050.0075.00199.005.00117.00141.0035.00
con:CF_OTHER.OPERATING0.000.000.000.000.000.000.002.00
con:INVESTMENTS_PURCHASED0.000.000.00868.000.000.00539.000.00
con:INVESTMENTS_SOLD0.000.000.000.000.000.000.000.00
con:PPE_DISPOSALS1.002.000.000.000.001.000.002.00
con:CF_INVESTING.SUBSIDIARIES_SOLD0.000.000.000.0078.0078.000.000.00
con:CF_INVESTING.SUBSIDIARIES_ACQUIRED0.0013.000.000.009.009.000.00539.00
con:CF_INVESTING.JV_SOLD0.000.000.000.000.000.000.000.00
con:CF_INVESTING.JV_ACQUIRED0.000.000.000.000.000.000.000.00

Who owns it

The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.

Holder2023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Promoter and promoter group0.000.000.000.000.000.000.000.000.00—————
Domestic institutions14.0215.4116.3819.0516.7516.2718.4120.5722.9523.280.270.300.370.40
Mutual funds—————————15.860.180.200.260.28
Insurance companies2.613.533.703.854.024.334.204.174.063.690.040.050.060.07
Foreign institutions50.4149.6049.4046.0148.9751.5849.7147.7945.9346.780.440.410.400.37
Public99.1799.1799.1799.2499.4199.4599.4699.7299.7299.721.001.001.001.00
Non-institutional34.7434.1633.3934.1833.6931.6031.3531.3630.8429.660.290.300.230.22
Shares outstanding450116349450115849450116349451001938451203464456034204456109964459220832459257282459257282459307364462674740462693070462694870

Related parties

Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.

CounterpartyRelationshipTypeAmount in the periodTransactions
Policybazaar Insurance Brokers Private LimitedWholly owned subsidiaryAny other transaction, Interest received, Investment3,509,409,000.009
Paisabazaar Marketing and Consulting Private LimitedWholly owned subsidiaryAny other transaction, Interest received, Investment602,933,000.0013
YKNP Markeing Management L.L.C.AssociateAny other transaction, Investment, Sale of goods or 477,618,000.003
Yashish DahiyaDirector, Chairman & Chief ExeRemuneration469,967,000.002
Icall Support Services Private LimitedWholly owned subsidiaryAny other transaction, Investment, Purchase of fixed403,074,000.005
Docprime Technologies Private LimitedWholly owned subsidiaryAny other transaction, Investment, Purchase of fixed298,939,000.003
PB Pay Private LimitedWholly owned subsidiaryAny other transaction, Investment273,882,000.002
PB Fintech FZ LLC (UAE)Wholly owned subsidiaryAny other transaction, Investment, Sale of goods or 265,815,000.004
Alok BansalExecutive Vice Chairman and Whole Remuneration202,629,000.001
Policybazaar Middle East Insurance Brokers LLC (Erstwhile, GStep down subsidiary of Fellow SubSale of goods or services142,559,000.002
Sarbvir SinghKey Management Personnel- PresidenRemuneration80,719,000.001
Naveen KukrejaWhole Time Director and Chief ExecRemuneration62,417,000.001
Neeraj GuptaDirectorRemuneration28,989,000.001
Mandeep MehtaChief Financial OfficerRemuneration23,212,000.001
Manoj SharmaWhole Time directorRemuneration22,487,000.001

What management said

Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.

