Board Change • Jun 20
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Jagennath Jayanthi was the last independent director to join the board, commencing their role in 2026. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 20
Pb Fintech Limited Announces Board and Committee Changes, Effective June 18, 2026 PB Fintech Limited informed that Mr. Kaushik Dutta and Ms. Lilian Jessie Paul completed their first term of office as Independent Directors of the Company on June 18, 2026. Owing to their current professional preoccupations and other personal commitments, they expressed their inability to continue for a second term. Accordingly, upon completion of their first term, they ceased to be Independent Directors of the Company with effect from the close of business hours on June 18, 2026. Consequent to the cessation of their directorships, Mr. Kaushik Dutta ceased to be the Chairperson of the Audit Committee and a Member of the M&A and Investment Committee. Further, Ms. Lilian Jessie Paul ceased to be a Member of the Stakeholders’ Relationship Committee and the Corporate Social Responsibility Committee of the Company, with effect from the aforesaid date. Reported Earnings • May 07
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: ₹14.58 (up from ₹7.77 in FY 2025). Revenue: ₹67.9b (up 37% from FY 2025). Net income: ₹6.70b (up 90% from FY 2025). Profit margin: 9.9% (up from 7.1% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 2.2%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Insurance industry in India. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 03
Third quarter 2026 earnings: EPS and revenues exceed analyst expectations Third quarter 2026 results: EPS: ₹4.11 (up from ₹1.57 in 3Q 2025). Revenue: ₹18.6b (up 44% from 3Q 2025). Net income: ₹1.89b (up 165% from 3Q 2025). Profit margin: 10% (up from 5.5% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Insurance industry in India. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 30
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: ₹2.94 (up from ₹1.12 in 2Q 2025). Revenue: ₹16.1b (up 38% from 2Q 2025). Net income: ₹1.35b (up 166% from 2Q 2025). Profit margin: 8.4% (up from 4.3% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 8.9%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Insurance industry in India. Over the last 3 years on average, earnings per share has increased by 127% per year but the company’s share price has only increased by 69% per year, which means it is significantly lagging earnings growth. Announcement • Sep 05
PB Fintech Limited, Annual General Meeting, Sep 26, 2025 PB Fintech Limited, Annual General Meeting, Sep 26, 2025, at 11:00 Indian Standard Time. Reported Earnings • Aug 01
First quarter 2026 earnings: EPS misses analyst expectations First quarter 2026 results: EPS: ₹1.85 (up from ₹1.34 in 1Q 2025). Revenue: ₹13.5b (up 33% from 1Q 2025). Net income: ₹845.9m (up 41% from 1Q 2025). Profit margin: 6.3% (up from 6.0% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Insurance industry in India. Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Announcement • Jul 14
PB Fintech Limited to Report Q1, 2026 Results on Jul 31, 2025 PB Fintech Limited announced that they will report Q1, 2026 results on Jul 31, 2025 Board Change • Jun 05
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 1 highly experienced director. Independent Director Dhruv Shringi was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 29
PB Fintech Limited to Report Q4, 2025 Results on May 15, 2025 PB Fintech Limited announced that they will report Q4, 2025 results on May 15, 2025 Announcement • Feb 28
PB Fintech Appoints Naveen Kukreja as Group President Naveen Kukreja, who will now assume the post of group president at parent PB Fintech. Reported Earnings • Jan 31
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: ₹1.57 (up from ₹0.85 in 3Q 2024). Revenue: ₹12.9b (up 48% from 3Q 2024). Net income: ₹715.4m (up 88% from 3Q 2024). Profit margin: 5.5% (up from 4.4% in 3Q 2024). Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) missed analyst estimates by 5.7%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Insurance industry in India. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Announcement • Jan 17
PB Fintech Limited to Report Q3, 2025 Results on Jan 30, 2025 PB Fintech Limited announced that they will report Q3, 2025 results on Jan 30, 2025 New Risk • Nov 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Reported Earnings • Nov 06
