Shares of PolicyBazaar have turned multibagger from its 52-week lows. The stock rallied 130 per cent to Rs 816, its 52-week highs on Tuesday, from its lowest levels of Rs 356.2 in November 2022.
The Gurgaon-based company said it posted consolidated adjusted earnings before interest, taxes, depreciation and amortisation of Rs 23 crore for the first quarter. A year earlier, it had posted an adjusted operating loss of Rs 66 crore.
The company had reported a loss of Rs 204 crore in the year-ago quarter. The consolidated adjusted EBITDA was a positive Rs 23 crore for the first quarter, an improvement from negative of Rs 66 crore in the same quarter last year