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PB Fintech shares are down over 8% from their 52-week high after Singaporean sovereign wealth fund Temasek Holdings on Thursday offloaded its entire 5.42 per cent stake in the firm for Rs 2,425 crore in a block deal. ....
PB Fintech Q3 results: PB Fintech, operator of policybazaar, to report Q3 results today with expected revenue growth of 34% YoY and first positive profit. Analysts predict a profit of Rs 26.9 crore. The company s Q2 revenue from operations grew at 42% YoY to Rs 812 crore. JM Financial expects strong growth in insurance premium and loan disbursals with respective revenue growth of 45% and 42%. Despite a strong quarter, analysts see room for high growth with declining losses in PoSP and increased renewals for sustained margin improvement. ....
The parent company of Policybazaar and Paisabazaar, PB Fintech, reported a consolidated net loss of ₹87 Cr in Q3FY23 compared to a net loss of ₹298 Cr in Q3FY22. ....