PB Fintech Shares Fall to ₹928 Low Despite Strong Q2 Profit Growth

2 Nov 2026, 3:58 pm · 2h ago · 1 min read · Inc42New

Shares of insurtech firm PB Fintech fell over 7% to hit a fresh 52-week low of ₹928.10 on the BSE, marking a 48% decline since the IRDAI proposed an insurance distribution overhaul on September 23. The company’s market capitalisation dropped to ₹42,948 crore ($4.53 billion) from over $9 billion in early September. Despite the market slump, PB Fintech reported a 42.5% year-on-year increase in consolidated net profit to ₹192.4 crore for Q2 FY27, while operating revenue grew 35% to ₹2,177.7 crore, driven by Policybazaar and Paisabazaar.