PB Fintech Ltd - 543390 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Publications of Audited Financial Results (Standalone & Consolidated) for the quarter and year ended March 31, 202230-05-2022
30-05-2022
PB Fintech Ltd - 543390 - Compliances-Reg.24(A)-Annual Secretarial Compliance
Annual Secretarial Compliance Report under Regulation 24A of SEBI (LODR) Regulations, 201530-05-2022
What Morgan Stanley says on PB Fintech & Jefferies on MM
PB Fintech, which operates insurance marketplace PolicyBazaar and credit platform PaisaBazaar, narrowed losses to Rs 219.6 crore in the fiscal fourth quarter from Rs 643.8 crore in the year-ago period.30-05-2022
Q4FY22 Quarterly Result Announced for PB Fintech Ltd.
PB Fintech announced Q4FY22 results: Q4 FY22: Growth Insurance Premium Rs 2,176 crore, up 70% YoY Credit Disbursal Rs 2,189 crore, up 72% YoY Operating revenue Rs 540 crore, up 100% YoY Core Business Operating revenue Rs 386 crore, 45% YoY and 22% QoQ growth Contribution margin 46% Physical presence build up costs are absorbed within these margins Core business Adjusted EBITDA was Rs 10 Cr positive for the quarter (absorbing an Rs 18 crore loss by the non-insurance business), thus core insurance business had an Adjusted EBITDA of Rs 28 crore for the quarter Core business should stay EBITDA positive now New Initiatives Operating revenue of Rs 154 crore, up 209% QoQ and about 37x YoY Investment in new initiatives Rs 90 crore We have achieved rapid scale and leadership Future growth will be driven with higher efficiency FY 22: Growth Insurance premium Rs 6,975 crore, up 46% YoY Credit disbursal Rs 6,607 crore, up 126% YoY Operating revenue Rs 1,425 crore up 61% YoY Rs 88 Cr deferred revenue up from Rs 44 crore last year, so there was incremental deferred revenue of Rs 44 crore The number of consumers who accessed their credit scores on Paisabazaar reached 27.3 million Core business Operating revenue Rs 1,200 crore, growth 37% YoY (40% including deferred revenue) Contribution margin 39% Adjusted EBITDA Rs -111 crore Rs 67 crore loss owing to Non-Insurance business Rs 44 crore loss owing to growth in deferred revenue (Rs 88 crore from Rs 44 crore) Thus Core Insurance business reached breakeven Renewal revenue of Rs 222 crore New Initiatives Operating revenue Rs 225 crore up from Rs 12 crore Last year Investment of Rs 171 crore (roughly 3% of Cash reserves) Scale with efficiency are the priorities for FY23 Cash stood at Rs 5,154 crore We were not able to identify any inorganic growth opportunity where we felt convinced that buying over building was the right decision for us In most instances, we continue to prefer “BUILD” over “BUY” Our spend on new initiatives is likely to stay below our interest income Commenting on results, the company stated: “Our focus continues towards increasing insurance coverage for families across India. To reflect that commitment, we have changed our tagline to “Har Family Hogi Insured!” We are seeing a steady shift in business mix towards smaller towns and cities; currently 59% of our insurance business is from non-Tier 1 cities up from 28% in FY17. We have seen a significant improvement in our service quality and claims assistance, as reflected in CSAT of 84%. Building great customer experience is our top priority. We collaborate with our partners to innovate products and processes along with enabling sharper risk assessment and fraud control. The sales via physical appointments are delivering meaningful impact as reflected by the steady growth in ‘premium per enquiry’ over the last year in Health and Life insurance businesses. Our core business is now adjusted EBITDA positive and we expect that to improve further. Within this, insurance core business delivered Rs 28 Cr adjusted EBITDA in Q4. Credit core business is decidedly moving towards profitability. Both these businesses will grow profitably as category leaders. Going forward, investment in new initiatives will likely be covered by interest income. We derive confidence in future profitability from the strength of our renewal back-book, the operational efficiency reflected by increased premium per enquiry and most importantly, the commitment of our team.” Result PDF30-05-2022
