# PB Fintech (POLICYBZR) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/policybzr

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹967
- Change: -0.51%
- As of: 2026-11-06
- 1D return: -0.51%
- 5D return: -3.31%
- 1M return: -2.91%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

POLICYBZR is in a strong downtrend across daily, weekly, and monthly horizons, with the price trading below all key moving averages and the Supertrend indicator. As of 2026-11-06, the stock closed at ₹967.00, reflecting a -45.0% return over the past year and a current drawdown of -56.4%. The daily ADX of 48.08 indicates strong trend conviction, while the Minus DI (33.59) significantly outweighs the Plus DI (11.78), confirming bearish momentum. Price positioning is near the lower end of its 252-day range (+4.9%) and 50-day range (+5.2%). A Doji pattern formed on 2026-11-06 suggests indecision after recent volatility, including a moderate upward gap on 2026-11-05. Immediate resistance sits at ₹969.67 (pivot, +0.28%), while support is found at ₹960.33 (-0.69%). Annualized volatility stands at +47.5%, highlighting significant risk.

- Trend: Strong bearish structure on daily (ADX 48.08) and weekly timeframes; price below all major MAs and Supertrend.
- Levels: Resistance at ₹969.67 (+0.28%) and ₹981.33 (+1.48%); Support at ₹960.33 (-0.69%) and ₹948.67 (-1.90%).
- Momentum: Bearish bias confirmed by Minus DI (33.59) vs Plus DI (11.78); Doji candle on 2026-11-06 signals short-term indecision.
- Risk: High volatility (+47.5% annualized) and deep drawdown (-56.4%); YTD return is -46.5%.

- Doji
- Bullish Engulfing Reversal
- Harami
- Outside Bar
- Bearish Engulfing Reversal

### News Context

In the seven-day window ending November 6, 2026, Policybazaar (PB Fintech) experienced significant price volatility following its Q2 earnings release. On November 2, shares fell 7% to hit a 52-week low as the market reacted to mixed financial results. While total insurance premiums surged 38% year-on-year, adjusted EBITDA missed expectations due to higher advertising expenses, and sequential momentum in credit disbursals was muted as the company curbed marketing growth to manage costs and regulatory risks.

Despite the immediate negative price reaction, Jefferies issued a 'Buy' call on November 2 with a target price of ₹1,540, citing that revenue growth outpaced expectations despite the EBITDA miss. This divergence highlights a split in analyst sentiment between short-term profitability pressures and longer-term revenue trajectory. Broader market context saw Indian benchmarks rally on November 2, reclaiming the Nifty 23,400 mark driven by strong corporate earnings from peers like Reliance Industries and Dixon Technologies, though this macro tailwind did not prevent PB Fintech’s specific decline.

- {'date': '2026-11-02', 'detail': 'Shares fell 7% to a 52-week low following Q2 results.', 'event': 'Share Price Action'}
- {'date': '2026-11-02', 'detail': 'Insurance premiums rose 38% YoY; however, adjusted EBITDA missed estimates due to higher ad spend, and credit disbursement momentum slowed.', 'event': 'Financial Performance'}
- {'date': '2026-11-02', 'detail': "Jefferies assigned a 'Buy' rating with a ₹1,540 target, noting revenue beat expectations despite the EBITDA miss.", 'event': 'Analyst View'}

- [DIIs overtake FIIs in Nifty 50 ownership as domestic share hits 16-quarter high](https://www.cnbctv18.com/market/diis-overtake-fiis-nifty-50-holdings-domestic-investors-alpha-article-20027843.htm)
- [Nifty Outlook for November 3: Can Reliance Industries help Nifty move back to 24,000 in the near-term](https://www.cnbctv18.com/market/nifty-outlook-for-november-3-can-reliance-industries-help-nifty-move-back-to-24000-in-the-near-term-20025310.htm)
- [Broker’s call: PB Fintech (Buy)](https://www.thehindubusinessline.com/markets/brokers-call-pb-fintech-buy/article71656563.ece)
- [Sensex surges 1,233 points, Nifty reclaims 23,400: 5 reasons why stock market rallied today](https://www.cnbctv18.com/market/sensex-surges-1233-points-nifty-reclaims-23400-5-reasons-why-stock-market-rallied-today-20024952.htm)
- [Q2 results impact: PB Fintech shares fall 7% to hit 52-week low amid mixed views from brokerages](https://www.moneycontrol.com/news/business/markets/q2-results-impact-pb-fintech-shares-fall-7-to-hit-52-week-low-amid-mixed-views-from-brokerages-14066109.html)

### Official Filings

PB Fintech Limited (Policybazaar) reported unaudited financial results for the quarter and half-year ended September 30, 2026. The company posted consolidated operating revenue of ₹2,178 Cr and a profit after tax (PAT) of ₹192 Cr for Q2 FY 2026-27. Total insurance premium facilitated during the quarter stood at ₹9,385 Cr. Management addressed potential impacts from the Insurance Regulatory and Development Authority of India’s (IRDAI) consultation paper on distribution payouts, noting that while the final regulatory framework has not yet been issued, the company intends to implement it once finalized. These disclosures were filed with the NSE following Board approval on October 30, 2026.

