Startup Atlas · Financial Services

Policybazaar ListedUnicorn

PB Fintech Limited ● Gurugram, Haryana ● Founded 2008 ● policybazaar.com ↗
Yashish Dahiya · Co-Founder & Group CEO Alok Bansal · Co-Founder & Executive Vice Chairman Avaneesh Nirjar · Co-Founder & COO
$712.9 MnTotal funding (tracked)
10Funding rounds
18 Mar 2021Last round

Policybazaar: Financial Breakdown

Figures below are FY26 Q4, consolidated basis, compiled from filings and disclosures — every year cited to its source.

Rs 2,061 crore operating revenue (up 37% YoY; total income Rs 2,166 crore)Total revenue
Net profit of Rs 261 crore (up 54% YoY)Net profit

Revenue by fiscal year

0200400600800$M₹4,977.2 Cr (Revenue from operations): $599M599₹6,794.0 Cr (Revenue from operations): $769M769Rs 367 crore (revenue from operations): $43.7M44Rs 540.3 crore (operating revenue, doubled from Rs 270.76 crore in Q4 FY21): $64.3M64FY22 Q4Rs 505.18 crore (more than doubled from Rs 237.73 crore in Q1 FY22): $60.1M60Rs 573.5 crore operating revenue: $68.3M68Rs 610 crore (up 66% YoY from Rs 367 crore): $72.6M73Rs 869 crore (up 61% YoY from Rs 540 crore): $103.5M104FY23 Q4Rs 666 crore (up 32% YoY from Rs 505 crore): $79.3M79Rs 812 crore: $96.7M97Rs 871 crore (Rs 870.89 crore): $103.7M104Rs 1,089.57 crore (up 25.36% YoY from Rs 869.10 crore): $129.7M130FY24 Q4Rs 1,010.5 crore (up 51.8% YoY from Rs 665.6 crore): $121.6M122Rs 1,167 crore: $140.4M140Rs 1,291.62 crore operating revenue (total incl. non-operating income Rs 1,392.02 crore): $155.4M155Rs 1,508 crore operating revenue (total topline Rs 1,609 crore): $181.5M182FY25 Q4Rs 1,348 crore (up 33% YoY): $152.6M153Rs 1,614 crore operating revenue (up 38% YoY from Rs 1,167 crore): $182.7M183Rs 1,771 crore operating revenue (up 37% YoY from Rs 1,291.6 crore): $200.5M201Rs 2,061 crore operating revenue (up 37% YoY; total income Rs 2,166 crore): $233.3M233FY26 Q4

Net profit / loss by fiscal year

-50-250255075100$M₹352.2 Cr restated (Profit for the year): $42.4M42₹670.1 Cr (Profit for the year): $75.8M76Net loss of Rs 298 crore: $-35.5M-36Consolidated net loss of Rs 219.60 crore: $-26.1M-26FY22 Q4Consolidated net loss of Rs 204.33 crore: $-24.3M-24Consolidated net loss of Rs 186.5 crore (EquityBulls cites Rs 186.63 crore): $-22.2M-22Consolidated net loss of Rs 87 crore (down from Rs 298 crore loss in Q3 FY22): $-10.4M-10Net loss narrowed to Rs 9 crore (Rs 9.34 crore): $-1.1M-1.1FY23 Q4Net loss of Rs 11.9 crore (down 94% YoY from Rs 204 crore loss): $-1.4M-1.4Consolidated net loss of Rs 20.24 crore: $-2.4M-2.4Net profit of Rs 37.23 crore (first profitable quarter): $4.4M4.4Net profit of Rs 60.19 crore (vs loss of Rs 9.34 crore a year ago): $7.2M7.2FY24 Q4Net profit of Rs 60.2 crore (vs loss of Rs 11.9 crore a year ago): $7.2M7.2Net profit of Rs 51 crore: $6.1M6.1Net profit of Rs 71.54 crore (up 92% YoY from Rs 37.23 crore): $8.6M8.6Net profit of Rs 171 crore (2.85x from Rs 60 crore in Q4 FY24): $20.6M21FY25 Q4Net profit of Rs 85 crore (up 41% YoY): $9.6M9.6Net profit of Rs 135 crore (up 165% YoY from Rs 51 crore): $15.3M15Net profit of Rs 189 crore (up ~165% YoY from Rs 71.5 crore): $21.4M21Net profit of Rs 261 crore (up 54% YoY): $29.5M30FY26 Q4

Bars below the line are a net loss for that year.

