{"id":181335,"date":"2026-02-19T12:15:09","date_gmt":"2026-02-19T17:15:09","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=181335"},"modified":"2026-02-19T12:15:09","modified_gmt":"2026-02-19T17:15:09","slug":"digispice-q3-fy26-scaling-rural-fintech-driving-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/digispice-q3-fy26-scaling-rural-fintech-driving-profits\/","title":{"rendered":"DiGiSPICE Q3 FY26: Scaling Rural Fintech, Driving Profits"},"content":{"rendered":"\n<p><strong>DiGiSPICE Technologies Ltd (DIGISPICE: BSE\/NSE)<\/strong> is an India-based fintech platform operating an agent-led distribution network that delivers digital payments, banking access, credit facilitation, and insurance services across rural and semi-urban markets. The company has a market capitalization of approximately \u20b9600 crore.<\/p>\n\n\n\n<p>The company reported unaudited consolidated financial results for the quarter and nine months ended Dec. 31, 2025 (Q3 FY26), reflecting a strategic transition to a pure-play fintech model, margin expansion, and progress toward breakeven in newer business verticals.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Consolidated Financial Performance<\/strong><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Revenue and Income<\/strong><\/h2>\n\n\n\n<p>For Q3 FY26, consolidated revenue from operations stood at \u20b910,913.19 lakh (\u20b9109.13 crore), compared with \u20b911,298.37 lakh in Q3 FY25.<\/p>\n\n\n\n<p>Total Comprehensive Income was \u20b9270.54 lakh, compared with a loss of \u20b92,042.57 lakh in the year-ago quarter.<\/p>\n\n\n\n<p>Profit after tax (PAT) from continuing operations was \u20b96.7 crore, representing a seven-fold year-over-year increase.<\/p>\n\n\n\n<p>Gross margin increased 16.7% year-over-year to \u20b951.3 crore, reflecting improved operating leverage and cost rationalization.<\/p>\n\n\n\n<p>For the nine-month period ended Dec. 31, 2025, profitability improved compared with the prior year, while revenue growth remained moderate.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Summary<\/strong><\/h2>\n\n\n\n<p>Management described the quarter as operationally stable but revenue-muted, citing:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Industry-wide decline of approximately 2.7% in AEPS volumes<\/li>\n\n\n\n<li>Slowdown in the Cash Management Services (CMS) ecosystem<\/li>\n\n\n\n<li>Reduction in certain AEPS subsidies<\/li>\n<\/ul>\n\n\n\n<p>Despite these sector headwinds, the company emphasized successful margin expansion, cost efficiency, and strengthening of its fintech-focused structure.<\/p>\n\n\n\n<p>The strategic shift toward a consolidated fintech entity is largely complete following the discontinuation of the Digital Technology Services (DTS) segment.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Strategic Views and Outlook<\/strong><\/h2>\n\n\n\n<p>Management reiterated focus on scaling its \u201cNew Engines\u201d:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Credit<\/li>\n\n\n\n<li>Spice Pay<\/li>\n\n\n\n<li>Insurance distribution<\/li>\n\n\n\n<li>Savings products<\/li>\n<\/ul>\n\n\n\n<p>The company highlighted:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A zero-debt balance sheet<\/li>\n\n\n\n<li>Annualized ROCE of 12.4%<\/li>\n\n\n\n<li>Return on Investment (ROI) of 30.6%<\/li>\n<\/ul>\n\n\n\n<p>The operating model remains asset-light, leveraging its agent network to cross-sell higher-margin financial services.<\/p>\n\n\n\n<p>No quantified revenue or earnings guidance was issued.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Extensive Product Update<\/strong><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>AEPS Performance<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>AEPS Gross Transaction Value (GTV): \u20b915,065 crore, up 13.2% year-over-year<\/li>\n\n\n\n<li>Off-Us AEPS market share increased to 18.64%<\/li>\n\n\n\n<li>AEPS cash deposit volumes increased as additional banks integrated into the platform<\/li>\n<\/ul>\n\n\n\n<p>The company gained market share despite overall industry volume contraction.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Cash Management Services (CMS)<\/strong><\/h2>\n\n\n\n<p>CMS GTV stood at \u20b910,533 crore, with sequential moderation attributed to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>MFI and NBFC ecosystem slowdown<\/li>\n\n\n\n<li>Exit of a low-margin client<\/li>\n<\/ul>\n\n\n\n<p>Four new partners were onboarded to strengthen competitive positioning in price-sensitive segments.