- Q2 FY27 Financials: Consolidated operating revenue of ₹2,178 Cr; PAT of ₹192 Cr; quarterly total insurance premium of ₹9,385 Cr.
- Regulatory Monitoring: Management highlighted pending IRDAI consultation on distribution payouts; implementation is conditional upon the finalization of the regulatory framework.
- Disclosure Timeline: Results approved by the Board on October 30, 2026, with earnings call transcripts and audio recordings filed on November 4, 2026.

- [PB Fintech Limited has informed the Exchange about Transcripts of the Earnings Call conducted on October 30, 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/POLICYBZR_04112026200650_IntimationTranscriptofEarningsCallQ2FY27.pdf)
- [PB Fintech Limited has informed the Exchange about Link of Recording-Audio Recording of the Earnings Call conducted on October 30, 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/POLICYBZR_31102026153333_AudioRecordingEarningCallQ2FY27PBFL.pdf)
- [PB Fintech Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19824_WebXMLFile_20261031_154500486.xml)
- [PB Fintech Limited has informed the Exchange about Copy of Newspaper Publication of Financial Results for the quarter and half year ended September 30, 2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/POLICYBZR_31102026213345_IntimationNewspaperPublication30092026PBFL.pdf)
- [PB Fintech Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/POLICYBZR_30102026173744_OutcomeofBoardMeetingPOLICYBZRQ2FY27.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1750589_30102026112529_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1750601_30102026115230_WEB.xml)
- [PB Fintech Limited has informed the Exchange about Schedule of Earnings conference call for shareholders, investors and analyst |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/POLICYBZR_27102026212824_EarningsCallIntimationPOLICYBZRQ2FY27.pdf)
- [Financial Results/Other business matters |Meeting Date: 30-Oct-2026](https://nsearchives.nseindia.com/corporate/POLICYBZR_27102026212142_AdvanceNoticeofBMQ2FY27POLICYBZR.pdf)
- [PB Fintech Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19824_WebXMLFile_20261027_215049289.xml)

### Fundamentals

PB Fintech (PolicyBazaar) demonstrates a strengthening operating trajectory in Q2 FY2026-27, with revenue from operations rising sequentially to ₹2,178 crore and net profit increasing to ₹192 crore. This follows a robust annual trend where sales grew to ₹6,794 crore in FY2026, up from ₹4,977 crore in FY2025, while operating profit surged from ₹93 crore to ₹508 crore. Earnings quality has improved significantly, evidenced by the Cash Flow from Operations/EBITDA ratio turning positive at 15% in FY2026, compared to negative values in prior years. Return on Capital Employed (ROCE) also climbed to 10% in FY2026, up from 6% in FY2025.

However, balance-sheet health shows mixed signals. While cash reserves grew to ₹390 crore as of September 2026, trade receivables more than doubled to ₹2,116 crore, contributing to an extended Cash Conversion Cycle of 93 days. Borrowings have also risen steadily, reaching ₹410 crore in September 2026. Institutional ownership is shifting, with DIIs increasing their stake to 44.85% while FIIs reduced theirs to 27.12%. The key checkpoint remains monitoring whether the rapid growth in receivables impacts working capital efficiency and cash flow generation in subsequent quarters.

- Q2 FY2026-27 revenue rose to ₹2,178 crore with net profit at ₹192 crore, continuing strong YoY sales growth trends seen in FY2026.
- Operating leverage improved markedly: Operating Profit jumped to ₹508 crore in FY2026 (from ₹93 crore in FY2025), and ROCE reached 10%.
- Cash conversion turned positive in FY2026 (CFO/EBITDA at 15%), reversing negative historical trends, though borrowings increased to ₹410 crore by Sep 2026.
- Trade receivables surged to ₹2,116 crore in Sep 2026, extending the Cash Conversion Cycle to 93 days; this working capital dynamic requires close monitoring.

### Bear Case

PB Fintech faces significant near-term headwinds, evidenced by a 7% share price drop to a 52-week low following its Q2 results. Technical indicators reinforce this caution: the stock is trading at ₹967 with a bearish Supertrend on both daily and monthly timeframes. Momentum is deteriorating, as shown by the 20-day EMA slope of -53.52 and a Plus DI (11.78) significantly lower than the Minus DI (33.59). The stock has suffered a severe drawdown, currently down 56.4% from its peak, with a maximum historical drawdown of 58.1%. Annualized volatility stands at +47.5%, indicating high risk. While Jefferies cites strong September quarter revenue growth (+38% YoY in insurance premiums), it also notes an adjusted EBITDA miss driven by higher advertising expenses and muted sequential momentum in credit disbursals due to cost management. This mix of margin pressure and slowing growth momentum underpins the cautious outlook.

