Go Digit Q4 net profit rises 28% YoY to Rs 149 crore

Go Digit General Insurance reported a 6.2% increase in gross written premium to Rs 2,736 crore for the March quarter, driven by robust motor insurance sales and cost control. Net profit rose 28% year-on-year to Rs 149 crore. The company closed FY2...

ETtech
Kamesh Goyal, founder, Go Digit
New-age insurance startup Go Digit General Insurance recorded a gross written premium of Rs 2,736 crore, up 6.2% from Rs 2,576 crore a year ago, driven by strong momentum in the motor insurance business and tightening of expenses.

Its net profit stood at Rs 149 crore compared to Rs 115 crore a year ago, up 28% year-on-year.

According to data shared by the Bengaluru-based company, motor insurance contributed to Rs 1,499 crore in net premium, up 9.1% from Rs 1,373 crore a year back. Its health business, another important segment, recorded Rs 384 crore, including government business, retail and corporate business. This figure stood at Rs 437 crore in the March quarter of FY25. The health business reported a degrowth from last year.


Overall, GoDigit closed FY26 with gross written premium of Rs 11,294 crore, up 9.8% from Rs 10,282 crore a year ago.

The firm’s overall assets under management stood at north of Rs 22,000 crore, thereby helping the company generate high returns on its investments.

Shares of the company closed at Rs 317.8 at the end of trading on April 28, down 0.66% on the BSE.
ADVERTISEMENT
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › Tech › Startups › Go Digit Q4 net profit rises 28% YoY to Rs 149 crore
Text Size:AAA
Success
This article has been saved

*

+