India's PB Fintech rises after quarterly profit more than doubles

PB Fintech

30/10/2025 04:17

** Shares of Policy Bazaar parent PB Fintech PBFI.NS rise 4% to 1,792.50 rupees

** Co's Q2 profit jumped more than two-fold, rev from ops up 38.2% y/y

** Co's largest segment, insurance broking posted 43% y/y jump in rev

** Co optimistic on outcome of ongoing negotiations with the insurers over changes in the distribution structure post GST 2.0

** HSBC revises FY 26-28 estimates, reiterates "Buy" rating with TP of 2,250 rupees as medium-term outlook remains healthy

** Morgan Stanley says awaits clarity on the potential impact of GST on revenue and profit; sees profit falling 9% in FY26, 5% in FY27

** PB Fintech says core credit business took a hit after the central bank's crackdown on unsecured lending, continues to face stress with loan disbursals down 33% y/y

** Analysts have "hold" rating on avg, median PT is 1,952.50 rupees - data compiled by LSEG

** YTD, PBFI down ~16%

 (Reporting by Urvi Dugar in Bengaluru)

 ((UrviManoj.Dugar@thomsonreuters.com;))