- Price action remains weak, with shares hitting a 52-week low after a 7% fall on Q2 results; current price is ₹967 against resistance at ₹969.67.
- Technical trend is bearish across daily and monthly charts, with the 20-day EMA slope at -53.52 and ADX at 48.08 confirming strong downward momentum.
- Drawdown metrics are elevated: current drawdown is -56.4% with annualized volatility of +47.5%, signaling substantial downside risk.
- Operational constraints include an adjusted EBITDA miss due to higher ad spend and muted credit disbursement momentum, despite 38% YoY premium growth.

- [DIIs overtake FIIs in Nifty 50 ownership as domestic share hits 16-quarter high](https://www.cnbctv18.com/market/diis-overtake-fiis-nifty-50-holdings-domestic-investors-alpha-article-20027843.htm)
- [Nifty Outlook for November 3: Can Reliance Industries help Nifty move back to 24,000 in the near-term](https://www.cnbctv18.com/market/nifty-outlook-for-november-3-can-reliance-industries-help-nifty-move-back-to-24000-in-the-near-term-20025310.htm)
- [Broker’s call: PB Fintech (Buy)](https://www.thehindubusinessline.com/markets/brokers-call-pb-fintech-buy/article71656563.ece)
- [Sensex surges 1,233 points, Nifty reclaims 23,400: 5 reasons why stock market rallied today](https://www.cnbctv18.com/market/sensex-surges-1233-points-nifty-reclaims-23400-5-reasons-why-stock-market-rallied-today-20024952.htm)
- [Q2 results impact: PB Fintech shares fall 7% to hit 52-week low amid mixed views from brokerages](https://www.moneycontrol.com/news/business/markets/q2-results-impact-pb-fintech-shares-fall-7-to-hit-52-week-low-amid-mixed-views-from-brokerages-14066109.html)
- [PB Fintech Limited has informed the Exchange about Transcripts of the Earnings Call conducted on October 30, 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/POLICYBZR_04112026200650_IntimationTranscriptofEarningsCallQ2FY27.pdf)
- [PB Fintech Limited has informed the Exchange about Link of Recording-Audio Recording of the Earnings Call conducted on October 30, 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/POLICYBZR_31102026153333_AudioRecordingEarningCallQ2FY27PBFL.pdf)
- [PB Fintech Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19824_WebXMLFile_20261031_154500486.xml)
- [PB Fintech Limited has informed the Exchange about Copy of Newspaper Publication of Financial Results for the quarter and half year ended September 30, 2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/POLICYBZR_31102026213345_IntimationNewspaperPublication30092026PBFL.pdf)
- [PB Fintech Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/POLICYBZR_30102026173744_OutcomeofBoardMeetingPOLICYBZRQ2FY27.pdf)

### FAQs

**What were the key financial results for PB Fintech in Q2 FY 2026-27?**

For the quarter ended September 30, 2026, PB Fintech reported consolidated operating revenue of ₹2,178 Cr, total insurance premiums of ₹9,385 Cr, and a profit after tax (PAT) of ₹192 Cr. These figures were disclosed in the earnings call transcript filed with the NSE on November 4, 2026.

**How did the stock perform following the Q2 results announcement?**

Shares fell 7% to hit a 52-week low as brokerages expressed mixed views on future performance. As of November 6, 2026, the stock was trading at ₹967.0, reflecting a year-to-date decline of -46.5% and a one-year return of -45.0%. The stock is currently in a bearish trend across daily, weekly, and monthly timeframes.

**What regulatory developments are being monitored by management?**

Management discussed potential effects of IRDAI’s consultation paper on distribution payouts during the October 30 earnings call. However, the final regulatory framework had not been issued as of that date, and management stated it would implement the framework only once finalized.

**What is the current technical outlook for POLICYBZR?**

Technical indicators show a strong bearish trend, with the Supertrend direction negative on daily, weekly, and monthly charts. The stock faces immediate resistance at ₹969.67 (pivot) and ₹981.33 (high), while support levels are located at ₹960.33 and ₹948.67. The annualized volatility stands at +47.5%.

