The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Sachin Dixit - JM Financial Institutional Securities Limited - Analyst
: Yashish and team hope you can hear me.
Question: Sachin Dixit - JM Financial Institutional Securities Limited - Analyst
: Congrats again on doing a good growth quarter. My first question was with regards to profitability, right? So while obviously, revenue continues
to ramp up, the jump in sequential sort of PAT seems a bit muted. What is driving? Is this just Paisabazaar-related impact? Or there is more to it in
terms of contribution effect? Sorry, I have not been able to go through the presentation, so the question might be a bit naive.
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JANUARY 30, 2025 / 11:30AM, PBFI.NS - Q3 2025 PB Fintech Ltd Earnings Call
Question: Sachin Dixit - JM Financial Institutional Securities Limited - Analyst
: Just a quick follow-up --
Question: Sachin Dixit - JM Financial Institutional Securities Limited - Analyst
: Completely, yes. Just a quick follow-up on the savings piece, right. Obviously, January has started very badly and who knows how it's going ahead.
So savings could continue to be a laggard. Are you building accordingly? Or you still are -- do you believe that the other segments will take care
of the investments that you've already done?
Question: Sachin Dixit - JM Financial Institutional Securities Limited - Analyst
: Got it. On my second question, quickly, an update on the health care foray if you have anything in place or we'll have a good update.
Question: Sachin Salgaonkar - BofA Securities - Analyst
: Congratulations to management on good set of numbers. My first question is on your core growth. Clearly, every year, we have a new base and
you guys can really surprised on the overall growth. So on this high base, should we continue to see 30% plus growth for the next couple of years?
Or do you see downside risk to this growth?
Question: Sachin Salgaonkar - BofA Securities - Analyst
: Very clear. In one of your slides, you did mention the future growth will be coming from Tier 2, Tier 3 cities. So question out here is, can you help
us in terms of the contribution today for premium from Tier 2, Tier 3 cities? Where do we see that going? And again, incrementally, should we see
higher investments or a bit of pressure on March as we go and target consumers into these places?
Question: Sachin Salgaonkar - BofA Securities - Analyst
: Got it. Very clear. My third question is on Paisabazaar. Clearly, you're seeing a better growth coming from secured versus unsecured. Question to
management is, in medium term, how should we think about growth coming from unsecured space? Is this something where the company is
looking to defocus? Or as in how the stress in this part of the industry goes down, we should see growth again picking from unsecured?
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JANUARY 30, 2025 / 11:30AM, PBFI.NS - Q3 2025 PB Fintech Ltd Earnings Call
Question: Sachin Salgaonkar - BofA Securities - Analyst
: Last question generally is -- I mean, Yashish, your last guidance in the company was 2-plus years back. Today, we are pretty comfortable in terms
of PB Fintech leasing, that INR 1,000 crores plus in terms of net income for FY '27. Given the fact that even your new initiatives, March are improving,
your core business margins continue to improve, any thoughts in terms of coming up with a new guidance or revising that guidance as we head
forward?
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