PolicyBazaar parent PB Fintech shares slipped on Thursday, June 26, as the firm saw see a large stake sold, likely by co-founders Yashish Dahiya and Alok Bansal.
Around 50.5 lakh shares, equaling to 1.1 percent of the total equity in the firm, valued at Rs 920 crore were traded through the block deal route, at a price of Rs 1,821.5 per share.
Reports had suggested the base price for the large trade was set at Rs 1,800, which comes at a 2.2 percent discount to the previous session's closing price of Rs 1,839.8 per share on the NSE.
At 9.18 a.m., shares of the firm were quoting Rs 1,824.7 apiece, down 0.8 percent.
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PB Fintech posted a consolidated net profit of Rs 171 crore for the March quarter, up 184 percent from Rs 60 crore in the same period last year.
Quarterly revenue rose 38 percent year-on-year to Rs 1,508 crore, driven by a 46 percent growth in insurance revenues and improved profitability across both its core and new businesses, even as credit revenue continued to face pressure from a slowdown in unsecured lending.
For the full year, PB Fintech reported a profit after tax of Rs 353 crore in FY25, a more than fivefold jump from Rs 64 crore in FY24.
While the results included an exceptional gain of Rs 41 crore — primarily from the partial sale and fair valuation of its stake in Visit Health — the profit surge was largely driven by better operating margins, a rise in treasury income, lower ESOP expenses, reduced losses from associates, and a low effective tax rate.
The company’s adjusted EBITDA (excluding ESOP expenses) more than doubled to Rs 333 crore from Rs 144 crore a year earlier. ESOP expenses declined from Rs 330 crore to Rs 215 crore, while EBITDA (after ESOP) turned positive at Rs 94 crore from a loss of Rs 186 crore in FY24.
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