PB Fintech Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 04, 2023 at 09:40 am EDT
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PB Fintech Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 8,116.28 million compared to INR 5,734.73 million a year ago. Revenue was INR 9,091.22 million compared to INR 6,338.39 million a year ago. Net loss was INR 202.44 million compared to INR 1,866.39 million a year ago. Basic loss per share from continuing operations was INR 0.45 compared to INR 4.19 a year ago. Diluted loss per share from continuing operations was INR 0.45 compared to INR 4.19 a year ago.
For the six months, sales was INR 14,772.14 million compared to INR 10,786.6 million a year ago. Revenue was INR 16,658.7 million compared to INR 11,865.04 million a year ago. Net loss was INR 316.6 million compared to INR 3,909.73 million a year ago. Basic loss per share from continuing operations was INR 0.71 compared to INR 8.81 a year ago. Diluted loss per share from continuing operations was INR 0.71 compared to INR 8.81 a year ago.
PB Fintech Limited is an India-based company that provides an online platform for insurance and lending products by leveraging the power of technology, data and innovation. The Company is engaged in providing online marketing, consulting and technology services to insurer and lending partners. It provides access to insurance, credit and other financial products. The Company 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. Through its consumer-centric approach, the Company seeks to enable online research-based purchases of insurance and lending products.