Sat. Mar 2nd, 2024

PB Fintech shares rose 3% as Policybazaar is expected to report its first-ever quarterly profit. The company is projected to deliver strong premium growth of 32% year-on-year (YoY), which is anticipated to drive a 37.7% increase in revenues. Dolat Capital expects PB Fintech to report a profit of INR 26.9 crore for the quarter. Revenue is predicted to climb 34.5% YoY to INR 820.6 crore. JM Financial expects PB Fintech to achieve 30% YoY growth in insurance premium and loan disbursals, with revenue growing at 45% and 42%, respectively.