Stock Report

Business Update of PB Fintech Limited for Q3FY22

Posted On : 2022-01-10 20:45:53( TIMEZONE : IST )

The insurance premium originated by PB Fintech group increased from an aggregate of INR 1,067 Cr to INR 1,786 Cr, marking a growth of 67% for the quarter ended December 31, 2021 over the quarter ended December 31, 2020.

The growth as of December 31, 2021 for the first three quarters of the fiscal year 2021-2022 over the first three quarters of the fiscal year 2020-2021 was at 38% for an aggregate premium including both new and renewal business of INR 4,803 Cr for the period April 01, 2021 to December 31, 2021.

As per the internal classification of the Company, insurance premium for first year transactions through Policybazaar Insurance Brokers Private Limited ("PolicyBazaar") for India business (not including the POSP business) grew from INR 627 Cr in the quarter ended December 31, 2020 to INR 1,052 Cr in the quarter ended December 31, 2021, marking a growth of 68%. Within this, life insurance business, health insurance business & other insurance business grew at 73%, 50% and 69% respectively as compared to the same quarter last fiscal year. The same first year premium for PolicyBazaar India business (without PoSP business) grew from INR 1,963 Cr for the first three quarters ended December 31, 2020 to INR 2,670 Cr for the first three quarters ended December 31, 2021, a growth of 36%. This was 42%, 40% and 25% for life insurance, health insurance and other insurance respectively for the first three quarters ended December 31, 2021 as compared to same period last fiscal year.

Disbursement of loans through Paisabazaar Marketing and Consulting Private Limited ("Paisabazaar") grew from an aggregate of INR 994 Cr in the quarter ended December 31, 2020 to INR 1,880 Cr in the quarter ended December 31, 2021, registering a growth of 89%. The aggregate disbursement for the first three quarters of the fiscal year 2021-2022 grew to INR 4,370 Cr at 166% growth rate over the aggregate disbursement of INR 1,642 Cr for the first three quarters of the fiscal year 2020-2021.

The above information is provisional and constitutes key performance indicators as seen by the management.

Shares of PB Fintech Ltd was last trading in BSE at Rs. 899.00 as compared to the previous close of Rs. 894.05. The total number of shares traded during the day was 11472 in over 1494 trades.

The stock hit an intraday high of Rs. 906.45 and intraday low of 885.55. The net turnover during the day was Rs. 10296141.00.