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Today: Jun 13, 2024

PB Fintech flies high with a 3% surge ahead of game-changing results.

1 min read

PB Fintech shares rose 3% ahead of its expected announcement of its first-ever quarterly profit. Analysts expect strong premium growth and higher revenues for the company. Dolat Capital predicts a profit of Rs 26.90 crore, compared to a loss of Rs 26.90 crore in the previous quarter. Revenue for the quarter is projected to rise to Rs 820.60 crore, a 34.50% year-on-year increase. JM Financial expects 32% growth in insurance premiums and 37% growth in loan disbursals, with revenue growing at 45% and 42%, respectively. The company is also expected to provide clarity on its cash utilization and outlook on the insurance and lending industry growth.