- [DIIs overtake FIIs in Nifty 50 ownership as domestic share hits 16-quarter high](https://www.cnbctv18.com/market/diis-overtake-fiis-nifty-50-holdings-domestic-investors-alpha-article-20027843.htm)
- [Nifty Outlook for November 3: Can Reliance Industries help Nifty move back to 24,000 in the near-term](https://www.cnbctv18.com/market/nifty-outlook-for-november-3-can-reliance-industries-help-nifty-move-back-to-24000-in-the-near-term-20025310.htm)
- [Broker’s call: PB Fintech (Buy)](https://www.thehindubusinessline.com/markets/brokers-call-pb-fintech-buy/article71656563.ece)
- [Sensex surges 1,233 points, Nifty reclaims 23,400: 5 reasons why stock market rallied today](https://www.cnbctv18.com/market/sensex-surges-1233-points-nifty-reclaims-23400-5-reasons-why-stock-market-rallied-today-20024952.htm)
- [Q2 results impact: PB Fintech shares fall 7% to hit 52-week low amid mixed views from brokerages](https://www.moneycontrol.com/news/business/markets/q2-results-impact-pb-fintech-shares-fall-7-to-hit-52-week-low-amid-mixed-views-from-brokerages-14066109.html)
- [PB Fintech Limited has informed the Exchange about Transcripts of the Earnings Call conducted on October 30, 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/POLICYBZR_04112026200650_IntimationTranscriptofEarningsCallQ2FY27.pdf)
- [PB Fintech Limited has informed the Exchange about Link of Recording-Audio Recording of the Earnings Call conducted on October 30, 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/POLICYBZR_31102026153333_AudioRecordingEarningCallQ2FY27PBFL.pdf)
- [PB Fintech Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19824_WebXMLFile_20261031_154500486.xml)
- [PB Fintech Limited has informed the Exchange about Copy of Newspaper Publication of Financial Results for the quarter and half year ended September 30, 2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/POLICYBZR_31102026213345_IntimationNewspaperPublication30092026PBFL.pdf)
- [PB Fintech Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/POLICYBZR_30102026173744_OutcomeofBoardMeetingPOLICYBZRQ2FY27.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Strong Downtrend
- Weekly trend: Moderate Downtrend
- Pivot point: ₹969.67
- Risk regime: Higher Price Risk

### Support levels
- 945.1
- 916
- 960.3333333333333

### Resistance levels
- 1092
- 1502.05
- 1756.99697265625

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.51% |
| return_10 | -4.73% |
| return_1m | -6.56% |
| return_1y | -44.98% |
| return_20 | -2.91% |
| return_3m | -39.52% |
| return_5 | -3.31% |
| return_6m | -43.18% |
| return_since_start | -54.37% |
| return_ytd | -46.45% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -58.12% |
| annualized_volatility | +47.54% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# PB Fintech Limited Q2 FY2026-27: Revenue and profit grow

Revenue from operations rose 15.3% quarter on quarter and 35.0% year on year to ₹2,178 crore in Q2 FY2026-27. Profit for the period increased 18.1% from the previous quarter to ₹192 crore, while diluted EPS was ₹4.13. Operating cash flow was positive, but investing outflows exceeded it, leaving free cash flow negative at ₹316 crore.

## Revenue and earnings increased

Revenue from operations grew by ₹289 crore from ₹1,888 crore in Q1 FY2026-27 to ₹2,178 crore in Q2. Expenses rose 14.9% quarter on quarter to ₹2,068 crore. Profit before tax increased 15.9% to ₹210 crore from ₹181 crore, and profit for the period rose to ₹192 crore from ₹163 crore.

Year on year, revenue from operations increased 35.0% from ₹1,614 crore in Q2 FY2025-26. Profit before tax rose 50.7% to ₹210 crore from ₹139 crore, and profit for the period grew 42.6% to ₹192 crore from ₹135 crore.

Q2 tax expense was ₹13 crore, down from ₹16 crore in Q1 FY2026-27. Employee benefit expense was ₹773 crore, depreciation and amortisation expense was ₹44 crore, and finance costs rose 4.9% quarter on quarter to ₹11.7 crore.

## Cash flow remained weaker than reported earnings

Cash flow from operating activities was ₹62 crore in Q2 FY2026-27. Investing activities used ₹378 crore and financing activities used ₹46 crore. Free cash flow was negative ₹316 crore, as the investing outflow more than offset operating cash generation.

## Receivables and investments rose at the reporting date

At 30 September 2026, cash and cash equivalents were ₹390 crore, compared with ₹746 crore at 31 March 2026 and ₹244 crore at 30 September 2025. Current investments stood at ₹1,715 crore, up from ₹1,356 crore at 31 March 2026 and ₹1,114 crore at 30 September 2025. Noncurrent investments were ₹1,086 crore.

Current trade receivables increased to ₹2,116 crore at 30 September 2026, from ₹1,729 crore at 31 March 2026 and ₹1,169 crore at 30 September 2025. Trade payables were ₹553 crore and current liabilities were ₹1,136 crore. Total assets were ₹9,375 crore, alongside equity of ₹7,780 crore.

## Per-share performance

Diluted EPS was ₹4.13 in Q2 FY2026-27, up from ₹3.50 in Q1 FY2026-27 and ₹2.89 in Q2 FY2025-26. Trailing twelve-month EPS was ₹17.45.

