Income Statement PB Fintech Limited

Equities

POLICYBZR

INE417T01026

Financial Technology (Fintech)

End-of-day quote NSE India S.E. Other stock markets 2026-01-23			5-day change	1st Jan Change
1,673.90 ^INR	-2.37%		+1.54%	-8.31%

Jan. 13	JM Financial Upgrades PB Fintech to Add from Reduce, Price Target is INR1,830	MT
Dec. 08	Haitong International Starts PB Fintech at Outperform; Price Target is INR2,300	MT

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Published financial data: PB FINTECH LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	8.87B	14.25B	25.58B	34.38B	49.77B
Total Revenues	8.87B	14.25B	25.58B	34.38B	49.77B
Cost of Goods Sold, Total	5.55B	12.6B	15.46B	16.51B	19.7B
Gross Profit	3.31B	1.65B	10.12B	17.86B	30.07B
Selling General & Admin Expenses, Total	4.28B	9.35B	14.57B	10.17B	12.34B
Depreciation & Amortization - (IS)	414M	428M	638M	887M	1.21B
Other Operating Expenses	600M	1.31B	2.17B	9.56B	16.8B
Other Operating Expenses, Total	5.29B	11.1B	17.38B	20.61B	30.35B
Operating Income	-1.98B	-9.45B	-7.25B	-2.75B	-278M
Interest Expense, Total	-115M	-136M	-214M	-265M	-338M
Interest And Investment Income	354M	1.03B	2.21B	3.43B	3.69B
Net Interest Expenses	238M	897M	2B	3.17B	3.35B
Income (Loss) On Equity Invest.	-	-388K	-1.65M	-20.2M	2.6M
Currency Exchange Gains (Loss)	-2.16M	-1.23M	221K	-300K	-1.8M
Other Non Operating Income (Expenses)	-	-	47K	2.7M	1.8M
EBT, Excl. Unusual Items	-1.74B	-8.56B	-5.26B	400M	3.07B
Gain (Loss) On Sale Of Investments	282M	191M	350M	299M	365M
Gain (Loss) On Sale Of Assets	-	1.55M	-27K	400K	3.4M
Asset Writedown	-	-42K	-507K	-	3.5M
Legal Settlements	-	-	-	-	-
Other Unusual Items	40.9M	28.79M	30.28M	71.5M	432M
EBT, Incl. Unusual Items	-1.42B	-8.33B	-4.88B	771M	3.88B
Income Tax Expense	83.28M	-4.8M	-192K	127M	345M
Earnings From Continuing Operations	-1.5B	-8.33B	-4.88B	644M	3.53B
Net Income to Company	-1.5B	-8.33B	-4.88B	644M	3.53B
Minority Interest	-	-	7.19M	25.7M	-1.5M
Net Income - (IS)	-1.5B	-8.33B	-4.87B	670M	3.53B
Net Income to Common Incl Extra Items	-1.5B	-8.33B	-4.87B	670M	3.53B
Net Income to Common Excl. Extra Items	-1.5B	-8.33B	-4.87B	670M	3.53B
Per Share Items
Net EPS - Basic	-4.11	-20.34	-10.95	1.5	7.77
Basic EPS - Continuing Operations	-4.11	-20.34	-10.95	1.5	7.77
Basic Weighted Average Shares Outstanding	365M	410M	445M	447M	454M
Net EPS - Diluted	-4.11	-20.34	-10.95	1.45	7.65
Diluted EPS - Continuing Operations	-4.11	-20.34	-10.95	1.45	7.65
Diluted Weighted Average Shares Outstanding	365M	410M	445M	462M	462M
Normalized Basic EPS	-2.98	-13.06	-7.37	0.62	4.22
Normalized Diluted EPS	-2.98	-13.06	-7.37	0.6	4.16
Supplemental Items
EBITDA	-1.77B	-9.28B	-7B	-2.35B	323M