Fiscal year Revenue Total expenses EBITDA Net profit / loss Source
FY26 Q4 Rs 2,061 crore operating revenue (up 37% YoY; total income Rs 2,166 crore) — — Net profit of Rs 261 crore (up 54% YoY) source
FY26 Q3 Rs 1,771 crore operating revenue (up 37% YoY from Rs 1,291.6 crore) Rs 1,612 crore Adjusted EBITDA of Rs 199 crore (up 154% YoY; margin improved from 6% to 11%) Net profit of Rs 189 crore (up ~165% YoY from Rs 71.5 crore) source
FY26 Q2 Rs 1,614 crore operating revenue (up 38% YoY from Rs 1,167 crore) — Adjusted EBITDA of Rs 156 crore (up 180% YoY; margin doubled from 5% to 10%) Net profit of Rs 135 crore (up 165% YoY from Rs 51 crore) source
FY26 Q1 Rs 1,348 crore (up 33% YoY) — EBITDA of Rs 133.14 crore Net profit of Rs 85 crore (up 41% YoY) source
FY25 Q4 Rs 1,508 crore operating revenue (total topline Rs 1,609 crore) Rs 1,437 crore (up 29% YoY from Rs 1,114 crore) — Net profit of Rs 171 crore (2.85x from Rs 60 crore in Q4 FY24) source
FY25 Q3 Rs 1,291.62 crore operating revenue (total incl. non-operating income Rs 1,392.02 crore) Rs 1,307 crore — Net profit of Rs 71.54 crore (up 92% YoY from Rs 37.23 crore) source
FY25 Q2 Rs 1,167 crore Rs 1,175 crore — Net profit of Rs 51 crore source
FY25 Q1 Rs 1,010.5 crore (up 51.8% YoY from Rs 665.6 crore) Rs 1,050 crore Adjusted EBITDA of Rs 49 crore (margin 4.9%) Net profit of Rs 60.2 crore (vs loss of Rs 11.9 crore a year ago) source
FY24 Q4 Rs 1,089.57 crore (up 25.36% YoY from Rs 869.10 crore) Rs 1,085 crore Adjusted EBITDA of Rs 324 crore (margin up to 14% from 6%) Net profit of Rs 60.19 crore (vs loss of Rs 9.34 crore a year ago) source
FY24 Q3 Rs 871 crore (Rs 870.89 crore) Rs 898 crore — Net profit of Rs 37.23 crore (first profitable quarter) source
FY24 Q2 Rs 812 crore Rs 901 crore — Consolidated net loss of Rs 20.24 crore source
FY24 Q1 Rs 666 crore (up 32% YoY from Rs 505 crore) Rs 768.5 crore (down 20% YoY from Rs 960.8 crore) Adjusted EBITDA of Rs 23 crore (down from Rs 28 crore in Q4 FY23) Net loss of Rs 11.9 crore (down 94% YoY from Rs 204 crore loss) source
FY23 Q4 Rs 869 crore (up 61% YoY from Rs 540 crore) Rs 960.8 crore Consolidated Adjusted EBITDA positive Rs 28 crore (3% margin) Net loss narrowed to Rs 9 crore (Rs 9.34 crore) source
FY23 Q3 Rs 610 crore (up 66% YoY from Rs 367 crore) — — Consolidated net loss of Rs 87 crore (down from Rs 298 crore loss in Q3 FY22) source
FY23 Q2 Rs 573.5 crore operating revenue Rs 820.6 crore (up 62% YoY from Rs 504.5 crore) — Consolidated net loss of Rs 186.5 crore (EquityBulls cites Rs 186.63 crore) source
FY23 Q1 Rs 505.18 crore (more than doubled from Rs 237.73 crore in Q1 FY22) — — Consolidated net loss of Rs 204.33 crore source
FY22 Q4 Rs 540.3 crore (operating revenue, doubled from Rs 270.76 crore in Q4 FY21) — Core business Adjusted EBITDA ~Rs 10 crore positive (insurance-only Rs 28cr, offset by Rs 18cr non-insurance loss) Consolidated net loss of Rs 219.60 crore source
FY22 Q3 Rs 367 crore (revenue from operations) — — Net loss of Rs 298 crore source
FY2026 ₹6,794.0 Cr (Revenue from operations) ₹6,457.8 Cr Adjusted EBITDA ₹725 Cr (non-GAAP) ₹670.1 Cr (Profit for the year) source
FY2025 ₹4,977.2 Cr (Revenue from operations) — Adjusted EBITDA ₹332 Cr (non-GAAP) ₹352.2 Cr restated (Profit for the year) source

Nothing here is blurred or gated — every figure Atlas has is shown in full, free.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the "source" links beside each entry. Profile sources: en.wikipedia.org www.bseindia.com · Last verified 5 Sep 2026. · Report a correction