PB Fintech Reports Strong Q3 FY24-25 Growth Amid Liquidity Concerns

Jan 30 2025 08:02 PM IST
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PB Fintech's Q3 FY24-25 financial results reveal strong performance, with Profit After Tax rising to Rs 71.54 crore and net sales reaching Rs 1,291.62 crore. Operating profit also peaked at Rs 27.68 crore, though concerns arise from high non-operating income and declining cash reserves.
PB Fintech has reported its financial results for the quarter ending December 2024, showcasing a very positive performance for Q3 FY24-25. The company's evaluation has undergone an adjustment, reflecting a score change from 19 to 24 over the past three months.

Key highlights from the financial results include a significant growth in Profit After Tax (PAT), which reached Rs 71.54 crore, marking a 63.8% increase compared to the average PAT of the previous four quarters. Additionally, net sales hit a record high of Rs 1,291.62 crore, representing a growth of 24.8% over the average net sales of the prior four quarters. The operating profit also reached its peak at Rs 27.68 crore, indicating a positive trend in operational efficiency, with the operating profit margin at its highest level of 2.14% in the last five quarters.

However, there are areas of concern, particularly regarding non-operating income, which constituted 117.93% of Profit Before Tax (PBT), suggesting reliance on non-business activities. Furthermore, cash and cash equivalents have reached their lowest point in the last six half-yearly periods, indicating a potential challenge in short-term liquidity.

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