- PB Fintech reported a net income of 601.8 million rupees for the 1st quarter of 2024.
- Last year, the company had a net loss of 114.2 million rupees for the same period.
- Analysts had estimated net income to be 441.1 million rupees.
- Total revenue for the quarter was 10.1 billion rupees, a 52% increase year-over-year.
- Revenue estimates were 8.71 billion rupees, which PB Fintech surpassed.
- Total costs increased by 41% year-over-year, reaching 10.8 billion rupees.
- Adjusted EBITDA was 490 million rupees, compared to 230 million rupees last year.
- Analysts had estimated an EBITDA loss of 190.5 million rupees.
- Advertising and promotion costs rose by 23% year-over-year, amounting to 2.45 billion rupees.
- Analyst recommendations: 10 buys, 5 holds, and 4 sells.
A look at Policybazaar Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Policybazaar, operated by PB Fintech Limited, showcases a promising long-term outlook based on its Smartkarma Smart Scores. With a solid growth score of 5, the company demonstrates strong potential for expansion and market performance. Coupled with a resilience score of 4, Policybazaar proves its ability to weather challenges and adapt to changing market conditions effectively. Although the value score is moderate at 2, indicating room for improvement in terms of perceived worth, the overall positive momentum score of 3 suggests a favorable trajectory for the company moving forward.
Policybazaar, known for its consumer-centric online financial services platform, stands out with its high growth and resilience scores. By collaborating with insurance companies and other financial service providers, Policybazaar enhances its platform from a consumer e-commerce perspective. While the dividend score is lower at 1, emphasizing potential limitations in this area, the company’s robust overall outlook, particularly in growth and resilience, positions Policybazaar well for long-term success in the dynamic financial services industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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