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: ₹1.12 (up from ₹0.45 loss in 2Q 2024). Revenue: ₹12.7b (up 57% from 2Q 2024). Net income: ₹506.7m (up ₹709.1m from 2Q 2024). Profit margin: 4.0% (up from net loss in 2Q 2024). Revenue exceeded analyst estimates by 7.8%. Earnings per share (EPS) missed analyst estimates by 17%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Insurance industry in India. Announcement • Oct 18
PB Fintech Limited Announces Reconstitution of Committees of the Board of Directors PB Fintech Limited announced that the Board of Directors of the Company, by resolution passed by circulation on October 17, 2024, have reconstituted the Audit Committee, Risk Management Committee & the Corporate Social Responsibility Committee of the Board as detailed below, with effect from October 17, 2024. Reconstitution of the Audit Committee by including the name of Mr. Nilesh Bhaskar Sathe, Non- Executive Independent Director as a Member of the Committee and Ms. Kitty Agarwal, Non- Executive Non-Independent Director as Member of the Committee in place of Mr. Yashish Dahiya, Chairman & CEO of the Company. Post reconstitution, the composition of the Audit Committee shall be as under: Mr. Kaushik Dutta - Chairperson, Non-Executive Independent Director; Mr. Nilesh Bhaskar Sathe - Member, Non-Executive Independent Director; Ms. Kitty Agarwal - Member, Non-Executive Non Independent Director. Reconstitution of the Risk Management Committee by including the name of Mr. Dhruv Shringi, Non-Executive Independent Director as a Member of the Committee. Post reconstitution, the composition of the Risk Management Committee shall be as under: Mr. Yashish Dahiya -Chairperson Chairman, Executive Director & CEO; Mr. Alok Bansal - Member, Executive Vice Chairman and Whole Time Director; Mr. Dhruv Shringi - Member, Non-Executive Independent Director. Reconstitution of the Corporate Social Responsibility Committee ("CSR Committee") by including the name of Mr. Alok Bansal, Executive Vice Chairman and Whole Time Director as a Member of the CSR Committee. Post reconstitution, the composition of the CSR Committee shall be as under: Mr. Yashish Dahiya - Chairperson, Chairman, Executive Director & CEO; Ms. Lilian Jessie Paul – Member, Non-Executive Independent Director; Mr. Alok Bansal - Member, Executive Vice Chairman and Whole Time Director. Announcement • Oct 15
PB Fintech Limited to Report Q2, 2025 Results on Nov 05, 2024 PB Fintech Limited announced that they will report Q2, 2025 results on Nov 05, 2024 Announcement • Sep 25
PB Fintech Limited Announces Resignation of Gopalan Srinivasan as Independent Director PB Fintech Limited announced that Mr. Gopalan Srinivasan has tendered his resignation as the independent director of the company, with effect from close of business hours on 24 September 2024, pursuant to his appointment as Managing Director and CEO of Galaxy Health Insurance Company Limited. Consequently, he shall also cease to be a Member of the Audit Committee, Risk Management Committee and Corporate Social Responsibility Committee of the Company. Names of listed entities in which the resigning director holds directorships, indicating the category of directorship and membership of board committees, if any: Directorship: Medi Assist Healthcare Services Limited; Membership: Audit Committee Chairperson; Stakeholders Relationship Committee Chairperson; Corporate Social Responsibility Committee Member; Risk Management Committee Member. Announcement • Sep 12
PB Fintech Limited, Annual General Meeting, Sep 27, 2024 PB Fintech Limited, Annual General Meeting, Sep 27, 2024, at 11:00 Indian Standard Time. Announcement • Aug 29
Tencent Reportedly Likely to Sell 2.1% Stake in PB Fintech Via Block Deal for INR 16,100 Million Chinese multinational technology conglomerate Tencent Holdings Limited is likely to sell a 2.1% stake in PB Fintech Limited (NSEI:POLICYBZR) via block deal at an estimated price of INR 16,100 million. The floor price for the issue is expected at INR 1,660.2 per share, which is at a discount of 4.4% over 28 August 2024 closing price of INR 1,737.10. The news was reported by ET Now. Tencent held a 4.6% stake representing over 19.4 million shares in the Policybazaar parent through Tencent Cloud Europe B.V. as of June 30, 2024. Price Target Changed • Aug 09
