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PB Fintech sees 62 per cent profit surge to Rs 60 crore in Q4 PB Fintech Ltd, the parent firm of Policybazaar and Paisabazaar platforms, on Tuesday posted a net profit of Rs 60.2 crore in the fourth quarter of FY24, a 62 per cent jump (quarter-on-quarter). The operating revenue jumped 25 per cent to Rs 1,089.6 crore in Q4, the company said in a statement. For the full year (FY24), profit after tax (PAT) improved from a loss of Rs 488 crore to a profit of Rs 64 crore (YoY). Policybazaar's total insurance premium for Q4 stood at Rs 5,127 cror...
PB Fintech sees 62 per cent profit surge to Rs 60 crore in Q4
PB Fintech sees 62 per cent profit surge to Rs 60 crore in Q4
Source: IANS
2024-05-08 10:45:32 am
MSCI India index rebalancing could see inclusion of 18 stocks with inflow of $2.7 bn MSCI India Standard Index rebalancing announcement scheduled on May 14 is expected to see one of the largest inclusions of 18 stocks with inflows of $2.7 billion. JM Financial Institutional Securities said the price cut-off date for the rebalancing is any of the last 10 business days in the month of April. “Based on the current price, we expect the following inclusions and exclusions. However, the list is subject to change, depending on the stock price prevailing during the cut-of...
MSCI India index rebalancing could see inclusion of 18 stocks with inflow of $2.7 bn
MSCI India index rebalancing could see inclusion of 18 stocks with inflow of $2.7 bn
Source: IANS
2024-04-09 12:33:35 pm
Buy PB Fintech Ltd. For Target Rs. 1,010 By JM Financial Services Despite the quarter seeing relatively tepid insurance industry growth, PB Fintech reported a healthy 34.7%/55.4% YoY growth in core / new initiatives insurance premium. Meanwhile, loan disbursals grew 18.5% YoY due to the impact of unsecured disbursals slowdown. Consol. revenue reached INR 8.7bn, +7%/+43% on QoQ/YoY basis, with a marginal miss on JMFe (INR 8.8bn). We also noted expansion in adj. EBITDA margins by 915bps/293bps YoY/QoQ, primarily attributable to new initiatives breaking even a...
Buy PB Fintech Ltd. For Target Rs. 1,010 By JM Financial Services
Buy PB Fintech Ltd. For Target Rs. 1,010 By JM Financial Services
Source: JM Financial Services
2024-04-03 01:54:12 pm
PB Fintech jumps on getting nod to incorporate wholly owned subsidiary PB Fintech is currently trading at Rs. 1139.75, up by 22.90 points or 2.05% from its previous closing of Rs. 1116.85 on the BSE. The scrip opened at Rs. 1111.65 and has touched a high and low of Rs. 1150.60 and Rs. 1111.65 respectively. So far 40382 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1179.00 on 29-Feb-2024 and a 52 week low of Rs. 567.50 on 17-Apr-2023. Last one week high and low of the scrip stood ...
PB Fintech jumps on getting nod to incorporate wholly owned subsidiary
PB Fintech jumps on getting nod to incorporate wholly owned subsidiary
Source: Accord Fintech
2024-03-21 03:12:26 pm
PB Fintech surges as its arm gets in-principle approval for upgradation of license PB Fintech is currently trading at Rs. 985.65, up by 53.80 points or 5.77% from its previous closing of Rs. 931.85 on the BSE. The scrip opened at Rs. 966.15 and has touched a high and low of Rs. 996.35 and Rs. 966.15 respectively. So far 79165 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1050.10 on 01-Feb-2024 and a 52 week low of Rs. 481.00 on 17-Feb-2023. Last one week high and low of the scrip stood at Rs...
PB Fintech surges as its arm gets in-principle approval for upgradation of license
PB Fintech surges as its arm gets in-principle approval for upgradation of license
Source: Accord Fintech
2024-02-19 10:48:07 am
Buy PB Fintech Ltd For Target Rs.1,010 - JM Financial Institutional Securities Strong topline growth with understandable margin miss PB Fintech reported a healthy 47.7%/41.7% YoY growth in core insurance premium / loan disbursals for the quarter. On overall insurance premium and credit disbursals, the company was well ahead of JMFe by 5.6% and 7.5%, respectively with health and term insurance growing 53% YoY. Consol. revenue reached INR 8.1bn, +22%/+42% on QoQ/YoY basis, with a strong beat on JMFe (INR 7.3bn). However, adj. EBITDA margin declined by 190bps QoQ to rea...
Buy PB Fintech Ltd For Target Rs.1,010 - JM Financial Institutional Securities
Buy PB Fintech Ltd For Target Rs.1,010 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
2023-11-21 03:16:31 pm