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Bharat Bill Payment System (BBPS)<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>GTV: \u20b91,461 crore, up 8.2% year-over-year<\/li>\n\n\n\n<li>Repeat customer rate: 61.4%<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>CASA Growth<\/strong><\/h2>\n\n\n\n<p>Lifetime Current and Savings Accounts opened reached 15.1 lakh, with a stated target of achieving 100,000 new monthly account openings.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Credit Business<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Loan disbursements: \u20b9122 crore, up 108% year-over-year<\/li>\n\n\n\n<li>Proprietary underwriting using transaction-level data<\/li>\n\n\n\n<li>First Loss Default Guarantee (FLDG) framework with partners<\/li>\n<\/ul>\n\n\n\n<p>Management indicated the credit vertical is approaching breakeven.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>New Product Launches<\/strong><\/h2>\n\n\n\n<p>During Q3, the company launched:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shop Insurance<\/li>\n\n\n\n<li>Mobile Screen Protection<\/li>\n<\/ul>\n\n\n\n<p>Pipeline initiatives include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Five additional insurance products<\/li>\n\n\n\n<li>24K gold savings product in partnership with Jar<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Mergers, Acquisitions and Corporate Restructuring<\/strong><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Scheme of Amalgamation<\/strong><\/h2>\n\n\n\n<p>The company is awaiting approval from the National Company Law Tribunal (NCLT) for a scheme to merge:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Spice Money Limited<\/li>\n\n\n\n<li>E-Arth Travel Solutions<\/li>\n\n\n\n<li>Vikasni Fintech<\/li>\n<\/ul>\n\n\n\n<p>into DiGiSPICE Technologies Ltd.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Equity Consolidation<\/strong><\/h2>\n\n\n\n<p>DiGiSPICE acquired an additional 1.94% stake in Spice Money for \u20b9449.90 lakh, increasing ownership consolidation of its core fintech subsidiary.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Exits and Dissolutions<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Digital Technology Services classified as discontinued effective July 1, 2024<\/li>\n\n\n\n<li>Step-down subsidiary Spice Digital FZCO dissolved in April 2025<\/li>\n<\/ul>\n\n\n\n<p>These actions align with management\u2019s stated objective of operating as a focused fintech entity.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Competitive Analysis<\/strong><\/h2>\n\n\n\n<p>DiGiSPICE operates primarily in rural and semi-urban India, positioning itself as a leading assisted digital payments network.<\/p>\n\n\n\n<p>Competitive dynamics include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Digital wallet platforms<\/li>\n\n\n\n<li>Banking correspondent networks<\/li>\n\n\n\n<li>NBFC-led credit distributors<\/li>\n\n\n\n<li>Large fintech aggregators with stronger capital bases<\/li>\n<\/ul>\n\n\n\n<p>Differentiators include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Largest assisted ATM network in rural India<\/li>\n\n\n\n<li>16.4 lakh registered agents<\/li>\n\n\n\n<li>Coverage of 2.55 lakh small towns and 6,486 blocks<\/li>\n\n\n\n<li>Strong presence in North (34.2%) and East (32.0%) regions<\/li>\n<\/ul>\n\n\n\n<p>Market share gains in AEPS amid industry contraction suggest customer stickiness, though CMS remains price competitive.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Credit Profile and Financial Strength<\/strong><\/h2>\n\n\n\n<p>The company maintains a debt-free balance sheet.<\/p>\n\n\n\n<p>While no formal external rating update was disclosed, management highlighted:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>ROCE: 12.4%<\/li>\n\n\n\n<li>ROI: 30.6%<\/li>\n\n\n\n<li>Credit vertical nearing breakeven<\/li>\n<\/ul>\n\n\n\n<p>No rating upgrades or downgrades were reported during the quarter.