POLICYBZR Q1 FY27 Guidance vs Delivery (POLICYBZR Management Mirror)

Paisabazaar FY27 EBITDA Guidance Downgraded to ~50 Crore from ~100 Crore Target; Q1 FY27 Achieves Operating Breakeven

In Mar'26 Qtr results, Paisabazaar reported positive operating EBITDA and outlined a product strategy to launch daily SIP mutual funds and fixed-income bonds over 2 to 3 years. In the Jun'26 Qtr concall, management downgraded their full-year EBITDA expectation for Paisabazaar to approximately 50 crores, compared to the previously discussed target of approximately 100 crores. For Q1 FY27, Paisabazaar reported actual credit disbursements of 4,366 crores (growing 31% YoY) and broke even on an operating basis. Management plans to launch the daily SIP mutual fund platform at the end of August'26.