Fintech company PB Fintech’s shares surged 10% to touch an intraday high of ₹1,583.8 apiece earlier today, closing at ₹1,546.2, up 7.39% from previous close
Notably, PB Fintech recorded a 165% surge in its consolidated net profit to ₹ 189.4 Cr in the December quarter, from ₹ 71.5 Cr in the same quarter last year
Today, at 13:16 IST, the company informed the exchanges that its board has cancelled its meeting today to decide on the QIP
Fintech company PB Fintech’s shares surged 10% to touch an intraday high of ₹1,583.8 apiece earlier today, closing at ₹1,546.2, up 7.39% from previous close. The company’s market capitalisation stood at ₹71,538.77 Cr ($7.92 Bn) at the end of the day.
This marks the first trading session where the shares are rallying consequent to it announcing its Q3 performance on Monday.
Notably, PB Fintech recorded a 165% surge in its consolidated net profit to ₹ 189.4 Cr in the December quarter, from ₹ 71.5 Cr in the same quarter last year. Meanwhile, its operating revenue also zoomed 37% YoY and 10% QoQ to ₹ 1,771.1 Cr in the quarter under review.
Alongside announcing its numbers, the company also intimated that its board will decide and approve on raising additional funds via a qualified institutional placement (QIP) to fuel international expansion.
Today, at 13:16 IST, the company informed the exchanges that its board has cancelled its meeting today to decide on the QIP.
“We wish to inform you that the meeting of the Board of Directors of the Company, which was scheduled to be held today, February 05, 2026, to discuss potential Qualified Institutions Placement (QIP) has been cancelled,” the company said. As of now, there’s no clarity whether the company’s board would reconvene to discuss the fundraise.
The Rationale Behind PB Fintech Stock Fluctuation
The rally today was triggered after the exchange filing pertaining to the cancellation. Since intimating about the QIP on Monday, the company’s shares have been in pressure despite its strong financial performance. PB Fintech’s shares have plunged by over 13% between Tuesday open and Wednesday close.
In a note released on Tuesday, brokerage firm JM Financial said that a QIP aimed at funding international expansion, at a time when management bandwidth is already focused on healthcare, could introduce some volatility in its operations.
“With the company already sitting on an ₹5,000 Cr+ cash pile, the requirement of a QIP suggests a large acquisition, potentially resulting in 5-6% dilution. While management suggested the acquisition would be EPS-accretive, it would need to be at a significant valuation discount as Indian markets are unlikely to ascribe PB’s current trading multiple for the international entity,” the brokerage noted.
Notably, PB Fintech forayed into healthcare by setting up a new healthcare subsidiary, PB Healthcare Services last year. To fuel its healthcare business, PB Fintech and its promoters invested ₹1,461.6 Cr in the business.
PB Fintech operates online insurance marketplace Policybazaar, digital credit platform Paisabazaar, insurance advisors’ platform PB Partners, and more. Its insurance broking platform continues to contribute the largest chunk, with its revenue surging 40% YOY to ₹ 1,537.5 Cr in the third quarter of FY26.
