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Go Digit Q3 net profit rises 18% to Rs 140 crore on premium growth - The Economic Times

Economic Times

Economic Times · 7d ago

Go Digit Q3 net profit rises 18% to Rs 140 crore on premium growth - The Economic Times

Go Digit General Insurance, an insurance startup backed by Fairfax, reported an 18% year-on-year increase in net profit to Rs 140 crore in the December quarter, driven by growth in gross written premiums, which rose to Rs 2,909 crore. The company's motor insurance segment significantly contributed to net premiums. Despite a decline in the net retention ratio, indicating a higher risk cession to reinsurers, the total income rose by 5% during the quarter.

Related News

Insurtech firm Go Digit profit before tax rises 36.9% to Rs 163 crore in Q3 FY26

IndianStartupNews

IndianStartupNews · 6d ago

Insurtech firm Go Digit profit before tax rises 36.9% to Rs 163 crore in Q3 FY26

Insurtech firm Go Digit General Insurance reported a 36.9% year-on-year increase in profit before tax, reaching Rs 163 crore in Q3 FY26. Profit after tax rose by 17.6% to Rs 140 crore. For the nine months ending December 2025, profit before tax was Rs 459 crore, surpassing the full-year FY25 total of Rs 425 crore. The company's gross direct premium increased by 20.9% year-on-year to Rs 2,557 crore, while assets under management stood at Rs 22,509 crore.

Go Digit posts Rs 2,160 Cr revenue in Q3 FY26; PAT up 18%

Entrackr

Entrackr · 7d ago

Go Digit posts Rs 2,160 Cr revenue in Q3 FY26; PAT up 18%

Go Digit General Insurance Limited reported steady growth in the third quarter of FY26, with operating revenue (net premium) rising 4% to Rs 2,160 crore from Rs 2,084 crore in Q3 FY25. Its profit also grew 18% during the quarter. Net premiums written saw a dip of 4.5% this quarter to Rs 2,142 crore in Q3 FY26 compared to Rs 2,242 crore in the same quarter last year, according to its quarterly results reported on the NSE. The firm’s income from investments grew 17% to Rs 337 crore in Q3 FY26, compared to Rs 288 crore in the third quarter of FY25, steered by a stronger investment portfolio performance. In the end, its total income for Q3 FY26 stood at Rs 2,498 crore, against Rs 2,372 crore in the corresponding quarter of the previous year. Go Digit reported flat expenses in Q3 FY26, commissions and brokerage costs amounted to Rs 603 crore in Q3 FY26, as compared to Rs 543 crore in Q3 FY25. Employee benefits also saw a slight increase, with expenses totaling Rs 95 crore in Q3 FY26. These increases contributed to the overall 3% rise in the firm's expenses during the quarter to Rs 2,386 crore. In terms of claims, the company paid out Rs 1,311 crore in claims during Q3 FY26 against Rs 949 crore in Q3 FY25. There was also a change in outstanding claims, decreasing to Rs 256 crore in Q3 FY26 compared to Rs 571 crore in Q3 FY25. The company’s PAT (Profit after Tax) increased by 18% to Rs 140 crore in Q3 FY26 from Rs 118.5 crore in Q3 FY26. For the nine months period ending December 2026, the company’s profit stood at Rs 64 crore. At the end of the day, Go Digit’s share price was trading at Rs 325 per share, giving the company a total market capitalization of Rs 30,039 crore ($3.2 billion).

GoDigit turns profitable in FY23, gross premium rises

VCCircle

VCCircle · 2y ago

GoDigit turns profitable in FY23, gross premium rises

Go Digit General Insurance Ltd, backed by Fairfax India Holdings, has reported a net profit for the fiscal year ending in March 2023. The company managed to improve its claims and increase its assets under management (AUM). Go Digit, which is preparing for an IPO, experienced a rise in gross premium as well.

Virat Kohli-backed Go Digit debuts at 5% premium over IPO price

Economic Times

Economic Times · 1y ago

Virat Kohli-backed Go Digit debuts at 5% premium over IPO price

Go Digit, a leading digital insurer, debuted on the NSE at a 5.15% premium. The shares opened at Rs 286 compared to the issue price of Rs 272. The company's IPO was oversubscribed nearly 10 times due to strong interest from retail and institutional buyers. The net proceeds from the IPO will be used to enhance the company's capital base and solvency levels. Go Digit has seen significant growth, with a rise in net earned premiums and a profit after tax in the 9-month period ending December 2023 compared to the previous financial year.

Quess Corp Q3 Results: PAT rises 32% to Rs 55 crore - The Economic Times

Economic Times

Economic Times · 5h ago

Quess Corp Q3 Results: PAT rises 32% to Rs 55 crore - The Economic Times

Quess Corp reported a 32% year-on-year increase in consolidated net profit to Rs 55.09 crore for Q3 ending December 31, 2025, compared to Rs 41.72 crore the previous year. However, revenue from operations declined by 2.22% to Rs 3,929.70 crore. The company's improved profitability was attributed to its focus on high-margin businesses, particularly in Professional Staffing and Overseas segments. An interim dividend of Rs 5 per share was announced.