EBITA	-1.98B	-9.45B	-7.25B	-2.75B	-278M
EBIT	-1.98B	-9.45B	-7.25B	-2.75B	-278M
EBITDAR	-1.76B	-9.26B	-6.97B	-2.32B	372M
Total Revenues (As Reported)	9.57B	15.5B	28.17B	38.18B	53.85B
Effective Tax Rate - (Ratio)	-5.87	0.06	0	16.47	8.89
Current Domestic Taxes	-	-4.69M	766K	-	-
Total Current Taxes	83.28M	-4.69M	766K	127M	345M
Deferred Domestic Taxes	-	-109K	-958K	-	-
Total Deferred Taxes	-	-109K	-958K	-	-
Normalized Net Income	-1.09B	-5.35B	-3.28B	276M	1.92B
Interest on Long-Term Debt	115M	135M	208M	260M	332M
Non-Cash Pension Expense	9.43M	15.46M	12.19M	18.3M	-71.7M
Supplemental Operating Expense Items
Advertising Expense	3.68B	8.64B	13.57B	8.99B	10.9B
Selling and Marketing Expenses	3.68B	8.64B	13.57B	8.99B	10.9B
General and Administrative Expenses	588M	695M	968M	1.15B	1.39B
Net Rental Expense, Total	13.03M	13.92M	30.47M	31.3M	49.3M
Imputed Operating Lease Interest Expense	11.06M	11.27M	26.98M	27.61M	46.36M
Imputed Operating Lease Depreciation	1.97M	2.65M	3.49M	3.69M	2.94M
Maintenance & Repair Expenses, Total	11.87M	47.98M	60.78M	73.5M	114M
Stock-Based Comp., COGS (Total)	983M	6.07B	5.42B	3.3B	2.14B
Total Stock-Based Compensation	983M	6.07B	5.42B	3.3B	2.14B

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	4.39B	3.67B	723M	3.25B	5.61B
Short Term Investments	15.08B	47.23B	32.56B	37.74B	21.92B
Total Cash And Short Term Investments	19.46B	50.9B	33.28B	40.99B	27.52B
Accounts Receivable, Total	1.73B	3.61B	6.77B	6.51B	10B
Other Receivables	9.42M	15.65M	18.2M	19.5M	12M
Notes Receivable	32.99M	4.73M	54.77M	53.6M	237M
Total Receivables	1.77B	3.63B	6.85B	6.58B	10.24B
Prepaid Expenses	47.88M	80.57M	89.04M	139M	172M
Other Current Assets, Total	111M	1.1B	1.01B	514M	594M
Total Current Assets	21.39B	55.72B	41.22B	48.22B	38.53B
Gross Property Plant And Equipment	2.03B	2.88B	4.2B	5.29B	7.16B
Accumulated Depreciation	-823M	-1.08B	-1.5B	-2.13B	-3.05B
Net Property Plant And Equipment	1.21B	1.8B	2.7B	3.15B	4.11B
Long-term Investments	3.5M	456M	16.57B	12.08B	26.84B
Goodwill	-	222M	377M	377M	13.8M
Other Intangibles, Total	36.09M	26.04M	57.95M	55.5M	53.5M
Accounts Receivable Long-Term	-	-	-	-	1.15B
Loans Receivable Long-Term	49.71M	-	74.71M	50.8M	5.6M
Deferred Tax Assets Long-Term	-	689K	100K	-	-
Other Long-Term Assets, Total	611M	934M	1.54B	3.34B	4.58B
Total Assets	23.31B	59.15B	62.54B	67.29B	75.29B
Liabilities
Accounts Payable, Total	1.02B	1.98B	3.06B	3.01B	3.67B
Accrued Expenses, Total	1.05B	1.2B	2.09B	2.58B	3.31B
Current Portion of Leases	129M	179M	328M	392M	466M
Current Income Taxes Payable	-	-	-	-	-
Unearned Revenue Current, Total	-	768K	-	9.4M	4M
Other Current Liabilities	10.06M	14.18M	30.92M	35M	61.8M
