PB Fintech Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 22, 2023 at 06:00 pm IST
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PB Fintech Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 8,690.95 million compared to INR 5,402.97 million a year ago. Revenue was INR 9,513.35 million compared to INR 5,911.66 million a year ago. Net loss was INR 89.51 million compared to INR 2,196.08 million a year ago. Basic loss per share from continuing operations was INR 0.2 compared to INR 4.99 a year ago. Diluted loss per share from continuing operations was INR 0.2 compared to INR 4.99 a year ago.
For the full year, sales was INR 25,578.47 million compared to INR 14,248.9 million a year ago. Revenue was INR 28,168.39 million compared to INR 15,502.79 million a year ago. Net loss was INR 4,872.2 million compared to INR 8,329.13 million 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.