## Key Takeaway

Q2 FY2026-27 delivered strong year-on-year revenue and profit growth, with further quarter-on-quarter gains in earnings. However, operating cash flow of ₹62 crore was far below the ₹378 crore investing outflow, leaving free cash flow negative at ₹316 crore; current trade receivables also rose to ₹2,116 crore. These cash-flow and balance-sheet movements are important alongside the earnings growth.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +0.00%
- FII holding: +30.67%
- DII holding: +40.42%
- Mutual fund holding: +28.32%
- Retail holding: +2.64%
- Promoter pledged: +0.00%

### Major reported shareholders

- Info Edge (India) Limited — +6.47%
- Macritchie Investments Pte Ltd — +6.47%
- Hdfc Mutual Fund - Hdfc Mid-Cap Fund — +4.87%
- Nps Trust- A/C Sbi Pension Fund Scheme - State Govt — +4.17%
- Diphda Internet Services Limited — +4.08%
- Mirae Asset Large & Midcap Fund — +3.45%
- Yashish Dahiya — +3.30%
- Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Midcap Fund — +3.04%
- Startup Investments (Holding) Limited — +1.87%
- Tata Aia Life Insurance Co Ltd-Whole Life Mid Cap Equity Fund-Ulif 009 04/01/07 Wle 110 — +1.84%

## Official filings

- 2026-11-07 — Generic Announcement: PB Fintech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19824_WebXMLFile_20261107_135401149.xml)
- 2026-11-07 — Generic Announcement: PB Fintech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLICYBZR_07112026143723_DisclosureStockExchangesAllotmentofESOP071126.pdf)
- 2026-11-07 — Generic Announcement: PB Fintech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_19824_WebXMLFile_20261107_144807152.xml)
- 2026-11-04 — Generic Announcement: PB Fintech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLICYBZR_04112026200650_IntimationTranscriptofEarningsCallQ2FY27.pdf)
- 2026-10-31 — Generic Announcement: PB Fintech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLICYBZR_31102026153333_AudioRecordingEarningCallQ2FY27PBFL.pdf)
- 2026-10-31 — Generic Announcement: PB Fintech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19824_WebXMLFile_20261031_154500486.xml)
- 2026-10-31 — Generic Announcement: PB Fintech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLICYBZR_31102026213345_IntimationNewspaperPublication30092026PBFL.pdf)
- 2026-10-30 — Generic Announcement: PB Fintech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLICYBZR_30102026173744_OutcomeofBoardMeetingPOLICYBZRQ2FY27.pdf)
- 2026-10-30 — Financial Results Filing: PB Fintech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1750589_30102026112529_WEB.xml)
- 2026-10-30 — Financial Results Filing: PB Fintech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1750601_30102026115230_WEB.xml)
- 2026-10-27 — Generic Announcement: PB Fintech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLICYBZR_27102026212824_EarningsCallIntimationPOLICYBZRQ2FY27.pdf)
- 2026-10-27 — Board Meeting Notice: PB Fintech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLICYBZR_27102026212142_AdvanceNoticeofBMQ2FY27POLICYBZR.pdf)
- 2026-10-27 — Generic Announcement: PB Fintech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19824_WebXMLFile_20261027_215049289.xml)
- 2026-10-27 — Board Meeting Notice: PB Fintech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_19824_WebXMLFile_20261027_214838803.xml)
- 2026-10-27 — Generic Announcement: PB Fintech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_19824_WebXMLFile_20261027_214838803.xml)
- 2026-10-27 — Generic Announcement: PB Fintech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_19824_WebXMLFile_20261027_215532246.xml)
- 2026-10-27 — Board Meeting Notice: PB Fintech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_19824_WebXMLFile_20261027_215532246.xml)
- 2026-10-21 — Shareholding Disclosure: PB Fintech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1743089_21102026045244_WEB.xml)
- 2026-10-09 — Generic Announcement: PB Fintech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLICYBZR_09102026162640_CertificateRegulation7430092026.pdf)
- 2026-09-30 — Generic Announcement: PB Fintech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLICYBZR_30092026191308_VotingResultsScrutinizerReportAGM2026PBFL.pdf)
- 2026-09-30 — Generic Announcement: PB Fintech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLICYBZR_30092026200702_DisclosurePBFAAInfusion30092026.pdf)
- 2026-09-30 — Generic Announcement: PB Fintech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_19824_WebXMLFile_20260930_201048182.xml)
- 2026-09-30 — Generic Announcement: PB Fintech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_19824_WebXMLFile_20260930_200957965.xml)
- 2026-09-29 — Generic Announcement: PB Fintech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/POLICYBZR_29092026163223_ClosureofTradingWindowPOLICYBZRQ2FY27.pdf)
- 2026-09-29 — Generic Announcement: PB Fintech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_19824_WebXMLFile_20260929_164154463.xml)

