1. Opening Hook
Just when everyone thought GST changes would rain on Policybazaar’s parade, the company pulled a “Noah’s Ark” move—sailed right through the storm. Yashish Dahiya kicked off with a crisis story that turned into a flex, proving that execution isn’t a corporate buzzword at PB—it’s a reflex.
From a sleepless CEO to a 23,000-strong execution army, PB Fintech’s Q2 was a sermon on speed, scale, and smug satisfaction.
As the Bhagavad Gita says, “You have the right to work, but never to the fruits of your work.” Clearly, Policybazaar didn’t listen—they’re reaping both.
Stick around, it only gets spicier from here 🍿
2. At a Glance
- Revenue ₹1,614 Cr – 38% YoY surge; even GST changes bowed down.
- Insurance Premium ₹7,605 Cr – Up 40% YoY; who says Indians don’t buy insurance?
- PAT ₹135 Cr – Up 165% YoY; compounding, not “compounding interest.”
- EBITDA Margin – 8%; because profit finally RSVP’d to the party.
- PB Partners – 3.8 lakh advisors; half of India’s pin codes now policy literate.
- UAE Biz – Up 64% YoY and profitable; even Dubai’s sand turned into gold dust.
3. Management’s Key Commentary
“Any sane customer shouldn’t have bought between 3–22 Sept due to GST. But our sales didn’t drop.”
(Translation: Customers may be sane, but PB’s hustle is insane.) 😏
“Our PAT margin is 1.77% of premium. Took us 18 years to get here.”
(Translation: Eighteen years to reach where D2C fintechs promise to be in their pitch decks.)
“Renewal trail revenue ARR now ₹774 Cr.”
(Translation: PB just built a subscription model for insurance – Netflix, but with term plans.)
“PoSP losses will be meaningless next year.”
(Translation: We’ll stop losing money… unless we feel like it.)
“GST won’t impact us much; we’re in constructive
