Improvement in core business and controlled new business investment reinvigorate profit outlook (unchanged); cut in multiple factor-in any potential regulatory impact
PB Fintech’s (PBF) Q2FY23 performance was good on all counts considering that: 1) premium growth has been encouraging (absolute core insurance premiums were >Rs20bn in Q2FY23 vs Rs47bn for FY21); 2) disbursements too have been good inPaisabazaar (PAB) (H1 disbursements at >Rs52bn).