## News and market events

- 2026-11-07 — The Hindu: **Muted markets, active managers: How equity MFs recast their portfolios in this Samvat** — Indian actively-managed equity funds attracted net inflows of ₹5.2 lakh crore and increased assets under management from ₹31 lakh crore to ₹35.4 lakh crore during the period between Diwali 2025 and Diwali 2026, leading to significant portfolio reshuffling across sectors. — [Source](https://www.thehindubusinessline.com/portfolio/mutual-funds/muted-markets-active-managers-how-equity-mfs-recast-their-portfolios-in-this-samvat/article71677679.ece)
- 2026-11-05 — CNBC-TV18: **DIIs overtake FIIs in Nifty 50 ownership as domestic share hits 16-quarter high** — Domestic institutional investors have overtaken foreign institutional investors in Nifty 50 ownership, with their stake rising to a 16-quarter high of 25.8% while FII holdings fell to a 16-quarter low of 22.1%, according to Elara Securities data. This structural shift is evident across broader market indices and specific sectors, as domestic funds increased exposure in banking, auto, and IT stocks while reducing foreign reliance in mid-cap and small-cap segments. — [Source](https://www.cnbctv18.com/market/diis-overtake-fiis-nifty-50-holdings-domestic-investors-alpha-article-20027843.htm)
- 2026-11-02 — CNBC-TV18: **Nifty Outlook for November 3: Can Reliance Industries help Nifty move back to 24,000 in the near-term** — Indian equity markets extended their recovery with the Nifty reclaiming 23,400, driven by easing crude oil prices, positive global cues, and strong corporate earnings that boosted investor sentiment. Analysts from HDFC Securities, LKP Securities, and Religare Broking view the underlying trend as sharply positive, identifying key resistance levels between 23,500 and 23,700 that could pave the way for a rally toward 24,000 if sustained. Market participants are expected to monitor developments in West Asia, crude price movements, and the outcome of the November 3 US midterm elections for further — [Source](https://www.cnbctv18.com/market/nifty-outlook-for-november-3-can-reliance-industries-help-nifty-move-back-to-24000-in-the-near-term-20025310.htm)
- 2026-11-02 — The Hindu: **Broker’s call: PB Fintech (Buy)** — Jefferies has issued a 'Buy' call on PB Fintech with a target price of ₹1,540, citing strong September quarter revenue growth that outpaced expectations despite an adjusted EBITDA miss driven by higher advertising expenses. The broker noted that while total insurance premiums rose 38 per cent year-on-year, sequential momentum in credit disbursals was muted as the company subdued marketing growth to manage costs and regulatory risks. — [Source](https://www.thehindubusinessline.com/markets/brokers-call-pb-fintech-buy/article71656563.ece)
- 2026-11-02 — CNBC-TV18: **Sensex surges 1,233 points, Nifty reclaims 23,400: 5 reasons why stock market rallied today** — Indian equity benchmarks opened with sharp gains, as the Sensex surged 1,233 points to 75,693 and the Nifty reclaimed the 23,400 mark. The rally was primarily driven by Reliance Industries' strong Q2 results, which added over ₹1.8 lakh crore to its market capitalisation, alongside a nearly 4% decline in crude oil prices that boosted paint and oil marketing stocks. Other major contributors included positive quarterly performances from Dixon Technologies, Delhivery, and Muthoot Finance, while auto stocks showed mixed performance based on monthly sales data. — [Source](https://www.cnbctv18.com/market/sensex-surges-1233-points-nifty-reclaims-23400-5-reasons-why-stock-market-rallied-today-20024952.htm)
- 2026-11-02 — MONEYCONTROL: **Q2 results impact: PB Fintech shares fall 7% to hit 52-week low amid mixed views from brokerages** — PB Fintech shares dropped 7% to reach a 52-week low in response to its Q2 results, with brokerages expressing mixed views on the company's future performance. — [Source](https://www.moneycontrol.com/news/business/markets/q2-results-impact-pb-fintech-shares-fall-7-to-hit-52-week-low-amid-mixed-views-from-brokerages-14066109.html)
- 2026-11-02 — BUSINESS: **PB Fintech slumps 7% as ad spends bite in Q2; analysts say worst priced in** — PB Fintech shares fell 7% after reporting Q2 FY27 results where operating margins came in below expectations due to a 59% jump in advertising spend, despite strong top-line and PAT growth. Brokerages Elara and JM Financial adjusted their FY27-29 estimates to reflect higher marketing costs and potential revenue declines from proposed IRDAI distribution reforms, though both viewed the current valuation as attractive given the prior 47% stock decline on regulatory fears. — [Source](https://www.business-standard.com/markets/news/pb-fintech-share-price-slumps-7-as-ad-spends-bite-in-q2-analysts-say-worst-priced-in-126110200402_1.html)
