PB Fintech shares in focus after posting an 88% YoY surge in Q3 profit to Rs 71 crore -

Shares of PB Fintech will be in focus on Friday after the company reported a significant increase in third-quarter profit, driven by higher sales of insurance policies. The company’s consolidated net profit surged 88% year-on-year (YoY) to Rs 71.54 crore for the three months ending December 31.

The company operates the online insurance aggregator Policybazaar and the credit marketplace Paisabazaar.

PB Fintech's revenue from operations grew 48% to Rs 1,292 crore, with its largest segment, insurance broker services, seeing a 62% increase.


The company’s insurance premiums grew 44%, driven largely by a 47% rise in new health and life insurance premiums. However, its credit business, impacted by the Indian central bank’s crackdown on unsecured lending, continued to face challenges.

PB Fintech reported a 20% YoY decline in disbursements in its online credit business, with revenue from the segment dropping 18%. On a positive note, its total lending disbursement rose 52%, primarily due to the launch of a new secured credit business in the previous quarter.

Shares of the company rose 83.99% in the last year and outperformed its sector by 65.96%. Meanwhile, the company has offered 109.89% returns over the last three years. PB Fintech has better one-year returns than the industry, sector, Nifty50, and Sensex.