PB Fintech reported Q3 Results on February 10, 2023. The company reported its consolidated loss for Q3FY23 narrowed to Rs 87 crore, with revenue jumping 66% YoY.

PB Fintech reported Its revenue from operations was up 66% YoY at Rs 610 crore. It was Rs 367 crore in the corresponding quarter of the previous year.

PB Fintech reported existing business revenue grew 34% YoY to Rs 425 crore. Revenue from new initiatives was up 270% YoY at Rs 185 crore.

PB Fintech reported existing business revenue grew 34% YoY to Rs 425 crore. Revenue from new initiatives was up 270% YoY at Rs 185 crore.

PB Fintech reported the core business adjusted EBITDA was at Rs 26 crore positive for the quarter, with credit business breaking even in December ahead of expectation of Q4FY23. 

PB Fintech reported an EBITDA margin of -5% improved from -25% Year on Year.

PB Fintechreported a consolidated loss for the December quarter of FY23 narrowed by 71% to Rs 87 crore from Rs 298 crore in the corresponding quarter of the previous year.

PB Fintech reported its insurance premium collection during the quarter under review was at Rs 3,082 crore, the highest for the year and up 70% from the year-ago period.

Disclaimer: Views expressed in this content are strictly for educational purpose and do not provide any advice/tips on Investment or recommend any Buying or Selling any Stock. Admotag Finance neither take guarantee of profit nor stand responsible for any losses of any recipient. The recipient of this material should take their own professional advice before acting on this information.