PB Fintech Limited reported earnings results for the second quarter and six months ended September 30, 2024. For the second quarter, the company reported sales was INR 11,672.3 million compared to INR 8,116.3 million a year ago. Revenue was INR 12,732.3 million compared to INR 9,091.2 million a year ago. Net income was INR 506.7 million compared to net loss of INR 202.5 million a year ago. Basic earnings per share from continuing operations was INR 1.12 compared to basic loss per share from continuing operations of INR 0.45 a year ago. Diluted earnings per share from continuing operations was INR 1.09 compared to diluted loss per share from continuing operations of INR 0.45 a year ago.
For the six months, sales was INR 21,777.2 million compared to INR 14,772.2 million a year ago. Revenue was INR 23,839.8 million compared to INR 16,658.7 million a year ago. Net income was INR 1,108.5 million compared to net loss of INR 316.6 million a year ago. Basic earnings per share from continuing operations was INR 2.45 compared to basic loss per share from continuing operations of INR 0.71 a year ago. Diluted earnings per share from continuing operations was INR 2.39 compared to diluted loss per share from continuing operations of INR 0.71 a year ago.
PB Fintech Limited is an India-based online marketing and consulting company. The Company is in the business of rendering online marketing and information technology consulting/support services for the financial service industry, including insurance. Its segments include Insurance services segment, which consists of insurance broker services and Other services segment, which consists of online marketing, consulting and support services. It provides access to insurance, credit and other financial products. It offers Policybazaar and Paisabazaar platform that addresses the online insurance and lending markets. The Policybazaar platform is an online platform for consumers and insurer partners to buy and sell core insurance products. The Paisabazaar is an independent digital lending platform that enables consumers to compare, choose and apply for personal credit products. Its platforms serve consumers with varied needs, credit profiles, demographics, employment types, and income levels.
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Investor
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Global
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