PB Fintech Shares Slide Even as Fiscal Q4 EPS, Revenue Beat Estimates

MT Newswires Live05-07

PB Fintech's (NSE:POLICYBZR, BOM:543390) consolidated attributable profit rose to 2.61 billion Indian rupees in the fiscal fourth quarter ended March 31 from 1.70 billion rupees a year ago.

Earnings per share came in at 5.61 rupees, up from 3.65 rupees a year earlier, the parent of fintech platform Policybazaar said in a filing with the Indian bourses on Wednesday.

The EPS was higher than the 5.28 rupees consensus estimate of analysts polled by Visible Alpha.

The company's shares were down nearly 4% in Thursday's early trade.

Revenue from operations in fiscal Q4 increased to 20.6 billion rupees from 1.51 billion rupees a year ago. This was a tad higher than Visible Alpha's estimate of 20 billion rupees.

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