PB Fintech: First-ever profit flop Macquarie predicts 40% downside. Got pain?

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Shares of PB Fintech, the parent company of Policybazaar, rose by 12% after the company reported its first-ever quarterly profit on a consolidated basis. PB Fintech achieved a net profit of INR 37 crore in the December-ended quarter, compared to a net loss of INR 87 crore in the same period last year. The company has also experienced growth in revenue and cash position. However, Macquarie is bearish on the stock, predicting a 40% downside due to the decline in employee stock option plan (ESOP) costs. PB Fintech’s stock has delivered strong returns, increasing by 147% over the past year.

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