Global brokerage Jefferies reiterated its buy rating on PB Fintech with a target price of ₹2,100, highlighting that the company’s second-quarter performance surpassed both its own and consensus estimates. | Photo Credit: istock.com
It reported a consolidated net profit of ₹50.98 crore in the year-ago period.
Q2 performance snapshot
Its revenue from operations increased 38 per cent y-o-y to 1,613.55 crore from 1,167.23 crore in the year-ago. Adjusted EBITDA jumped 180 per cent y-o-y to ₹156 crore, and margins improved from 5 per cent to 10 per cent.
The total insurance premium for the quarter was at ₹7,605 crore, up 40 per cent y-o-y and 15 per cent up q-o-q, led by a 44 per cent jump in new protection business (health insurance premiums grew 60 per cent).
On an annualised basis, the total insurance premium stood at ₹30,420 crore, a 40 per cent y-o-y increas. The core online insurance premium soared 34 per cent.
Renewal and trail revenue on a 12-month rolling basis stood at ₹774 crore, up 39 per cent y-o-y, led by a 47 per cent jump in the insurance segment.
The credit revenue for the quarter was recorded at ₹106 crore and disbursal stood at ₹2,280 crore for the core online business.
Brokerage view
Global brokerage Jefferies reiterated its buy rating on PB Fintech with a target price of ₹2,100, highlighting that the company’s second-quarter performance surpassed both its own and consensus estimates.
HDFC Securities maintained buy at ₹2,210 target price.
PB Fintehc stock traded 4.66 per cent positive at ₹1,803.25 on the BSE at 11.59 am, hitting a high of ₹1,813.70.
Published on October 30, 2025
