PB Fintech Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 10, 2023 at 11:31 am
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PB Fintech Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 6,100.93 million compared to INR 3,672.79 million a year ago. Revenue was INR 6,790 million compared to INR 4,008.44 million a year ago. Net loss was INR 872.96 million compared to INR 2,980.17 million a year ago. Basic loss per share from continuing operations was INR 1.96 compared to INR 7 a year ago. Diluted loss per share from continuing operations was INR 1.96 compared to INR 7 a year ago.
For the nine months, sales was INR 16,887.52 million compared to INR 8,845.93 million a year ago. Revenue was INR 18,655.04 million compared to INR 9,591.12 million a year ago. Net loss was INR 4,782.69 million compared to INR 6,133.05 million a year ago. Basic loss per share from continuing operations was INR 10.76 compared to INR 15 a year ago. Diluted loss per share from continuing operations was INR 10.76 compared to INR 15 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.