Total Current Liabilities	2.21B	3.37B	5.51B	6.03B	7.51B
Long-Term Leases	958M	1.41B	1.94B	2.14B	2.76B
Pension & Other Post Retirement Benefits	222M	249M	246M	348M	647M
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	3.39B	5.04B	7.69B	8.52B	10.92B
Preferred Stock Convertible	11.89M	-	-	-	-
Total Preferred Equity	11.89M	-	-	-	-
Common Stock, Total	456K	899M	900M	902M	918M
Additional Paid In Capital	29.23B	67.76B	69.78B	71.07B	78.1B
Retained Earnings	-10.87B	-19.21B	-24.03B	-23.39B	-19.94B
Comprehensive Income and Other	1.55B	4.67B	8.11B	10.13B	5.24B
Total Common Equity	19.91B	54.12B	54.76B	58.71B	64.32B
Minority Interest	-	-	84.97M	54.4M	55.4M
Total Equity	19.92B	54.12B	54.85B	58.76B	64.38B
Total Liabilities And Equity	23.31B	59.15B	62.54B	67.29B	75.29B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	78.18M	439M	446M	449M	458M
ECS Total Common Shares Outstanding	78.18M	439M	446M	449M	458M
Book Value / Share	254.6	123.24	122.69	130.89	140.45
Tangible Book Value	19.87B	53.87B	54.33B	58.28B	64.26B
Tangible Book Value Per Share	254.14	122.68	121.71	129.92	140.31
Total Debt	1.09B	1.59B	2.27B	2.53B	3.22B
Net Debt	-18.38B	-49.31B	-31.01B	-38.46B	-24.3B
Debt Equivalent of Unfunded Proj. Benefit Obligation	228M	280M	245M	348M	390M
Debt Equivalent Oper. Leases	104M	111M	244M	250M	394M
Minority Interest, Total (Incl. Fin. Div)	-	-	84.97M	54.4M	55.4M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	571M	758M	1.05B	1.46B	2.09B
Full Time Employees	-	11.69K	14.32K	-	22.33K
Accumulated Allowance for Doubtful Accounts (Supple)	18.37M	62.8M	92.96M	125M	-

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	-1.5B	-8.33B	-4.87B	670M	3.53B
Depreciation & Amortization - CF	382M	404M	609M	855M	1.18B
Depreciation & Amortization, Total	382M	404M	609M	855M	1.18B
Amortization of Deferred Charges, Total - (CF)	31.47M	24.08M	29.5M	32.3M	36.8M
(Gain) Loss From Sale Of Asset	928K	-1.55M	27K	-400K	-3.4M
(Gain) Loss on Sale of Investments - (CF)	-282M	-191M	-350M	-299M	-365M
Asset Writedown & Restructuring Costs	59K	42K	507K	-	3.5M
Provision for Credit Losses	-	16.63M	721K	37.3M	11.5M
(Income) Loss On Equity Investments - (CF)	-	388K	1.65M	20.2M	-2.6M
Stock-Based Compensation (CF)	983M	6.07B	5.42B	3.3B	2.14B
Provision and Write-off of Bad Debts	20.22M	48.8M	39.64M	70.8M	164M
Other Operating Activities, Total	260M	-1.17B	-2.53B	-5.09B	-4.61B
Change In Accounts Receivable	69.19M	-1.93B	-3.2B	197M	-4.53B
Change In Accounts Payable	-149M	961M	1.1B	-55.5M	193M
Change In Income Taxes	-	-	-	-	-
Change in Other Net Operating Assets	474M	-11.59B	763M	343M	426M
Cash from Operations	287M	-15.68B	-2.99B	86.5M	-1.83B
