PB Fintech Limited — Quarter ended March 31, 2026 (FY ended March 31, 2026)
PB FINTECH LIMITED
Regd. Office: Plot No. 119, Sector 44, Gurugram, Haryana – 122001
CIN: L51909HR2008PLC037998
CONSOLIDATED BALANCE SHEET AS AT MARCH 31, 2026
(₹ in Lakhs)
| Particulars | As at March 31, 2026 (Audited) | As at March 31, 2025 (Audited) (Restated)* |
|---|---|---|
| ASSETS | ||
| Non-current assets | ||
| Property, plant and equipment | 12,154 | 12,725 |
| Right of use assets | 30,886 | 28,385 |
| Goodwill | 138 | 138 |
| Other intangible assets | 939 | 535 |
| Investments accounted for using the equity method | 55,320 | 1,499 |
| Financial assets | ||
| – Investments | 130,202 | 151,824 |
| – Trade receivables | 23,901 | 11,546 |
| – Loans for financial activities | – | 56 |
| – Other financial assets | 133,356 | 117,942 |
| Income tax assets (net) | 43,048 | 40,503 |
| Other non-current assets | 3,106 | 2,470 |
| Total non-current assets (A) | 433,050 | 367,623 |
| Current assets | ||
| Financial assets | ||
| – Investments | 135,580 | 63,996 |
| – Trade receivables | 172,870 | 99,961 |
| – Cash and cash equivalents | 74,626 | 56,052 |
| – Bank balances other than cash and cash equivalents | 1,359 | 23,262 |
| – Loans | 132 | 2,094 |
| – Loans for financial activities | 55 | 275 |
| – Other financial assets | 43,600 | 133,400 |
| Other current assets | 9,380 | 6,391 |
| Total current assets (B) | 437,602 | 385,431 |
| Total assets (A+B) | 870,652 | 753,054 |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| Equity share capital | 9,254 | 9,185 |
| Other equity | 721,925 | 634,061 |
| Non-controlling interest | 573 | 554 |
| Total equity (C) | 731,752 | 643,800 |
| Liabilities | ||
| Financial liabilities | ||
| – Lease liabilities | 30,479 | 27,557 |
| Provisions | 9,224 | 6,474 |
| Total non-current liabilities (D) | 39,703 | 34,031 |
| Current liabilities | ||
| Financial liabilities | ||
| – Lease liabilities | 5,536 | 4,665 |
| – Trade payables | ||
| (a) total outstanding dues of micro and small enterprises | 1,539 | 1,236 |
| (b) total outstanding dues other than (a) above | 45,574 | 35,544 |
| – Other financial liabilities | 29,000 | 19,388 |
| Provisions | 6,840 | 5,240 |
| Other current liabilities | 10,708 | 9,150 |
| Total current liabilities (E) | 99,197 | 75,223 |
| Total equity and liabilities (C+D+E) | 870,652 | 753,054 |
PB FINTECH LIMITED
REGD. OFFICE: PLOT NO. 119, SECTOR 44, GURUGRAM, HARYANA- 122001
CIN: L51909HR2008PLC037998
CONSOLIDATED STATEMENT OF AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2026
(₹ in Lakhs)
| Particulars | Quarter ended March 31, 2026 Refer note 20 |
Quarter ended December 31, 2025 (Unaudited) |
Quarter ended March 31, 2025 Refer note 19 (Restated)* |
Year ended March 31, 2026 (Audited) |
Year ended March 31, 2025 (Audited) (Restated)* |
|---|---|---|---|---|---|
| I Income | |||||
| Revenue from operations | 206,133 | 177,115 | 150,787 | 679,402 | 497,721 |
| Other income | 10,431 | 8,485 | 10,111 | 37,243 | 40,781 |
| Total income (I) | 216,564 | 185,600 | 160,898 | 716,645 | 538,502 |
| II Expenses | |||||
| Employee benefits expense | 69,934 | 60,670 | 50,821 | 246,591 | 195,867 |
| Finance costs | 978 | 931 | 917 | 3,709 | 3,383 |
| Depreciation and amortisation expense | 3,487 | 3,376 | 3,329 | 13,597 | 12,127 |
| Advertising and promotion expenses | 37,078 | 30,858 | 27,740 | 121,261 | 109,013 |
| Network and internet expenses | 5,756 | 5,323 | 3,639 | 19,650 | 13,905 |
| Other expenses | 71,539 | 64,386 | 57,378 | 240,976 | 169,670 |
| Total expenses (II) | 188,772 | 165,544 | 143,824 | 645,784 | 503,965 |
