Go Digit Q4 FY25 Profit Doubles to ₹53 Crore Amid Strong Premium Growth
Go Digit General Insurance reports a 104% YoY increase in Q4 FY25 net profit to ₹53 crore, driven by a 19% rise in gross written premium
Key Highlights:
Go Digit Q4 Results: 104% Profit Surge in FY25 – Strong Earnings Report Today
Go Digit General Insurance has announced its financial results for the fourth quarter of fiscal year 2024–25, reporting a 104% year-on-year (YoY) increase in net profit to ₹53 crore. The company’s gross written premium (GWP) also saw a significant rise, up 19% YoY to ₹2,336 crore.
Key Financial Highlights
- Net Profit: ₹53 crore, up 104% YoY
- Gross Written Premium (GWP): ₹2,336 crore, up 19% YoY
- Asset Under Management (AUM): ₹15,764 crore, up 24.4% YoY
- Premium Retention Ratio: 89.9%, compared to 88.3% in Q4 FY24
For the full fiscal year, Go Digit reported a net profit of ₹182 crore, marking a 405% increase from ₹36 crore in FY24. The company’s GWP for the year stood at ₹9,016 crore, up 24.5% from ₹7,243 crore in the previous fiscal year.
Operational Performance and Strategic Initiatives
Go Digit’s robust performance in Q4 FY25 is attributed to its strategic focus on digital innovation and customer-centric services. The company offers a range of insurance products, including motor, health, travel, property, and marine insurance, leveraging technology to enhance customer experience and streamline operations.
The increase in the premium retention ratio to 89.9% indicates improved risk management and underwriting practices. Additionally, the growth in AUM reflects the company’s effective investment strategies and financial stability.
Go Digit Share Price Performance
Following the announcement of Q4 FY25 results, Go Digit’s share price experienced positive movement, reflecting investor confidence in the company’s financial health and growth prospects.
- Current Share Price: ₹336.70
- 52-Week High/Low: ₹375 / ₹272
- Market Capitalization: Approximately ₹28,000 crore
The company’s strong financial performance and strategic initiatives position it well for sustained growth in the competitive insurance sector.
What Lies Ahead
Go Digit’s impressive Q4 FY25 results underscore its resilience and strategic focus in the insurance industry. With continued emphasis on digital innovation, customer-centric services, and robust risk management, the company is poised for sustained growth in the upcoming fiscal year. Investors and stakeholders will be closely monitoring Go Digit’s performance as it continues to navigate the dynamic insurance landscape.
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