PB Fintech soars, beats IPO price, climbs 12.5% on Q3 strength.

PB Fintech, the parent company of Policy Bazaar and Paisa Bazaar, has seen its stock price cross its IPO price after two years, gaining 12.5% on strong Q3 results. The company reported a significant increase in total operating revenue and consolidated PAT for the first nine months of FY24. In Q3, its core online business experienced significant growth, with new protection premiums and core operating revenue both showing strong year-on-year growth. The company also achieved positive adjusted EBITDA margins and turned a net profit in Q3, exceeding expectations. This positive performance has led to a notable increase in the stock price, surpassing its IPO price and reaching a two-year high.