Capital Expenditure	-47.5M	-315M	-595M	-634M	-971M
Sale of Property, Plant, and Equipment	10.1M	16.7M	18.31M	1.6M	6.4M
Cash Acquisitions	-	-	-	-	-90.3M
Sale (Purchase) of Intangible assets	-10.72M	-12.61M	-61.48M	-	-
Investment in Marketable and Equity Securities, Total	-12.32B	-21.97B	-1.14B	1.69B	1.63B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-200M
Other Investing Activities, Total	348M	1.01B	2.2B	1.95B	4.2B
Cash from Investing	-12.02B	-21.27B	414M	3.01B	4.58B
Long-Term Debt Repaid, Total	-106M	-104M	-218M	-312M	-410M
Total Debt Repaid	-106M	-104M	-218M	-312M	-410M
Issuance of Common Stock	7.81B	36.45B	1.23M	2.2M	16.1M
Issuance of Preferred Stock	1.18M	-	-	-	-
Other Financing Activities, Total	-115M	-135M	-208M	-259M	-333M
Cash from Financing	7.59B	36.21B	-425M	-568M	-727M
Foreign Exchange Rate Adjustments	-4.21M	16.96M	50.05M	-1.1M	-2.5M
Miscellaneous Cash Flow Adjustments	-	-	-	-	340M
Net Change in Cash	-4.15B	-714M	-2.95B	2.53B	2.36B
Supplemental Items
Cash Interest Paid	115M	135M	208M	260M	332M
Cash Income Tax Paid (Refund)	-485M	238M	498M	1.99B	1.17B
Levered Free Cash Flow	338M	-1.58B	-408M	2.84B	-542M
Unlevered Free Cash Flow	410M	-1.5B	-274M	3.01B	-331M
Change In Net Working Capital	-309M	1.77B	1.15B	-1.17B	2.54B
Net Debt Issued / Repaid	-106M	-104M	-218M	-312M	-410M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	-6.33	-14.33	-7.45	-2.65	-0.24
Return on Total Capital	-7.12	-15.4	-8.04	-2.9	-0.27
Return On Equity %	-9.22	-22.5	-8.96	1.13	5.74
Return on Common Equity	-9.23	-22.5	-8.95	1.18	5.74
Margin Analysis
Gross Profit Margin %	37.38	11.55	39.57	51.96	60.42
SG&A Margin	48.26	65.64	56.96	29.58	24.79
EBITDA Margin %	-20.01	-65.12	-27.37	-6.83	0.65
EBITA Margin %	-22.31	-66.32	-28.36	-8	-0.56
EBIT Margin %	-22.31	-66.32	-28.36	-8	-0.56
Income From Continuing Operations Margin %	-16.94	-58.45	-19.08	1.87	7.1
Net Income Margin %	-16.94	-58.45	-19.05	1.95	7.09
Net Avail. For Common Margin %	-16.94	-58.45	-19.05	1.95	7.09
Normalized Net Income Margin	-12.28	-37.53	-12.82	0.8	3.85
Levered Free Cash Flow Margin	3.82	-11.12	-1.59	8.27	-1.09
Unlevered Free Cash Flow Margin	4.63	-10.53	-1.07	8.75	-0.66
Asset Turnover
Asset Turnover	0.45	0.35	0.42	0.53	0.7
Fixed Assets Turnover	6.75	9.46	11.37	11.75	13.7
Receivables Turnover (Average Receivables)	5.04	5.34	4.93	5.18	6.09
Short Term Liquidity
Current Ratio	9.68	16.51	7.48	8	5.13
Quick Ratio	9.6	16.16	7.27	7.88	5
Operating Cash Flow to Current Liabilities	0.13	-4.65	-0.54	0.01	-0.24
Days Sales Outstanding (Average Receivables)	72.38	68.37	74.07	70.68	59.9
Average Days Payable Outstanding	72.26	43.46	59.54	67.28	61.88
