PB Fintech's share price continues to decline, scrip tanks another 5%; Check key details

Policybazaar’s parent entity, PB Fintech, shares continued to tumble on the second consecutive day, falling another 5% on Thursday, March 13.

“The board approved a proposal to make an investment for an aggregate amount of up to ₹696 crore in PB Healthcare Services, by way of subscribing to or purchasing its shares or compulsory convertible preference shares during the 2025-26 financial year,” PB Fintech Ltd said.

During the intraday trade on Thursday, shares of the firm were trading 5.82% lower at ₹1,323.90 apiece on the National Stock Exchange. The scrip had declined nearly 5% on Wednesday. PB Fintech shares had touched their 52-week low of ₹1,035.05 during the day.

Shares of the firm settled at ₹1,322.80 apiece, tanking 5.9% on NSE.

The investment is, however, subject to the shareholders' approval through postal ballot and will be made along with other external investors in PB Healthcare Services, it added.

It also said the capital infusion would be done to meet its general operating expenses and enhance brand awareness, office presence and strategic initiatives.

PB Healthcare Services was incorporated in January 2025 to carry on the business of healthcare and allied services in India.

Shares of PB Fintech have lost nearly 6% in the last five trading days. Over a month’s period, the scrip has declined over 18.5%.

Year-to-date, the stock has tanked almost 37%; however, for a one-year period, the share has advanced 22.75%.

The company’s market capitalisation stood at ₹60,750.55 crore.

PB Fintech reported a sharp jump in third-quarter profit, aided by rising sales of insurance policies.

The company's consolidated net profit rose 88% from a year earlier to Rs 71.54 crore for the three months ended December 31.

PB Fintech's revenue from operations rose 48% to Rs 1,292 crore, led by a 62% jump in insurance broker services, its largest segment.

The company's insurance premium grew 44%, mainly from a 47% growth in new health and life insurance premiums.