Price target increased by 11% to ₹1,474 Up from ₹1,332, the current price target is an average from 18 analysts. New target price is approximately in line with last closing price of ₹1,452. Stock is up 100% over the past year. The company is forecast to post earnings per share of ₹8.80 for next year compared to ₹1.50 last year. Reported Earnings • Aug 07
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: ₹1.34 (up from ₹0.26 loss in 1Q 2024). Revenue: ₹10.1b (up 52% from 1Q 2024). Net income: ₹601.8m (up ₹716.0m from 1Q 2024). Profit margin: 6.0% (up from net loss in 1Q 2024). Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 29%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Insurance industry in India. Announcement • Jul 22
PB Fintech Limited to Report Q1, 2025 Results on Aug 06, 2024 PB Fintech Limited announced that they will report Q1, 2025 results on Aug 06, 2024 New Risk • Jun 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Price Target Changed • May 10
Price target increased by 13% to ₹1,131 Up from ₹1,004, the current price target is an average from 17 analysts. New target price is 5.9% below last closing price of ₹1,201. Stock is up 98% over the past year. The company is forecast to post earnings per share of ₹7.93 for next year compared to ₹1.50 last year. Reported Earnings • May 08
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: ₹1.50 (up from ₹10.95 loss in FY 2023). Revenue: ₹38.2b (up 49% from FY 2023). Net income: ₹669.8m (up ₹5.54b from FY 2023). Profit margin: 1.8% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 5.5%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Insurance industry in India. Price Target Changed • Jan 31
Price target increased by 8.9% to ₹953 Up from ₹875, the current price target is an average from 16 analysts. New target price is 5.0% below last closing price of ₹1,003. Stock is up 149% over the past year. The company is forecast to post earnings per share of ₹1.45 next year compared to a net loss per share of ₹10.95 last year. Reported Earnings • Jan 31
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: ₹0.85 (up from ₹1.96 loss in 3Q 2023). Revenue: ₹9.65b (up 58% from 3Q 2023). Net income: ₹380.5m (up ₹1.25b from 3Q 2023). Profit margin: 3.9% (up from net loss in 3Q 2023). Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 76%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Insurance industry in India. Reported Earnings • Nov 05
Second quarter 2024 earnings released: ₹0.45 loss per share (vs ₹4.19 loss in 2Q 2023) Second quarter 2024 results: ₹0.45 loss per share (improved from ₹4.19 loss in 2Q 2023). Revenue: ₹8.12b (up 42% from 2Q 2023). Net loss: ₹202.4m (loss narrowed 89% from 2Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Insurance industry in India. Announcement • Aug 29
PB Fintech Limited Appoints Sarbvir Singh as Joint Group CEO PB Fintech, has elevated Sarbvir Singh as an executive director being designated as joint group chief executive officer, the company said in a stock exchange filing on August 26. Singh was initially the chief executive of Policybazaar designated as president of Policybazaar Insurance Brokers, the insurance vertical within PB Fintech. The company's cofounder, Yashish Dahiya, will continue to be the group CEO of PB Fintech. Its other cofounder, Alok Bansal, is designated as executive vice chairman of PB Fintech. The lending vertical of the company, Paisabazaar, has Naveen Kukreja as its chief executive officer. Singh has a graduate degree from IIT Delhi and a masters in business administration from IIM Ahmedabad. Prior to joining PB Fintech Group in 2019, he was an investor running WestBridge Capital as its managing partner, and before that with Capital18, part of the Network18 media group. Price Target Changed • Aug 10
Price target increased by 7.6% to ₹834 Up from ₹775, the current price target is an average from 14 analysts. New target price is 14% above last closing price of ₹732. Stock is up 26% over the past year. The company is forecast to post earnings per share of ₹0.30 next year compared to a net loss per share of ₹10.97 last year. Reported Earnings • Aug 08
First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2024 results: ₹0.26 loss per share (improved from ₹4.62 loss in 1Q 2023). Revenue: ₹7.57b (up 50% from 1Q 2023). Net loss: ₹114.2m (loss narrowed 94% from 1Q 2023). Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) exceeded analyst estimates by 56%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Insurance industry in India. New Risk • Aug 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Announcement • Aug 03
