Go Digit Q1 Profit Jumps 38% to Rs 138 cr
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Go Digit General Insurance reports a 38% surge in Q1 net profit to Rs 138 crore, with gross written premium also increasing significantly. Assets under management also saw substantial growth.
New Delhi, Jul 28 (PTI) General insurance firm Go Digit on Monday reported a 38 per cent increase in net profit to Rs 138 crore during the June quarter.
The Fairfax-backed company had earned a net profit of Rs 101 crore in the same period a year ago.
The gross written premium for the quarter rose to Rs 2,982 crore against Rs 2,660 crore in the year-ago period, Go Digit said in a regulatory filing.
The assets under management of the company rose to Rs 20,861 crore during the quarter under review, compared to Rs 17,773 crore a year earlier.
The Fairfax-backed company had earned a net profit of Rs 101 crore in the same period a year ago.
The gross written premium for the quarter rose to Rs 2,982 crore against Rs 2,660 crore in the year-ago period, Go Digit said in a regulatory filing.
The assets under management of the company rose to Rs 20,861 crore during the quarter under review, compared to Rs 17,773 crore a year earlier.
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