Long Term Solvency
Total Debt/Equity	5.46	2.94	4.13	4.31	5.01
Total Debt / Total Capital	5.17	2.86	3.97	4.13	4.77
LT Debt/Equity	4.81	2.61	3.53	3.64	4.28
Long-Term Debt / Total Capital	4.56	2.54	3.39	3.49	4.08
Total Liabilities / Total Assets	14.54	8.52	12.3	12.66	14.5
EBIT / Interest Expense	-17.17	-69.65	-33.96	-10.39	-0.82
EBITDA / Interest Expense	-13.85	-66.67	-31.11	-7.16	2.66
(EBITDA - Capex) / Interest Expense	-14.26	-68.99	-33.89	-9.55	-0.22
Total Debt / EBITDA	-0.68	-0.18	-0.34	-1.34	3.59
Net Debt / EBITDA	11.51	5.45	4.67	20.3	-27.05
Total Debt / (EBITDA - Capex)	-0.66	-0.17	-0.31	-1	-44.2
Net Debt / (EBITDA - Capex)	11.18	5.27	4.28	15.21	333.32
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	14.96	60.7	79.51	34.4	44.78
Gross Profit, 1 Yr. Growth %	34.11	-50.35	554.91	76.47	68.35
EBITDA, 1 Yr. Growth %	-48.73	423.35	-24.54	-66.46	-113.75
EBITA, 1 Yr. Growth %	-45.68	377.88	-23.25	-62.1	-89.9
EBIT, 1 Yr. Growth %	-45.68	377.88	-23.25	-62.1	-89.9
Earnings From Cont. Operations, 1 Yr. Growth %	-50.58	454.38	-41.42	-113.2	448.3
Net Income, 1 Yr. Growth %	-50.58	454.38	-41.5	-113.75	427.04
Normalized Net Income, 1 Yr. Growth %	-52.49	391.26	-38.66	-108.4	596.25
Diluted EPS Before Extra, 1 Yr. Growth %	-52.6	394.59	-46.16	-113.24	427.59
Accounts Receivable, 1 Yr. Growth %	-3.28	108.71	87.69	-3.96	57.64
Net Property, Plant and Equip., 1 Yr. Growth %	-14.46	48.67	49.78	16.9	30.36
Total Assets, 1 Yr. Growth %	47.89	153.8	5.72	7.59	11.9
Tangible Book Value, 1 Yr. Growth %	57.81	171.11	0.85	7.27	10.26
Common Equity, 1 Yr. Growth %	57.38	171.87	1.19	7.21	9.56
Cash From Operations, 1 Yr. Growth %	-107.89	-5.56K	-80.93	-102.89	-2.22K
Capital Expenditures, 1 Yr. Growth %	-82.18	562.82	89.14	-3.58	53.31
Levered Free Cash Flow, 1 Yr. Growth %	-114.49	-556.95	-74.28	-797.06	-118.04
Unlevered Free Cash Flow, 1 Yr. Growth %	-118.15	-458.11	-81.72	-1.2K	-110.43
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	34.21	35.92	69.85	55.33	39.49
Gross Profit, 2 Yr. CAGR %	134.31	-18.4	74.76	239.96	72.37
EBITDA, 2 Yr. CAGR %	-29.79	63.76	98.73	-49.69	-78.53
EBITA, 2 Yr. CAGR %	-26.98	61.08	91.52	-46.06	-80.44
EBIT, 2 Yr. CAGR %	-26.98	61.08	91.52	-46.06	-80.44
Earnings From Cont. Operations, 2 Yr. CAGR %	-33.93	65.52	80.21	-72.19	-14.92
Net Income, 2 Yr. CAGR %	-33.93	65.52	80.08	-71.64	-14.88
Normalized Net Income, 2 Yr. CAGR %	-31.29	52.74	73.59	-77.3	-23.51
Diluted EPS Before Extra, 2 Yr. CAGR %	-71.67	53.11	63.18	-73.3	-16.42
Accounts Receivable, 2 Yr. CAGR %	14.76	42.08	97.92	34.26	21.48
Net Property, Plant and Equip., 2 Yr. CAGR %	94.9	12.77	49.23	32.32	23.44
Total Assets, 2 Yr. CAGR %	86.72	93.74	63.81	6.65	9.72
