PB Fintech Limited Earnings Summary — Q4 FY2026
PB Fintech Delivers Robust Performance with 89% Profit Growth as Operating Leverage Kicks In
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 8.4% sequentially in Q1 FY2027.
- Revenue of ₹1,888 Cr is 40.1% higher year-on-year.
- Revenue has compounded at 27.7% annualised over the last 10 quarters.
- Net profit of ₹163 Cr is 92.5% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at 55.2% annualised across the period.
- Operating margin stands at 7.2% in Q1 FY2027.
- Operating margin expanded by 469 bps year-on-year.
- Over the last two years operating margin has expanded by 1112 bps.
- PBT margin is 9.5%.
- Expense growth of 33.3% remained below revenue growth of 40.1%.
- Operating profit of ₹137 Cr is 297.8% higher year-on-year.
- Operating leverage continues to improve.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 74/100 (Strong) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 1,888 | 2,061 | 1,771 | 1,614 | 1,348 | 1,508 | 1,292 | 1,167 | 1,010 | 1,090 |
| Expenses | Improving | 1,751 | 1,849 | 1,612 | 1,516 | 1,314 | 1,396 | 1,264 | 1,175 | 1,050 | 1,085 |
| Operating Profit | Volatile | 137 | 212 | 159 | 98 | 34 | 112 | 28 | -8 | -39 | 5 |
| Operating Margin | Volatile | 7.2% | 10.3% | 9.0% | 6.1% | 2.5% | 7.4% | 2.1% | -0.7% | -3.9% | 0.5% |
| Other Income | Stable | 93 | 104 | 85 | 87 | 100 | 101 | 100 | 106 | 141 | 98 |
| Interest | Improving | 11 | 10 | 9 | 9 | 9 | 9 | 9 | 9 | 6 | 7 |
| Depreciation | Improving | 40 | 35 | 34 | 34 | 33 | 33 | 34 | 29 | 25 | 24 |
| Profit Before Tax | Improving | 179 | 272 | 201 | 142 | 92 | 171 | 85 | 60 | 71 | 73 |
| Tax | Volatile | 16 | 11 | 12 | 7 | 8 | 1 | 14 | 9 | 11 | 13 |
| Net Profit | Volatile | 163 | 261 | 189 | 135 | 85 | 170 | 72 | 51 | 60 | 61 |
| Net Margin | Improving | 8.6% | 12.7% | 10.7% | 8.4% | 6.3% | 11.3% | 5.5% | 4.3% | 6.0% | 5.6% |
Key Takeaways
- PB Fintech achieved its highest-ever quarterly net profit of 261 Cr in Q4 FY2026.
- The company demonstrated significant operating leverage, with OPM expanding to 10% from 7% in the same quarter last year.
- Revenue growth remains strong at 37% YoY, driven by the platform's 93% market share in the digital insurance marketplace.
- Profitability is supported by a consistent stream of Other Income (104 Cr in Q4) from its massive 5,000+ Cr cash pile.
- Operating Profit surged to 212 Cr, more than doubling from the 112 Cr recorded in Q4 FY2025.
- The transition from loss-making to high-margin profitability is validated by the consistent sequential growth in EBIT and PAT over the last four quarters.
Management Guidance
Management is focusing on 'profitable growth' and leveraging its 86.9 million user database to increase cross-selling opportunities while maintaining a dominant market position.
Sentiment Shift
Improving
The company has moved from breakeven to clear double-digit operating margins and high-growth PAT, showcasing a successful transition to its harvest phase.
Outlook
The outlook remains highly constructive as the company capitalizes on its digital moat and massive datasets. While valuation remains a focal point, the 112% TTM profit growth suggests strong momentum into FY2027.
From the Annual Report (Key Quotes)
“PB Fintech has transitioned from a high-growth, loss-making platform to a profitable market leader.”
“Validating the platform's operating leverage as OPM improved to 7% for the full year.”
“Management has successfully navigated the firm into a 'profitable-growth' era, a transition many of its peers failed to achieve.”
Official Quarterly Documents
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This summary is AI-generated from PB Fintech Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.