PB Fintech s stock, which suffered a 53% loss in CY22, has rebounded strongly in CY23, yielding a return of 82% so far this year. The positive trend is attributed to the company s strong financial performance.
Paisabazaar also improved its Ebitda-to-revenue ratio slightly over 6-7% from the previous quarter. The PB Fintech subsidiary, which is also a credit score provider, is eyeing 15% Ebitda in FY25 and 20% in the next two to three fiscal years, Kukreja added.
On a half yearly basis, operating revenue for the financial services group grew 37% to Rs 1,477.2 crore, and losses have narrowed by almost 12-fold in FY24 to Rs 33 crore, from the same period last year.