Stock of the Parent Company of Policy Bazaar and Paisa Bazaar fell up to 9.12 percent following their announcement of an investment of Rs. 696 Cr in their subsidiary.
Share Price Movement
With a market capitalization of Rs. 62,330 Crore, the stock of PB Fintech opened at Rs. 1,450, down 1.29 percent from yesterday’s close, and after opening it made a low of 1335.35, down 9.12 percent. Additionally, the Yearly return for the stock is 21 percent, and the YTD return is -36 percent.
Investment Update from Company
Company will make an Investment of Rs. 696 Crore in its wholly owned subsidiary PB Healthcare Services Private Limited by subscribing or purchasing its Equity shares or Compulsory Convertible Preference Shares. After the proposed investment PB Fintech would be holding up to 33.63 percent on a fully diluted basis.
The turnover details for the subsidiary are not available as it was recently incorporated in January 2025. The investment received by the company will allow the Company to strengthen its financial health and meet its general operating expenses, and enhancing brand awareness, office presence, and strategic initiatives.
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Financial Highlights
The company reported a 48.33 percent YoY increase in revenue from Rs. 871 Crore in Q3FY24 to Rs. 1,292 Crore in Q3FY25. On a QoQ basis, the company reported an increase of 10.71 percent in revenue from Rs. 1,167 Crore in the previous quarter.
Their Net profit saw a substantial increase of 94.59 percent YoY from Rs. 37 Crore to Rs. 72 Crore for the same period. On a QoQ basis, the company reported an impressive increase of 41.17 percent in Net profit from Rs. 51 Crore in the previous quarter.
About the Company
PB Fintech Limited is the parent company of Policybazaar and Paisabazaar, two of India’s leading online platforms for insurance and financial services. Policybazaar specializes in comparing and offering a wide range of insurance products, including health, life, motor, and travel insurance, helping consumers make informed decisions.
Written By Abhishek Das
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