| III Profit before share of profit of associates, exceptional items and tax (I-II) | 27,792 | 20,056 | 17,074 | 70,861 | 34,537 |
| IV Share of (loss)/profit of associates (net) | (602) | 51 | (22) | (124) | 26 |
| V Profit before exceptional items and tax (III+IV) | 27,190 | 20,107 | 17,052 | 70,737 | 34,563 |
| VI Exceptional items- gain (refer note 10) | – | – | – | – | 4,105 |
| VII Profit before tax (V+VI) | 27,190 | 20,107 | 17,052 | 70,737 | 38,668 |
| VIII Income tax expense: | |||||
| Current tax | 1,074 | 1,164 | 78 | 3,724 | 3,446 |
| Total income tax expense (VIII) | 1,074 | 1,164 | 78 | 3,724 | 3,446 |
| IX Profit for the quarter/year (VII-VIII) | 26,116 | 18,943 | 16,974 | 67,013 | 35,222 |
| X Other comprehensive income/(loss), net of tax | |||||
| Items that will not be reclassified to profit or loss | |||||
| – Remeasurement of post employment benefit obligations [(loss)/gain] | (178) | 16 | (530) | 51 | (705) |
| – Share of other comprehensive gain/(loss) of associates | 1 | (1) | – | – | – |
| Items that will be reclassified to profit or loss | |||||
| – Exchange differences on translation of foreign operations [gain/(loss)] | 484 | 177 | (120) | 1,172 | (25) |
| – Changes in the fair value of debt instruments measured at FVOCI | – | – | (2) | – | (2) |
| Total other comprehensive income/(loss), net of income tax for the quarter/year (X) | 307 | 192 | (652) | 1,223 | (732) |
| XI Total comprehensive income for the quarter/year (IX+X) | 26,423 | 19,135 | 16,322 | 68,236 | 34,490 |
| Profit is attributable to: | |||||
| Owners of PB Fintech Limited | 26,111 | 18,938 | 16,970 | 66,994 | 35,207 |
| Non-controlling interests | 5 | 5 | 4 | 19 | 15 |
| Other Comprehensive income/(loss) is attributable to: | |||||
| Owners of PB Fintech Limited | 307 | 192 | (651) | 1,223 | (731) |
| Non-controlling interests | – | – | (1) | – | (1) |
| Total comprehensive income is attributable to: | |||||
| Owners of PB Fintech Limited | 26,418 | 19,130 | 16,319 | 68,217 | 34,476 |
| Non-controlling interests | 5 | 5 | 3 | 19 | 14 |
| XII Paid up equity share capital (equity shares of face value of ₹ 2/- each) | 9,254 | 9,253 | 9,185 | 9,254 | 9,185 |
| XIII Other equity including non-controlling interest | 722,498 | 634,615 | |||
| XIV Earnings per equity share (in ₹) [face value per share of ₹ 2/-] | |||||
| 1) Basic | 5.65 | 4.11 | 3.71 | 14.58 | 7.75 |
| 2) Diluted | 5.61 | 4.08 | 3.65 | 14.46 | 7.63 |
| Not annualised | Not annualised | Not annualised |
PB FINTECH LIMITED
Regd. Office: Plot No. 119, Sector 44, Gurugram, Haryana – 122001
CIN: L51909HR2008PLC037998
CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED MARCH 31, 2026
(₹ in Lakhs)
| Particulars | For the year ended March 31, 2026 (Audited) | For the year ended March 31, 2025 (Audited) (Restated)* |
|---|---|---|
| A. Cash flow from operating activities | ||
| Profit before tax | 70,737 | 38,668 |
| Adjustments for: | ||
| Depreciation and amortisation expense | 13,597 | 12,127 |
| Property, plant and equipment written off | 4 | 35 |
| Profit on sale of property, plant and equipment | (15) | (34) |
| Net gain on sale on financial assets mandatorily measured at fair value through profit and loss | (1,953) | (2,076) |
| Net fair value gains on financial assets mandatorily measured at fair value through profit or loss | (2,380) | (1,570) |
| Loss allowances on loans towards financing activities no longer required written back/made (net of adjustment for loan written off) | (7) | 115 |
| Loss allowances on trade receivables and other assets (net adjustment of other assets written off) | 326 | 1,644 |
| Loss/(gain) on termination of leases | 40 | (219) |