Earnings Call for Q4FY22 of PB Fintech (Policybazaar)
Conference Call with PB Fintech Management and Analysts on Q4FY22 Performance and Outlook. Listen to the full earnings transcript.28-05-2022
PB Fintech Ltd - 543390 - Outcome Of Board Meeting - Financial Results For The Quarter And Year Ended March 31, 2022
Dear Sir/Madam, In furtherance to our earlier communication dated May 19, 2022 and pursuant to provisions of the Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('LODR'), we wish to inform you that the Board of Directors of the Company at its meeting held today i.e. Friday, May 27, 2022, which was commenced at 06:30 P.M. and concluded at 09:20 P.M., inter-alia, considered and approved the following business(es): (i) Audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended March 31, 2022 alongwith Statutory Auditor's Report thereon ('Results') as enclosed herewith. The said results are being uploaded on the website of the Company at www.pbfintech.in pursuant to Regulation 46 of the LODR and will be published in the newspapers in compliance with the Regulation 47 of the LODR; (ii) Earning release dated May 27, 2022, on the Results as enclosed herewith; (iii) Others as attached herewith.27-05-2022
PB Fintech Ltd - 543390 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Dear Sir Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company post approval and declaration of Audited Financial Results (standalone & consolidated) for the quarter and year ended March 31, 2022 ('Results'), will hold its earnings conference call for shareholders, investors and analyst on Saturday, May 28, 2022 at 03:00 P.M. (IST) w.r.t. Results. Management Attendees: Mr. Yashish Dahiya, Chairman & CEO Mr. Alok Bansal, Executive Vice Chairman & Whole-time Director Mr. Sarbvir Singh, President, Policybazaar Mr. Naveen Kukreja, CEO, Paisabazaar Mr. Mandeep Mehta, Group CFO Please see below the mandatory pre-registration Registration Link for joining the earnings call: https://openexc.zoom.us/webinar/register/WN_J-jobgI4RcOcFj8ZITVYmA Further, the transcript and an option to playback will be made available uploaded on website of the Company at www.pbfintech.in.26-05-2022
PB Fintech Ltd - 543390 - Board Meeting Intimation for Intimation Of Board Meeting Under Regulation 29 Of The Securities And Exchange Board Of India (Listing Obligation And Disclosure Requirement) Regulations, 2015 And Update On Closure Of Trading Window
PB Fintech Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/05/2022 ,inter alia, to consider and approve This is to inform you that a meeting of the Board of Directors of the Company is proposed to be held on Friday, May 27, 2022 to consider and approve, inter-alia: 1. The Standalone Financial Results & Audited Standalone Financial Statements of the Company for the Quarter and Year ended March 31, 2022; 2. The Consolidated Financial Results & Audited Consolidated Financial Statements of the Company for the Quarter and Year ended March 31, 2022. In furtherance to our earlier intimation dated March 30, 2022, we wish to inform you that the trading window for dealing in securities of the Company has already been closed from April 01, 2022 and shall re-open Forty-Eight (48) hours after the declaration of audited Standalone and Consolidated Financial Results of the Company for the Quarter and Year ended on March 31, 2022.19-05-2022
PB Fintech Ltd - 543390 - Statement Of Deviation Or Variation Of Funds Raised Through Initial Public Offer ('IPO') For The Quarter Ended March 31, 2022
Dear Sir/Madam, Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, read with SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019, we hereby confirm that during the quarter ended March 31, 2022, there was no deviation or variation in the utilization of proceeds of the IPO from the objects stated in the Prospectus dated November 08, 2021. A Statement of deviation or variation for the quarter ended March 31, 2022, duly reviewed by the Audit Committee of the Company at its meeting held on May 13, 2022 is enclosed herewith. This disclosure will also be hosted on the Company's website viz. www.pbfintech.in. You are requested to kindly take the same in your records.14-05-2022