PB Fintech shares trade mixed despite strong Q4 performance
The company managed to break even in the previous quarter and swung back to profitability in the March quarter of FY24.
The company managed to break even in the previous quarter and swung back to profitability in the March quarter of FY24.
In the January to March quarter of FY24, the revenue of operations of the auto platform stood at ₹145.27 crore, up 51.5%, as against ₹95.86 crore in the same period last year.
The county’s fourth largest small finance bank is reportedly planning to apply for the universal bank license by May-June 2025.
The company plans to merge Keimed, a promoter-owned wholesale pharma distribution business, with Apollo HealthCo over the next 24 to 30 months.
Analysts at brokerage firm Motilal Oswal gave a 'BUY' rating with a revised target price of ₹2,900 per share.
Despite beating analysts' estimates, in the March quarter of FY24, the company’s consolidated net profit declined by 8% to ₹2,385 crore, as against ₹3,074 crore in the corresponding period last year.
Ace investor and D-Mart founder and chairman Radhakishna Damani reportedly bought an additional 1.51% stake or 2.33 lakh shares of the company on April 15.
The beleaguered telecom operator plans to use ₹12,750 crore from the FPO to purchase equipment to expand its 4G and 5G network as well as existing capacities.
Jupiter Wagons plans to invest an additional ₹1,000 crore over the next two years.
The company says that the project will be commissioned within 24 months from the power purchase agreement (PPA).