- 2026-11-02 — BUSINESSTODAY: **PB Fintech shares hit 52-week low after Q2 results; why is the stock falling?** — PB Fintech Ltd shares hit a 52-week low following its Q2 FY27 earnings report where adjusted EBITDA missed estimates due to higher expenses, while analysts flagged regulatory risks from an IRDAI consultation paper on commission caps. Brokerages including Jefferies, Motilal Oswal, and JM Financial revised their estimates and targets, citing elevated costs and potential impacts from proposed IRDAI guidelines on distribution norms and take rates. — [Source](https://www.businesstoday.in/markets/stocks/story/pb-fintech-shares-hit-52-week-low-after-q2-results-why-is-the-stock-falling-565060-2026-11-02)
- 2026-11-02 — CNBC-TV18: **PB Fintech shares at 52-week low as analysts mixed post Q2 results; check targets** — Global investment banks HSBC, Nomura, and Bernstein issued mixed ratings and target prices for PB Fintech following its Q2 results, citing regulatory uncertainty from IRDAI proposals and mixed financial performance metrics. The stock fell to a 52-week low as analysts weighed healthy growth momentum against elevated operating costs and potential regulatory impacts on commission structures. — [Source](https://www.cnbctv18.com/market/pb-fintech-share-price-q2-results-brokerages-hsbc-nomura-bernstein-rating-target-price-upside-guidance-irdai-norms-20024494.htm)
- 2026-11-02 — BUSINESSTODAY: **VBL, PB Fintech, Welspun Living shares: Jefferies sees 22-54% upside; here's why** — Global investment bank Jefferies issued 'Buy' ratings on Varun Beverages Ltd (VBL), Welspun Living Ltd, and PB Fintech Ltd, citing specific operational drivers and financial metrics for each company. The analyst firm provided target prices implying upside potentials of 28%, 22%, and 54% respectively, while adjusting estimates to reflect recent earnings performance and macroeconomic factors. — [Source](https://www.businesstoday.in/markets/stocks/story/vbl-pb-fintech-welspun-living-shares-jefferies-sees-22-54-upside-heres-why-565016-2026-11-02)
- 2026-11-02 — BUSINESS: **Stocks to watch: RIL, Jio Platforms, NTPC, Muthoot Finance, Bank of Baroda** — Multiple Indian listed companies reported Q2FY27 financial results showing growth in profits and revenues, including Reliance Industries, Jio Platforms, NTPC, Muthoot Finance, Bank of Baroda, PB Fintech, Coal India, CDSL, and Nazara Technologies. Additionally, Affle 3i signed an agreement to acquire Perion Network, and the CCI approved Xavier Niel's proposal to acquire a stake in Vodafone Group Plc, impacting Vodafone Idea. — [Source](https://www.business-standard.com/markets/news/stocks-to-watch-ril-jio-platforms-ntpc-muthoot-finance-bank-of-baroda-126110200060_1.html)
- 2026-10-30 — Times of India: **PB Fintech Q2 results: Profit rises 43% to Rs 192 crore, revenue grows 35%** — PB Fintech reported a 43% year-on-year increase in consolidated PAT to Rs 192 crore and a 35% YoY rise in operating revenue to Rs 2,178 crore for the second quarter of FY2026-27. — [Source](https://timesofindia.indiatimes.com/business/india-business/pb-fintech-q2-results-profit-rises-43-to-rs-192-crore-revenue-grows-35/articleshow/135364693.cms)
- 2026-10-30 — Economic Times: **PB Fintech Q2 profit rises 43% to Rs 192 crore, revenue grows 35% - The Economic Times** — PB Fintech reported a 43% year-on-year increase in consolidated net profit to Rs 192.39 crore for the September quarter, driven by strong growth in its insurance marketplace business and higher renewal income. — [Source](https://economictimes.indiatimes.com/tech/technology/pb-fintech-q2-profit-rises-43-to-rs-192-crore-revenue-grows-35/articleshow/135363912.cms)
- 2026-10-30 — CNBC-TV18: **PB Fintech Q2 Results: Net profit jumps as new protection premium, core insurance revenue surge** — PB Fintech Ltd reported a 42.7% YoY rise in Q2FY27 net profit to ₹192.5 crore and a 35% revenue increase to ₹2,178 crore, supported by a 38% growth in total insurance premium and 22% growth in core lending disbursals. Despite these operational gains, the company's shares declined 1.76%, as analysts Bernstein and Nomura cited near-term regulatory pain and cut price targets following an IRDAI draft paper. — [Source](https://www.cnbctv18.com/market/stocks/pb-fintech-share-price-q2-results-net-profit-jumps-as-new-protection-premium-core-insurance-revenue-surge-20023618.htm)
- 2026-10-30 — MONEYCONTROL: **PB Fintech’s net profit rises 43% to Rs 192 crore in Q2, revenue up 35% to Rs 2,178 crore** — PB Fintech announced that its net profit increased by 43% to Rs 192 crore and revenue grew by 35% to Rs 2,178 crore during the second quarter. — [Source](https://www.moneycontrol.com/technology/b-fintech-s-net-profit-rises-43-to-rs-192-crore-in-q2-revenue-up-35-to-rs-2-178-crore-article-14064621.html)
- 2026-10-27 — Mint: **Where are mutual funds investing your money? These stocks saw the biggest buying in September 2026. Check full list | Mint** — Mutual funds bought shares worth thousands of crores in September 2026. Reliance Industries, Swiggy and Gland Pharma led purchases across large-, mid- and small-cap categories. Check the top five stocks in each segment, according to Value Research. — [Source](https://www.livemint.com/money/personal-finance/where-are-mutual-funds-investing-your-money-these-stocks-saw-the-biggest-buying-in-september-2026-check-full-list-11793106475931.html)