Go Digit hits second year of profit in FY24, shares surge

Economic Times

Economic Times · 1y ago

Go Digit hits second year of profit in FY24, shares surge

Go Digit General Insurance reported a significant increase in net profit for fiscal 2024, with profits rising nearly six times to Rs 182 crore. The company also achieved a healthy customer retention rate of almost 90% for the March quarter. This led to a temporary increase in the company's stock shares. Go Digit saw strong growth in premium collection, particularly in travel, health, and personal accident products. The company also credited its profitable growth to its emphasis on bottom line performance and its use of technology, with over half of its policies sold through digital channels and API integrations.

HCL Technologies Q3 Results: Cons PAT falls 11% YoY to Rs 4,076 crore, revenue rises 13%; Rs 12 per share dividend declared - The Economic Times

Economic Times

Economic Times · 17d ago

HCL Technologies Q3 Results: Cons PAT falls 11% YoY to Rs 4,076 crore, revenue rises 13%; Rs 12 per share dividend declared - The Economic Times

HCL Technologies reported an 11% year-on-year drop in its Q3 consolidated net profit, amounting to Rs 4,076 crore, down from Rs 4,591 crore the previous year. However, the company's revenue rose by 13%, reaching Rs 33,872 crore compared to Rs 29,890 crore during the same period last year. HCL announced an interim dividend of Rs 12 per share for FY 2025-26, with a record date set for January 16, 2026, and payment due on January 27, 2026.

Go Digit’s revenue falls in Q1 FY25 but profit spikes 90%

Entrackr

Entrackr · 1y ago

Go Digit’s revenue falls in Q1 FY25 but profit spikes 90%

Go Digit General Insurance’s revenue from operations (net premium) decreased 8% to Rs 1,824 crore in Q1 FY25 from Rs 1,982 crore in Q4 FY24. However, its gross premium stood at Rs 2,660 crore in the first quarter of the ongoing fiscal year. The Bengaluru-based company also demonstrated strong financial standing during the previous fiscal year ending March 2024, marking a 37.4% year-on-year growth to Rs 7,096 crore (net premium) with its profits ballooning over 5X to Rs 182 crore during the last fiscal year Besides the operational income, Go Digit also made Rs 253 crore from its investments, tallying its overall revenue q Rs 2,077 crore in Q1 FY25 from Rs 2,692 crore in Q4 FY24. For the general insurance firm, the claims paid were naturally the largest cost center forming 64.48% of the overall expenditure. Akin to its scale, this cost decreased by 10% to Rs 1,285 crore in Q1FY25. The firm’s spending on commission, employee benefits, business development, sales promotion, and other overheads took its overall expense to Rs 1,993 crore in Q1 FY25 from Rs 2,198 crore in Q4 FY25. Despite a slight decrease in scale, Go Digit managed to control its costs by 9.3% QoQ, leading to a significant profit increase. Their profits rose by 90.6%, to Rs 101 crore in Q1FY25 from Rs 53 crore in Q4FY24. Sequentially, the firm posted 5X growth in profits during FY24. Go Digit General Insurance’s IPO was valued at Rs 2,616 crore, comprising a fresh issue of Rs 1,250 crore and the remainder offered for sale. The company debuted on the stock exchange on May 23 this year with a share price of Rs 286, marking a 5.1% gain compared to their price band of Rs 258-272 per share. GoDgit’s share price is currently trading at Rs 349.5 (as of 12.13 PM), According to Entrackr’s estimates, its total market capitalization stood at Rs 32,077 crore or $3.86 billion.

Go Digit IPO: Price band for Virat Kohli-backed Rs 2,615 crore IPO announced

Economic Times

Economic Times · 1y ago

Go Digit IPO: Price band for Virat Kohli-backed Rs 2,615 crore IPO announced

Bengaluru-based insurtech start-up Go Digit General Insurance is set to launch its Rs 2,615 crore IPO from May 15 to May 17, with a price band of Rs 258 to Rs 278 per share. The IPO consists of fresh issue of shares worth Rs 1,125 crore and an offer for sale of 54,766,392 shares. The bidding process allows a maximum of 55 equity shares. 75% of the IPO is reserved for qualified institutional buyers, 15% for non-institutional investors, and 10% for retail investors. Go Digit's net earned premium for the nine-month period ending December 2023 rose to Rs 5,115 crore, while its profit after tax reached Rs 129 crore.

Paytm Q3 Results: Profit skyrockets 971% QoQ to Rs 225 crore - The Economic Times

Economic Times

Economic Times · 5h ago

Paytm Q3 Results: Profit skyrockets 971% QoQ to Rs 225 crore - The Economic Times

Paytm reported a consolidated net profit of Rs 225 crore in Q3, a significant improvement from a loss of Rs 208 crore in the previous year. Revenue from operations grew 20% YoY to Rs 2,194 crore, driven by higher payment GMV, merchant subscriptions, and financial services. Contribution profit increased 30% YoY to Rs 1,249 crore, with a 57% contribution margin. Paytm's consumer UPI GMV rose 35%, and the company's financial services revenue grew 34% YoY.

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