DateQuarterWho spoke
2026-08-11Q1FY27Read the call
2026-05-12Q4FY26the insurance policy.Read the call
2026-02-06Q3FY26Sachin Salgaonkar:Read the call
2025-11-04Q2FY26Read the call
2025-08-07Q1FY26Madhukar Ladha:, Sachin Salgaonkar:, very much.Read the call
2025-05-22Q4FY25Read the call
2025-02-01Q3FY25Madhukar Ladha:, not translate in December., solution., we have with usRead the call
2024-11-11Q2FY24growth.Read the call
2024-08-13Q1FY25we have with us:Read the call
2024-05-15Q4FY24Srinath V:, secured as an opportunity.Read the call
2024-02-06Q3FY24Salgaonkar, Sachin:, Thank you very much!, quarter yet to come., we have with us,Read the call
2023-11-14Q2FY24fairly prepared part., impact.Read the call
2023-08-18Q1FY24enquiry., that.Read the call
2023-05-29Q4FY23Madhukar Ladha:, OFFICER – PB FINTECH, – PAISABAZAARRead the call
2023-02-17Q3FY23EXECUTIVE OFFICER, PB FINTECH, EXECUTIVE OFFICER, POLICYBAZAAR, OFFICER, PB FINTECH, PAISARead the call
2022-11-12Q2FY23FINTECH LIMITED, LIMITEDRead the call
2022-08-15Q1FY23Read the call
2022-02-12Q3FY22PB FINTECH LIMITEDRead the call

Some earlier announcements under this heading are covering letters only — no transcript was attached.

What they said about it, quarter by quarter

TopicQ3FY22Q3FY23Q3FY24Q3FY25Q3FY26Q4FY23Q4FY24Q4FY26
Capex————————
Capital allocationIs it possible to break down advertising slightly in terms of like what is pure play marketing expense all like including customer acquisition and wha…———————
Debt and cash——————See, we're very strong in cash flow, if you really think about it, we added ₹260Cr on cash.—
DemandAll our demand is generated online, so every journey starts from coming to Policybazaar.com and entering your retail.—————I just want to add one final point that we verify all bookings.—
GuidanceWhile we will continue to invest in these three, we anticipate staying prudent and delivering exceptional results.—This is very much in line with the guidance that we provided just after IPO.And my last question - Yashish, your last guidance in the company was 2+ years back.—Do we expect higher commission payouts for you guys?So we had been guiding towards a 20% growth.—
MarginFebruary 8, 2022 94% to INR 1936 crores, total operating revenue for the company grew by 73% to INR 367 crores and there is another 38 crores of defer…I just wanted to understand your contribution margin in existing business.This quarter PAT is at ₹ 37Cr +, which is a 4% margin, up from a loss of ₹ 87Cr same period last year.Firstly, if you can share contribution margin and EBITDA margin for credit business for the core credit business.—On an adjusted EBITDA basis, we were ₹28 crores positive for Q4, which is a 3% margin.Revenue for our online marketplaces Policybazaar and Paisabazaar, which we referred to as the core businesses, grew 39% to ₹2,375Cr, while improving t…Our EBITDA is at -4%, with a 5% contribution margin.
People————————
Pricing————And third question, wanted to understand, generally, how the premium growth has been since the quarter, because part of a growth in the last quarter w…—Assume the porting would have been little lower in the current year, relatively, at the system level, because it increased, you benefited because this…—
Revenue growthSir, just one question, when I look at your ad spends and I try to knock of the new initiative cost which you have incurred, the growth in ad spends a…—For the last 6 to 7 quarters now, we have every quarter grown by more than ₹ 50 Cr. That means overall adjusted EBITDA is growing at more than ₹ 200Cr…Yes, because, , when I look at when I back out the fixed costs or indirect cost between, , contribution and adjusted EBITDA margin for 6 months, there…—Our revenue grew to ₹2,558 crores, marking growth of 80% over FY'22.First of all, I'm super pleased with this last quarter and the primary reason for that is health and life insurance combined, which is the core of our…As I said in the past, our renewals is a large contributor to our future growth of profits.

What they said they would do

Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.

DateQuarterWhoWhat they said
2024-02-06Q3FY24quarter yet to come.If you recollect, our view was that when the year FY27 hits, we should be about ₹ 35,000 Cr. At that time, we were much smaller, so it looked like a large number.