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Geographical Expansion<\/strong><\/h2>\n\n\n\n<p>The platform serves:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Over 2.7 crore monthly customers<\/li>\n\n\n\n<li>16.4 lakh registered agents<\/li>\n\n\n\n<li>2.55 lakh small towns<\/li>\n\n\n\n<li>6,486 administrative blocks<\/li>\n<\/ul>\n\n\n\n<p>Regional agent distribution:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>North: 34.2%<\/li>\n\n\n\n<li>East: 32.0%<\/li>\n\n\n\n<li>Central: 18.1%<\/li>\n\n\n\n<li>South: 9.1%<\/li>\n\n\n\n<li>West: 6.7%<\/li>\n<\/ul>\n\n\n\n<p>The company did not announce international expansion plans.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Regulatory and Government Framework<\/strong><\/h2>\n\n\n\n<p>The company recorded a statutory exceptional charge of \u20b9412.59 lakh related to India\u2019s new Labour Codes affecting wage definitions for gratuity and compensated absences.<\/p>\n\n\n\n<p>Its business model is integrated with government-backed digital infrastructure, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Aadhaar-based authentication<\/li>\n\n\n\n<li>Unified Payments Interface (UPI)<\/li>\n\n\n\n<li>Bharat Bill Payment System (BBPS)<\/li>\n<\/ul>\n\n\n\n<p>The company holds regulatory licenses including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Prepaid Payment Instrument (PPI)<\/li>\n\n\n\n<li>BBPS<\/li>\n\n\n\n<li>IRDAI Corporate Agency<\/li>\n<\/ul>\n\n\n\n<p>These licenses enable regulated operations under RBI and IRDA frameworks.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Sector Context<\/strong><\/h2>\n\n\n\n<p>India\u2019s fintech sector continues to face:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Declining AEPS subsidies<\/li>\n\n\n\n<li>MFI and NBFC credit normalization<\/li>\n\n\n\n<li>Regulatory cost adjustments<\/li>\n\n\n\n<li>Competitive pricing pressures<\/li>\n<\/ul>\n\n\n\n<p>These dynamics influenced quarterly revenue trends despite margin improvement.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Overall Assessment<\/strong><\/h2>\n\n\n\n<p>Q3 FY26 reflected:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Slight year-over-year revenue contraction<\/li>\n\n\n\n<li>Significant improvement in comprehensive income<\/li>\n\n\n\n<li>Gross margin expansion<\/li>\n\n\n\n<li>Credit vertical approaching breakeven<\/li>\n\n\n\n<li>Strategic consolidation into a pure-play fintech platform<\/li>\n\n\n\n<li>Continued expansion of agent-led rural distribution<\/li>\n<\/ul>\n\n\n\n<p>The quarter underscores operational efficiency gains and structural repositioning amid competitive and regulatory pressures in India\u2019s fintech sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DiGiSPICE Technologies Ltd (DIGISPICE: BSE\/NSE) is an India-based fintech platform operating an agent-led distribution network that delivers digital payments, banking access, credit facilitation, and insurance services across rural and semi-urban markets. The company has a market capitalization of approximately \u20b9600 crore. The company reported unaudited consolidated financial results for the quarter and nine months ended [&hellip;]<\/p>\n","protected":false},"author":2393,"featured_media":125269,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5,1941,392,6352],"tags":[16650,8797,15634],"class_list":["post-181335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-stock-analysis","category-earnings","category-research-summary","tag-digispice-technologies","tag-fintech","tag-q3-2026"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":150305,"url":"https:\/\/alphastreet.com\/india\/digispice-technologies-ltd-q1fy24-11-fall-in-revenue\/","url_meta":{"origin":181335,"position":0},"title":"DigiSpice Technologies Ltd Q1FY24; 11% fall in Revenue.","author":"Divyansh_Kasana","date":"July 28, 2023","format":false,"excerpt":"Founded in 2000, Digispice Technologies Limited (DTL) is primarily engaged in the Information and Communication Technology business providing Value Added Services, and Mobile Content services to the domestic \/International Telecom Operators and the development and sale of telecom-related software. In addition to this, DTL is the corporate agent of IRCTC\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-340.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-340.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-340.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-340.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-340.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-340.