- 2026-10-09 — The Hindu: **IRDAI may implement insurance commission caps as early as January** — IRDAI may introduce insurance commission caps from January, aiming to lower consumer costs as brokers warn of job risks and fintech firms face earnings pressure. — [Source](https://www.thehindubusinessline.com/money-and-banking/irdai-may-roll-out-insurance-commission-caps-as-early-as-january/article71562468.ece)
- 2026-10-08 — CNBC-TV18: **PB Fintech share price target gets a 31% cut from Nomura -  Here's why** — Nomura now expects PB Fintech's Cash Flow to grow at a Compounded Annual Growth Rate (CAGR) of 13.2% compared to the earlier projection of 15.1% over financial year 2026-2030. — [Source](https://www.cnbctv18.com/market/pb-fintech-share-price-nomura-cuts-target-profit-estimate-expenses-irdai-guidelines-impact-buy-sell-20007191.htm)
- 2026-09-30 — CNBC-TV18: **FIIs offload nearly ₹25,500 crore in 3 days as market fails to hold recovery** — Despite the strong domestic institutional buying, the benchmark indices ended lower. The Sensex slipped 49 points to 72,480, while the Nifty fell 96 points to 22,620 on Wednesday, failing to hold its recovery and ending below the 22,700 mark. — [Source](https://www.cnbctv18.com/market/fiis-offload-nearly-%25e2%2582%25b925500-crore-in-3-days-as-market-fails-to-hold-recovery-20002318.htm)
- 2026-09-30 — Economic Times: **Macquarie sees strong earnings recovery for banks, picks 5 stocks to outperform** — Macquarie expects Indian banks to deliver 18% EPS growth in FY28, supported by higher margins, stronger loan demand, easing liquidity pressures and stable asset quality. The brokerage upgraded Bank of Baroda, Kotak Mahindra Bank and select financial stocks. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/macquarie-sees-strong-earnings-recovery-for-banks-picks-5-stocks-to-outperform/articleshow/134593479.cms)
- 2026-09-30 — CNBC-TV18: **Market Close Explained: Why Nifty ended lower despite gains in banking stocks** — The Nifty Bank was the relative outperformer, rising 373 points to 54,633, while the Nifty Midcap index gained 13 points to 59,332. — [Source](https://www.cnbctv18.com/market/market-close-explained-why-nifty-ended-lower-despite-gains-in-banking-stocks-20002098.htm)
- 2026-09-30 — BUSINESSTODAY: **PB Fintech shares hit fresh 52-week low as stock dwindles 44% in five sessions** — PB Fintech, PB Fintech shares, PB Fintech 52 week low, PB Fintech share, Why PB Fintech share falling, Why PB Fintech falling, PB Fintech news, PB Fintech below listing price, PB Fintech IPO price — [Source](https://www.businesstoday.in/markets/stocks/story/pb-fintech-shares-hit-fresh-52-week-low-as-stock-dwindles-44-in-five-sessions-558762-2026-09-30)
- 2026-09-30 — CNBC-TV18: **11:11 | BSE hits Nifty 50, Trump renames AI as Super Intelligence, CAFE-3 norms notified and more** — Hello and Welcome to CNBC-TV18's Morning Newsletter In today's edition, we take a look at BSE Ltd, which is now on the Nifty 50, replacing Wipro, Trump signs accord with tech CEOs, renaming AI as Super Intelligence, CAFE-3 norms notified, West Asia crude oil flows hit 98% of pre-war level, Apple Pay in India, also, PB Fintech gets another sharp target cut and more only with CNBC-TV18. — [Source](https://www.cnbctv18.com/business/1111-bse-hits-nifty-50-trump-renames-ai-as-super-intelligence-cafe-3-norms-notified-and-more-20001554.htm)
- 2026-09-30 — BUSINESSTODAY: **PB Fintech shares: Bernstein sees ‘do-or-die’ 18 months, cuts target by 53%; here's why** — PB Fintech share price, PB Fintech shares, PB Fintech news, PB Fintech target, policybazaar, PB Fintech share price today — [Source](https://www.businesstoday.in/markets/stocks/story/pb-fintech-shares-bernstein-sees-do-or-die-18-months-cuts-target-53-heres-why-558687-2026-09-30)
- 2026-09-30 — CNBC-TV18: **The latest market fall has made at least seven stocks attractive, says Deven Choksey** — Deven Choksey advises investors to focus on frontline stocks tied to discretionary spending and power utilities, while remaining cautious on PB Fintech's potential shift to underwriting. — [Source](https://www.cnbctv18.com/market/stocks/stock-market-fall-has-made-at-least-three-sectors-attractive-says-deven-choksey-alpha-article-20001608.htm)

## Business profile

**Strategic vision:** Digital services platform for insurance and credit products.

### Business segments
- **Policybazaar:** An online marketplace for comparing and purchasing insurance policies across health, life, motor, and travel segments from multiple providers.
- **Paisabazaar:** A credit marketplace offering comparisons and matching services for personal loans, home loans, business loans, and credit cards, partnering with financial institutions.

### Competitive strengths
- Technology and distribution partnership with financial institutions.
- Integrated digital platforms for insurance and credit comparison.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/policybzr
Markdown representation: https://faxioms.com/stocks/policybzr?render=md