India's PB Fintech rises on posting Q2 profit
06/11/2024 09:00
** Shares of PB Fintech PBFI.NS up around 2% at 1,674
rupees
** Co, which is the parent of insurance aggregator
Policybazaar, posted a Q2 consol net profit of 506.7 mln rupees
($6 mln) vs a loss of 202.5 mln rupees a year ago
** Revenue up 44% at 11.67 bln rupees
** Analysts at Morgan Stanley say the co's upbeat revenue
performance will support the stock in the near term
** PBFI has more than doubled in 2024
($1 = 84.2050 Indian rupees)
(Reporting by Nishit Navin in Bengaluru)
((Nishit.Navin@thomsonreuters.com;))
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Brief: Pb FinTech Q4 Consol Net Profit 2.61 Billion Rupees