PB Fintech Ltd (POLICYBZR)

PB Fintech Executives Sell Stake Worth Over Rs 1,100 Crore - 17 May, 2024

PB Fintech executives Yashish Dahiya and Alok Bansal sold a partial stake worth over Rs 1,100 crore in the company. The proceeds will be used primarily for paying taxes on current and future ESOP exercises. After the sale, Dahiya will retain a stake of 4.83%, while Bansal will hold a stake of 1.63% in PB Fintech on a fully diluted basis.

PB Fintech Promoter to Sell Stake Worth Rs 1,053 Crore - 16 May, 2024

PB Fintech's Chairman and Vice Chairman are set to sell shares worth Rs 1,053 crore through block trades at a floor price of Rs 1,258 per share. The sale represents 1.86% equity of the fintech. Substantial portions of the proceeds will be used to pay taxes on current and future ESOP exercises. PB Fintech reported strong Q4FY24 results with revenue surging by 25% YoY driven by growth in insurance and credit businesses.

PB Fintech's Inclusion in MSCI Global Standard Index Boosts Investor Confidence - 15 May, 2024

Shares of PB Fintech surged as the inclusion of its stocks in the MSCI Global Standard index is expected to bring maximum inflows at $283 million, according to Nuvama Alternative & Quantitative Research.

PB Fintech Reports Strong Financial Results - 09 May, 2024

PB Fintech reported strong financial results for both Q4 and FY2024, beating analyst estimates with significant growth in revenue and net income. The company is forecasted to continue growing at a faster rate than the insurance industry in India. PB Fintech shares are down 1.7% from a week ago.

PB Fintech Reports Strong Q4 Results - 08 May, 2024

PB Fintech, parent company of Policybazaar and Paisabazaar, reported a consolidated net profit of Rs 60.19 crore in Q4 FY24, swinging back to profitability after breaking even in the previous quarter. The company's total insurance premium for the quarter was Rs 5,127 crore, contributing to an ARR of Rs 20,000 crore in insurance premiums. Analysts at Citi have given a buy call on the stock, raising the target price from Rs 1,150 apiece to Rs 1,435 apiece.

PB Fintech Reports Profitable Q4 Results - 07 May, 2024

PB Fintech, the parent company of Policybazaar and Paisabazaar, reported a consolidated net profit of Rs 60.19 crore for Q4 FY24, marking its second consecutive profitable quarter. The surge in profitability was accompanied by robust revenue growth, with revenue from operations climbing over 25%. Despite a slowdown in credit business growth, the company's overall insurance premium grew 37% YoY to Rs 15,875 crore.

PB Fintech Approves Divestment and Acquisition Proposals - 02 May, 2024

PB Fintech's board has approved the divestment of a 29.3% stake in Visit Health for ₹76 crore and the acquisition of a 100% stake in UAE-based firm Genesis Group Limited for AED 3,877,400 to enhance its product offerings. The company saw a substantial YoY increase in operational revenue and net profit during Q3FY24.

PB Fintech Announces Acquisition and Divestment Plans - 01 May, 2024

PB Fintech is set to acquire a 100% stake in Genesis Group while divesting its holdings in Visit Health and Visit Internet for Rs 76 crore and Rs 2 crore respectively. Additionally, the company has incorporated PB Pay Private Limited to facilitate payment aggregation.

Capital Group Acquires 6.24% Stake in PB Fintech - 25 Apr, 2024

US-based Capital Group has acquired an additional 6.24% stake in PB Fintech, the parent company of Policybazaar and Paisabazaar, for an estimated Rs 2,270 crore. The stock has gained over 70% this year, outperforming the benchmark Nifty 50. Domestic institutions reduced their holding in PB Fintech to 16.75% in the last three months.

Institutional Owners Unfazed by PB Fintech's Market Cap Decline - 21 Apr, 2024

PB Fintech's recent market cap decline of ₹30b may not concern institutional owners as they hold 50% of the business and have significant influence over its share price. Ownership research can provide insights into opportunities in the stock.

PB Fintech Reports Profit for the First Time in Q3FY24 - 18 Apr, 2024

PB Fintech, the parent company of Policybazaar and Paisabazaar, reported a consolidated net profit of Rs 38 crore in Q3FY24, compared to a loss of Rs 87 crore in the year-ago period. Yashish Dahiya, Chairman & CEO of PB Fintech, discusses the importance of back-end integration and growth strategies with Business Today.