Tangible Book Value, 2 Yr. CAGR %	101.36	106.84	65.36	4.01	8.75
Common Equity, 2 Yr. CAGR %	101.13	106.85	65.87	4.16	8.38
Cash From Operations, 2 Yr. CAGR %	-74.9	107.54	222.72	-92.57	-21.73
Capital Expenditures, 2 Yr. CAGR %	-62.28	-1.5	254.07	41.85	21.58
Levered Free Cash Flow, 2 Yr. CAGR %	-54.5	-17.81	8.42	33.91	15.32
Unlevered Free Cash Flow, 2 Yr. CAGR %	-49.89	-18.74	-19.1	41.59	9.83
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	38.47	42.52	49.13	57.1	51.73
Gross Profit, 3 Yr. CAGR %	34.48	21.34	59.99	75.33	168.96
EBITDA, 3 Yr. CAGR %	49.64	37.74	26.49	9.82	-67.35
EBITA, 3 Yr. CAGR %	49.4	37.16	25.81	11.61	-69.15
EBIT, 3 Yr. CAGR %	49.4	37.16	25.81	11.61	-69.15
Earnings From Cont. Operations, 3 Yr. CAGR %	36.41	33.92	17.08	-24.6	-24.87
Net Income, 3 Yr. CAGR %	36.41	33.92	17.02	-23.61	-24.88
Normalized Net Income, 3 Yr. CAGR %	44.6	32.03	12.69	-36.74	-28.94
Diluted EPS Before Extra, 3 Yr. CAGR %	-49.97	19.19	8.07	-29.35	-27.82
Accounts Receivable, 3 Yr. CAGR %	20.43	40.08	55.89	55.53	40.44
Net Property, Plant and Equip., 3 Yr. CAGR %	131.55	15.5	23.96	37.56	31.66
Total Assets, 3 Yr. CAGR %	38.37	98.93	58.32	42.39	8.37
Tangible Book Value, 3 Yr. CAGR %	36.23	122.74	62.8	43.14	6.05
Common Equity, 3 Yr. CAGR %	36.25	122.78	62.99	43.41	5.93
Cash From Operations, 3 Yr. CAGR %	-29.87	77.13	-6.35	-32.96	-51.12
Capital Expenditures, 3 Yr. CAGR %	-27.53	-3.52	22.43	137.15	45.57
Levered Free Cash Flow, 3 Yr. CAGR %	-3.51	2.68	-44.2	101.6	-30.06
Unlevered Free Cash Flow, 3 Yr. CAGR %	2.9	1.91	-50.58	92.92	-39.59
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	50.6	50.26	47.51	45.2
Gross Profit, 5 Yr. CAGR %	-	21.71	49.34	80.94	64.83
EBITDA, 5 Yr. CAGR %	-	90.2	67.6	-7.93	-37.77
EBITA, 5 Yr. CAGR %	-	88.16	64.99	-5.57	-40.24
EBIT, 5 Yr. CAGR %	-	88.16	64.99	-5.57	-40.24
Earnings From Cont. Operations, 5 Yr. CAGR %	-	157.77	52.48	-28.59	3.04
Net Income, 5 Yr. CAGR %	-	157.77	52.44	-28.03	3.03
Normalized Net Income, 5 Yr. CAGR %	-	86.22	55.55	-34.71	-3.49
Diluted EPS Before Extra, 5 Yr. CAGR %	-	70.96	-19.72	-34.48	-2.49
Accounts Receivable, 5 Yr. CAGR %	-	42.62	46.9	37.72	41.09
Net Property, Plant and Equip., 5 Yr. CAGR %	-	117.84	94.23	21.96	23.75
Total Assets, 5 Yr. CAGR %	-	73.6	48.03	55.03	36.72
Tangible Book Value, 5 Yr. CAGR %	-	75.84	47.21	64.25	38.54
Common Equity, 5 Yr. CAGR %	-	75.93	47.4	64.36	38.44
Cash From Operations, 5 Yr. CAGR %	-	114.66	29.15	-50.19	-12.84
Capital Expenditures, 5 Yr. CAGR %	-	88.46	36.69	12.56	24.51
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	1.59	14.18	-25.4
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-6.16	16.24	-31.98