PB Fintech
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PB Fintech Q3FY25 results: Revenue rises 48% YoY to Rs 1,292 crore, net profit up 92% to Rs 72 crore
Core insurance revenue grew 45% YoY, driven by health insurance outpacing other segments. The renewal/trail revenue reached an annualized run rate (ARR) of ₹665 crore, marking a 46% increase from ₹454 crore in Q3 FY24.
HSBC initiates Buy call on PB Fintech, expects stock to rally 16% from current price
HSBC has initiated coverage on PB Fintech, India's largest online insurance marketplace, with a Buy rating and a target price of ₹2,550, implying a 16% upside in the stock price from current levels.
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Markets Desk
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