PB Fintech Ltd Share Price – NSE  / BSE

IT - Software, Mid Cap

PB Fintech has allotted 3,24,906 equity shares of face value of Rs. 2/- each to eligible employees upon exercise of vested options under PB Fintech Employees Stock Option Plan 2021 (ESOP 2021).

Consequent to the above allotment, the issued and paid-up share capital of the Company stands increased from Rs. 91,77,91,852/- consisting of 45,88,95,926 equity shares having a face value of Rs. 2/- each to Rs. 91,84,41,664/- consisting of 45,92,20,832 equity shares having a face value of Rs. 2/- each.

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The company has proposed the name of WOS as PB Healthcare or PB Healthcare Services or any other name as may be approved by the Ministry of Corporate Affairs, Government of India.

The proposed wholly owned subsidiary company to be incorporated in India shall carry on the business of healthcare and allied services.

The company along with its nominee(s) will initially subscribe to 50,000 equity shares at face value of Rs 10 each aggregating to Rs 5 lakh in cash.

PB Fintech is engaged in providing integrated online marketing and IT consulting and support services largely for the financial services industry including insurance. It operates Policybazaar, the India's largest digital insurance marketplace and Paisabazaar that provides services related to lending products.

The company reported consolidated net profit of Rs 50.67 crore in Q2 FY25 as compared with net loss of Rs 20.24 crore in Q2 FY24. Revenue from operations jumped 43.8% YoY to Rs 1,167.23 crore in Q2 FY25.

The counter hit an all-time high at Rs 2,017 in intraday today.

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Net profit of PB Fintech reported to Rs 50.67 crore in the quarter ended September 2024 as against net loss of Rs 20.24 crore during the previous quarter ended September 2023. Sales rose 43.81% to Rs 1167.23 crore in the quarter ended September 2024 as against Rs 811.63 crore during the previous quarter ended September 2023.

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PB Fintech will hold a meeting of the Board of Directors of the Company on 5 November 2024.

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