PB Fintech will hold a meeting of the Board of Directors of the Company on 7 May 2024.Powered by Capital Market - Live News

Net profit of PB Fintech reported to Rs 38.05 crore in the quarter ended December 2023 as against net loss of Rs 87.30 crore during the previous quarter ended December 2022. Sales rose 42.75% to Rs 870.89 crore in the quarter ended December 2023 as against Rs 610.09 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales870.89610.09 43 OPM %-3.08-21.87 - PBDT60.31-70.08 LP PBT37.23-87.60 LP NP38.05-87.30 LP Powered by Capital Market - Live News

The Board of PB Fintech at its meeting held on 30 January 2024 has approved the following:Grant of unsecured loan up to Rs 200 crore to Policybazaar Insurance Brokers (Policybazaar), a wholly owned subsidiary of the Company, in one or more tranches during the financial years 2023-24 and 2024-25. Grant of unsecured loan up to Rs 50 crore to Paisabazaar Marketing and Consulting (Paisabazaar), a wholly owned subsidiary of the Company, in one or more tranches during the financial years 2023-24 and 2024-25. Further investment of an amount not exceeding Rs 40 crore in the equity shares of Icall Support Services (Icall), a wholly owned subsidiary of the Company, in one or more tranches during the financial years 2023-24 and 2024-25. Powered by Capital Market - Live News

PB Fintech will hold a meeting of the Board of Directors of the Company on 30 January 2024.Powered by Capital Market - Live News

PB Fintech has allotted 2,01,526 equity shares under ESOP on 10 January 2023. Consequent to the above allotment, the issued and paid-up share capital of the Company stands increased from Rs. 90,20,03,876/- consisting of 45,10,01,938 equity shares having a face value of Rs. 2/- each to Rs. 90,24,06,928/- consisting of 45,12,03,464 equity shares having a face value of Rs. 2/- each. Powered by Capital Market - Live News