| Interest income | (32,720) | (36,863) |
| Exceptional items | – | (4,105) |
| Share of loss/(profit) of associates accounted for using the equity method (net) | 124 | (26) |
| Finance costs | 3,709 | 3,383 |
| Employee share-based payment expense | 19,417 | 21,368 |
| Operating profit before working capital changes | 70,879 | 32,447 |
| Change in operating assets and liabilities: | ||
| Increase in trade receivables | (85,232) | (45,305) |
| Increase in trade payables | 10,304 | 2,013 |
| Increase in other assets | (3,335) | (5,039) |
| Increase in other financial liabilities | 9,520 | 5,005 |
| Increase in loans | (38) | (23) |
| Decrease in loans for financial activities | 283 | 527 |
| Increase in other financial assets | (717) | (607) |
| Increase in provisions | 4,401 | 3,396 |
| Increase in other current liabilities | 1,558 | 1,008 |
| Cash inflow/(outflow) from operations | 7,623 | (6,578) |
| Income taxes paid (net of refunds) | (3,474) | (11,746) |
| Net inflow/(outflow) from operating activities (A) | 4,149 | (18,324) |
| B. Cash flows from investing activities | ||
| Purchase of property, plant and equipment and intangible assets including capital advances and payable for capital assets | (7,990) | (9,712) |
| Proceeds from sale of property, plant and equipment | 204 | 64 |
| Investments in associate | (53,940) | – |
| Purchase consideration towards business combination | – | (903) |
| Proceeds from sale of associate and subsidiary | – | 7,800 |
| Purchase of corporate bonds | (6,252) | (78,337) |
| Proceeds from maturity of corporate bonds | 23,419 | 100 |
| Purchase of mutual funds | (633,467) | (385,628) |
| Proceeds from sale of mutual funds | 568,667 | 389,475 |
| Investment in bank deposits | (56,703) | (258,861) |
| Proceeds from maturity of bank deposits | 157,051 | 340,919 |
| Proceeds from maturity of other deposits | – | 821 |
| Loan given | – | (2,000) |
| Repayment of loan | 2,000 | – |
| Interest received | 28,388 | 42,040 |
| Net cash inflow from investing activities (B) | 21,377 | 45,778 |
| C. Cash flows from financing activities | ||
| Proceeds from issue of equity shares | 274 | 161 |
| Principal elements of lease payments | (4,712) | (4,102) |
| Interest paid on lease liabilities | (3,681) | (3,323) |
| Net results of ESOP trust operations | (5) | (5) |
| Net cash outflow from financing activities (C) | (8,124) | (7,269) |
| Net increase in cash and cash equivalents (A+B+C) | 17,402 | 20,185 |
| Cash and cash equivalents at the beginning of the year | 56,052 | 32,487 |
| Acquired on business combination | – | 3,405 |
| Effects of exchange rate changes on cash and cash equivalents | 1,172 | (25) |
| Cash and cash equivalents at end of the year | 74,626 | 56,052 |
PB FINTECH LIMITED
Regd. Office: Plot No. 119, Sector 44, Gurugram, Haryana – 122001
CIN: L51909HR2008PLC037998
CONSOLIDATED STATEMENT OF AUDITED SEGMENT INFORMATION FOR THE QUARTER AND YEAR ENDED MARCH 31, 2026
(₹ in Lakhs)
| Particulars | Quarter ended March 31, 2026 Refer note 20 |
Quarter ended December 31, 2025 (Unaudited) |
Quarter ended March 31, 2025 Refer note 19 (Restated)* |
Year ended March 31, 2026 (Audited) |
Year ended March 31, 2025 (Audited) (Restated)* |
|---|---|---|---|---|---|
| I Segment revenue | |||||
| Insurance broker services | 190,060 | 157,357 | 132,239 | 608,928 | 429,798 |
| Other services | 16,073 | 19,758 | 18,548 | 70,474 | 67,923 |
| Total revenue | 206,133 | 177,115 | 150,787 | 679,402 | 497,721 |
| II Segment results | |||||
| Insurance broker services | 30,155 | 23,487 | 16,040 | 86,076 | 42,041 |
| Other services | (1,987 |