PB Fintech Limited to Report Q1, 2024 Results on Aug 07, 2023 PB Fintech Limited announced that they will report Q1, 2024 results on Aug 07, 2023 Reported Earnings • May 23
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: ₹10.97 loss per share (improved from ₹20.34 loss in FY 2022). Revenue: ₹28.2b (up 98% from FY 2022). Net loss: ₹4.87b (loss narrowed 42% from FY 2022). Revenue exceeded analyst estimates by 7.5%. Earnings per share (EPS) also surpassed analyst estimates by 7.5%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Insurance industry in India. Announcement • May 17
PB Fintech Limited to Report Q4, 2023 Results on May 22, 2023 PB Fintech Limited announced that they will report Q4, 2023 results on May 22, 2023 Reported Earnings • Feb 12
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: ₹1.96 loss per share (improved from ₹7.00 loss in 3Q 2022). Revenue: ₹6.10b (up 66% from 3Q 2022). Net loss: ₹873.0m (loss narrowed 71% from 3Q 2022). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 20%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Insurance industry in India. Announcement • Jan 31
PB Fintech Limited to Report Q3, 2023 Results on Feb 10, 2023 PB Fintech Limited announced that they will report Q3, 2023 results on Feb 10, 2023 Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Executive Independent Director Lilian Paul was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 09
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: ₹4.19 loss per share (improved from ₹7.00 loss in 2Q 2022). Net loss: ₹1.87b (loss narrowed 37% from 2Q 2022). Revenue exceeded analyst estimates by 8.6%. Earnings per share (EPS) missed analyst estimates by 26%. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Insurance industry in India. Announcement • Nov 02
PB Fintech Limited to Report Q2, 2023 Results on Nov 07, 2022 PB Fintech Limited announced that they will report Q2, 2023 results on Nov 07, 2022 Announcement • Sep 04
PB Fintech Limited, Annual General Meeting, Sep 26, 2022 PB Fintech Limited, Annual General Meeting, Sep 26, 2022, at 15:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Standalone Financial Statements and Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31;to consider appointment of Director in place of Mr. Yashish Dahiya (DIN: 00706336), who retires by rotation and being eligible, offers himself for re-appointment; and to consider other matters. Reported Earnings • Aug 11
First quarter 2023 earnings: EPS and revenues miss analyst expectations First quarter 2023 results: ₹4.62 loss per share (down from ₹1.70 loss in 1Q 2022). Revenue: ₹5.53b (up 104% from 1Q 2022). Net loss: ₹2.04b (loss widened 217% from 1Q 2022). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 9.4%. Over the next year, revenue is forecast to grow 35%, compared to a 9.4% growth forecast for the industry in India. Announcement • Aug 04
PB Fintech Limited to Report Q1, 2023 Results on Aug 10, 2022 PB Fintech Limited announced that they will report Q1, 2023 results on Aug 10, 2022 Reported Earnings • May 29
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: ₹20.34 loss per share (down from ₹4.11 loss in FY 2021). Revenue: ₹15.5b (up 75% from FY 2021). Net loss: ₹8.33b (loss widened 454% from FY 2021). Revenue exceeded analyst estimates by 8.5%. Earnings per share (EPS) missed analyst estimates by 2.0%. Over the next year, revenue is forecast to grow 25%, compared to a 6.6% growth forecast for the insurance industry in India. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Lilian Paul was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 09
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: ₹7.00 loss per share. Revenue: ₹3.67b (flat on 3Q 2021). Net loss: ₹2.98b (flat on 3Q 2021). Revenue exceeded analyst estimates by 33%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 51%, compared to a 9.1% growth forecast for the industry in India. Announcement • Feb 01
PB Fintech Limited to Report Q3, 2022 Results on Feb 07, 2022 PB Fintech Limited announced that they will report Q3, 2022 results on Feb 07, 2022 Recent Insider Transactions • Nov 21
Insider recently sold ₹42m worth of stock On the 17th of November, Radhika Binani sold around 30k shares on-market at roughly ₹1,400 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹260m more than they bought in the last 12 months. Board Change • Nov 16
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Independent Director Lilian Paul was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. 
