PB Fintech Ltd Share Price – NSE  /  BSE

IT - Software, Small Cap

PB Fintech will hold a meeting of the Board of Directors of the Company on 6 August 2024.

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The domestic equity indices pared all losses and traded with minor gains in early afternoon trade. The Nifty marched above the 22,300 level after hitting the day's low of 22,185.20. Metal shares advanced after declining in past three consecutive trading sessions.

At 12:26 IST, the barometer index, the S&P BSE Sensex was up 53.4 points or 0.06% to 73,555.33. The Nifty 50 added 28.25 points or 0.13% to 22,330.75.

In the broader market, the S&P BSE Mid-Cap index rose 0.71% and the S&P BSE Small-Cap index added 0.70%.

The market breadth was positive. On the BSE, 2,175 shares rose and 1,450 shares fell. A total of 153 shares were unchanged.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 1.08% to 16.82. The Nifty 30 May 2024 futures were trading at 22,463.05, at a premium of 112.95 points as compared with the spot at 22,493.05.

The Nifty option chain for the 30 May 2024 expiry showed maximum Call OI of 27 contracts at the 22,500 strike price. Maximum Put OI of 36.1 lakh contracts were seen at 22,000 strike price.

Buzzing Index:

The Nifty Metal index jumped 1.44% to 1808.50. The index fell 3.33% in the past three consecutive trading sessions.

Hindustan Zinc (up 5.11%), Steel Authority of India (up 3.14%), Vedanta (up 2.74%), NMDC (up 2.26%) and Hindustan Copper (up 1.8%) were the top gainers.

Among the other gainers were Welspun Corp (up 1.6%), National Aluminium Company (up 1.47%), Tata Steel (up 1.25%), Jindal Steel & Power (up 1.13%) and Adani Enterprises (up 1.08%).

Stocks in Spotlight:

PB Fintech shed 0.09%. The company reported consolidated net profit of Rs 60.59 crore in Q4 FY24 as compared with net loss of Rs 8.95 crore in Q4 FY23. Revenue from operations jumped 25.37% to Rs 1,089.57 crore in Q4 FY24 as compared with Rs 869.10 crore in Q4 FY23.

Pidilite Industries declined 4.44%. The company has reported 6% increase in consolidated net profit to Rs 304 crore on an 8% rise in net sales to Rs 2,890 crore in Q4 FY24 as compared with Q4 FY23.

CreditAccess Grameen added 1.32% after the company’s consolidated net profit jumped 33.89% to Rs 397.08 crore on 36.85% rise in total income to Rs 1,459.10 crore in Q4 FY24 over Q4 FY23.

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Revenue from operations jumped 25.37% to Rs 1,089.57 crore in Q4 FY24 as compared with Rs 869.10 crore in Q4 FY23.

Pre-tax profit of Rs 72.89 crore in the quarter ended 31 March 2024 as compared with pre-tax loss of Rs 9.37 crore in Q4 FY23.

The company’s total insurance premium for the quarter was Rs 5,127 crore, an ARR of Rs 20,000 crore insurance premium, led by growth in new health & life insurance business.

The firm’s renewal / trail revenue is at an ARR of Rs 577 crore, up from Rs 388 crore last year same quarter. This typically operates at over 85% margins and is a significant source of profit growth.

“Credit business sees moderation in growth, however continues to be adjusted EBITDA positive since Dec 2022. We are now at the annualized run rate of Rs 14,000 crore credit disbursal and about 6 lakh Credit Card issuance on an annualized basis. Our total Credit Score consumer base now is over 43 million,” the company stated in exchange filing.

On full year basis, the company reported consolidated net profit of Rs 66.98 crore in FY24 as compared with net loss of Rs 487.22 crore in FY23. Revenue from operations increased 34.4% YoY to Rs 3,437.68 crore in FY24.

Revenue from Core Online marketplaces, Policybazaar and Paisabazaar, grew 39% to Rs 2,375 crore, while improving their Adjusted EBITDA to Rs 324 crore YoY for FY24.

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 scrip fell 0.62% to Rs 1,235.70 on the BSE.

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Net profit of PB Fintech reported to Rs 60.59 crore in the quarter ended March 2024 as against net loss of Rs 8.95 crore during the previous quarter ended March 2023. Sales rose 25.37% to Rs 1089.57 crore in the quarter ended March 2024 as against Rs 869.10 crore during the previous quarter ended March 2023.

For the full year,net profit reported to Rs 66.98 crore in the year ended March 2024 as against net loss of Rs 487.22 crore during the previous year ended March 2023. Sales rose 34.40% to Rs 3437.68 crore in the year ended March 2024 as against Rs 2557.85 crore during the previous year ended March 2023.

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