Earnings Review
Credit ops recovery, premium growth push PB Fintech PAT 88%
This story was originally published at 19:11 IST on 30 January 2025
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--PB Fintech Oct-Dec lending disbursal at INR 54.37 bln, up 52% on year
--PB Fintech Oct-Dec insurance premium at INR 61.35 bln, up 44% on year
--PB Fintech Apr-Dec consol revenue INR 34.69 bln vs INR 23.48 bln year ago
--PB Fintech Apr-Dec consol PAT INR 1.82 bln vs INR 63.9 mln year ago
--PB Fintech Oct-Dec consol revenue INR 12.92 bln vs INR 8.71 bln year ago
--PB Fintech Oct-Dec consol PAT INR 715.4 mln vs INR 380.5 mln yr ago
By Krity Ambey
NEW DELHI – PB Fintech Ltd, which owns insurance as well as loan aggregator platforms Policybazaar and Paisabazaar, posted a strong growth in its consolidated profit during Oct-Dec on recovery in its credit business and robust growth in insurance premiums. The company's profit grew 88% to INR 715.40 million in the December quarter.
From an almost flat growth in lending disbursal in the previous quarter, the company's disbursals recovered 28% to INR 54.37 billion in Oct-Dec. Annually, the lending disbursals were up 52%. The company's insurance premiums also rose 44% on year to INR 61.35 billion during the reporting quarter.
The contribution from the insurance and lending business helped PB Fintech's consolidated revenue to grow 48% in Oct-Dec to INR 12.92 billion. Sequentially, the company's revenue from operations was up 10.7%.
The fintech company's profit was within the range of estimates given by two brokerages — JM Financial Institutional Securities Pvt. Ltd. and Nuvama Wealth Management. While JM Financial had expected the company's profit to grow to INR 1 billion, Nuvama had expected it to be INR 626 million in Oct-Dec. Sequentially, PB Fintech's profit grew 41% from INR 506.7 in Jul-Sept.
The company detailed its earnings post market hours. During the day, the shares traded in the range of INR 1,639 to INR 1,735.25 on the National Stock Exchange. The stock closed 3.2% lower at INR 1,656.10.
For the cumulative period of Apr-Dec, the Gurugram-based company's profit was up nearly thirtyfold at INR 1.82 billion. PB Fintech started posting a profit from Oct-Dec 2024, since its listing on stock exchanges in November 2021. The company's revenue from operations was up 47.8% at INR 34.69 billion for the nine months ended December. End
Edited by Deepshikha Bhardwaj
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