PB Fintech Ltd (BOM:543390)
₹ 1684 18.35 (1.1%) Market Cap: 763.95 Bil Enterprise Value: 732.97 Bil PE Ratio: 370.92 PB Ratio: 12.51 GF Score: 77/100
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Q2 2024 PB Fintech Ltd Earnings Call Transcript

Nov 06, 2024 / 02:30AM GMT
Release Date Price: ₹1664.8 (+1.50%)

Key Points

Positve
  • PB Fintech Ltd (BOM:543390) reported a 69% year-on-year growth in new premium for the health and life insurance business, indicating strong performance in its core segment.
  • The company's total insurance premium for the quarter reached INR5,450 crores, with an annual run rate (ARR) of almost INR22,000 crores.
  • New initiatives grew by 87% year-on-year and are now contributing positively without incurring losses.
  • The company achieved a 90% customer satisfaction (CSAT) score, up from 87% at the time of its IPO, reflecting improved customer service.
  • PB Fintech Ltd (BOM:543390) reported a significant improvement in PAT by INR72 crores, reaching INR51 crores for the quarter.
Negative
  • The company experienced slightly higher operating expenses, which increased by about $4 million to $5 million for the quarter.
  • The credit business faced challenges, with a year-on-year decline of 8%, despite a 9% quarter-on-quarter increase.
  • There is a slowdown in the unsecured credit segment, impacting the Paisabazaar side of the business.
  • The company anticipates a potential base effect issue in fiscal year '26, which might affect growth rates.
  • PB Fintech Ltd (BOM:543390) is facing challenges in the credit business due to elevated delinquency numbers at the industry level.
Rasleen Kaur
PB Fintech Ltd - Head - Investor Relations

A very good morning, everyone, and welcome to PB Fintech Limited earnings call quarter two financial year '24-'25. Today, we have with us Yashish Dahiya, Chairman and CEO, PB Fintech; Alok Bansal, Executive Vice Chairman, PB Fintech; Sarbvir Singh, Joint CEO of PB Fintech; Naveen Kukreja, Co-Founder and CEO, Paisabazaar; Mandeep Mehta, Group CFO, PB Fintech, and I'm Rasleen.

I would now like to request Yashish to start with the address.

Yashish Dahiya
PB Fintech Ltd - Executive Chairman of the Board, Chief Executive Officer

Thanks, Rasleen. So thank you all for joining, early morning for India. We are extremely pleased that the health and life insurance business, which as I have repeatedly said is the bulk of our long-term value, is continuing to witness phenomenal growth, 69% year-on-year in new premium for the quarter. And the total insurance premium for the quarter is now at [INR5,450 crores] so at an ARR of almost INR20,000 crores -- INR22,000 crores. And of course, we are just in the

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