PB Fintech denies reports of fundraising, says no QIP under consideration – CNBC TV18

PB Fintech Ltd, which operates on-line insurance coverage platform Policybazaar and credit score comparability portal Paisabazaar, on Friday (February 6) clarified that reports suggesting the corporate has revived plans to boost funds are incorrect.

In a regulatory submitting, the corporate mentioned the information merchandise claiming that the administration or the board is contemplating a Certified Institutional Placement (QIP) is factually unfaithful. PB Fintech acknowledged that neither its administration nor its board of administrators is at present contemplating any proposal to boost funds by a QIP.

This follows the corporate’s assertion a day earlier that the board assembly scheduled to think about a proposal for elevating funds by a QIP has been cancelled. Neither did the corporate specify the rationale behind the cancellation, nor did it share whether or not the assembly might be held at any new date sooner or later.

Third Quarter Outcomes
PB Fintech reported a internet revenue of ₹189 crore for the quarter, up from ₹71 crore in the identical interval final 12 months. PAT margin expanded from 6% in Q3FY25 to 11% in Q3FY26, with PAT accounting for two.38% of whole insurance coverage premiums. Income for the quarter grew 37% 12 months-on-12 months to ₹1,771 crore from ₹1,291 crore a 12 months earlier.

Additionally Learn: PB Fintech unveils new retirement planning platform Pensionbazaar

Whole insurance coverage premium for the quarter stood at ₹7,965 crore, registering a forty five% 12 months-on-12 months and 17% quarter-on-quarter enhance. Development was led by the core on-line new safety phase, the place premiums rose 68% YoY, with new medical health insurance premiums up 79% YoY. Core on-line insurance coverage premium grew 44% YoY throughout the quarter.

Within the lending phase, whole disbursals rose 84% YoY to ₹9,986 crore. Core on-line disbursals elevated 8% on a sequential foundation. Credit score income for the quarter stood at ₹115 crore, whereas disbursals for the core on-line credit score enterprise had been ₹2,470 crore. Core insurance coverage income elevated 42% YoY, whereas core credit score income continued its sequential enchancment with an 8% QoQ rise.

Shares of PB Fintech Ltd ended at ₹1,503.15, down by ₹49.05, or 3.16%, on the BSE.

Additionally Learn: PB Fintech Q2 revenue surges 165% on robust insurance coverage development, improved margins