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":130474,"url":"https:\/\/alphastreet.com\/india\/digispice-technologies-ltd-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":181335,"position":1},"title":"Digispice Technologies Ltd Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"June 6, 2022","format":false,"excerpt":"https:\/\/youtu.be\/HzZQMvpa4to Key highlights from Digispice Technologies Ltd (DIGISPICE) Q4 FY22 Earnings Concall Q&A Highlights: Ramil Gogna asked about indirect cost, which has been increased exceptionally from last year to this year. Rajneesh Arora Co-Founder said these are costs that are primarily incurred for employees, call center, technology, and marketing. A\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":136260,"url":"https:\/\/alphastreet.com\/india\/digispice-technologies-ltd-digispice-q2-fy23-earnings-concall-transcript\/","url_meta":{"origin":181335,"position":2},"title":"Digispice Technologies Ltd (DIGISPICE) Q2 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"August 30, 2022","format":false,"excerpt":"Digispice Technologies Ltd (NSE: DIGISPICE)Q2 FY23 Earnings Concall dated Aug. 30, 2022 Corporate Participants: Shiv Muttoo -- Investor Relations Mr. Rajneesh Arora -- Co-Founder and Chief Product and Strategy Officer Sanjeev Kumar -- Co-Founder and Chief Executive Officer Mr. Sunil Kapoor -- Director and Chief Financial Officer Presentation: Good afternoon,\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"stock earnings conference call transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":139727,"url":"https:\/\/alphastreet.com\/india\/digispice-technologies-ltd-digispice-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":181335,"position":3},"title":"Digispice Technologies Ltd (DIGISPICE) Q3 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"February 1, 2023","format":false,"excerpt":"Digispice Technologies Ltd (NSE:DIGISPICE) Q3 FY23 Earnings Concall dated Jan. 31, 2023. Corporate Participants: Dilip Modi\u00a0--\u00a0Chairman Rajneesh Arora\u00a0--\u00a0Co-Founder, Chief Product & Strategy Officer, Spice Money Limited Sanjeev Nand Kumar\u00a0--\u00a0Co-Founder, Executive Director & Chief Executive Officer, Spice Money Limited Sunil Kapoor\u00a0--\u00a0Chief Financial Officer & Whole Time Director, Spice Money Limited Analysts:\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":174560,"url":"https:\/\/alphastreet.com\/india\/digispice-technologies-ltd-digispice-q2-2025-earnings-call-transcript\/","url_meta":{"origin":181335,"position":4},"title":"Digispice Technologies Ltd (DIGISPICE) Q2 2025 Earnings Call Transcript","author":"News desk","date":"January 22, 2026","format":false,"excerpt":"Digispice Technologies Ltd (NSE: DIGISPICE) Q2 2025 Earnings Call dated Nov. 21, 2024 Corporate Participants: Dilip Modi \u2014 Chairman Sunil Kapoor \u2014 Whole-time Director and Chief Financial Officer Presentation: Operator Good Morning, everyone. A warm welcome to the Earnings Zoom Webinar of DiGiSPICE Technologies Limited for Q2 & H1 FY25.\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":179103,"url":"https:\/\/alphastreet.com\/india\/pb-fintech-ltd-s-q3-fy2026-earnings-results-highlights\/","url_meta":{"origin":181335,"position":5},"title":"PB Fintech Ltd.&#8217;s Q3 FY2026 Earnings Results Highlights","author":"Staff Correspondent","date":"February 2, 2026","format":false,"excerpt":"About PB Fintech Ltd. PB Fintech Ltd. (POLICYBZR) is a leading Indian financial technology (fintech) company that operates large digital marketplaces for insurance and lending products. It operates in the fintech sector, primarily as India's largest online marketplace for insurance and lending products through brands like Policybazaar (insurance) and Paisabazaar\u2026","rel":"","context":"In &quot;Analysis&quot;","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/181335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/2393"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=181335"}],"version-history":[{"count":1,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/181335\/revisions"}],"predecessor-version":[{"id":181336,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/181335\/revisions\/181336"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125269"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=181335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=181335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=181335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}