Go Digit General Insurance saw its shares jump 17% after reporting a stellar 74.1% year-on-year (YoY) rise in net profit for Q3 FY25, ending December 31, 2024. The company’s net profit surged to ₹118.5 crore from ₹43 crore in Q3 FY24, driven by improved operational performance and premium growth.
The gross written premium (GWP) grew 10.2% YoY to ₹2,677 crore. Adjusted for the new 1/n accounting method for long-term premiums implemented in October 2024, GWP would have risen by 12.8% to ₹2,738 crore.
Despite the premium retention ratio dropping to 83.8% from 87.9% a year ago, Go Digit’s assets under management (AUM) showed robust growth, climbing 20.1% to ₹18,939 crore as of December 31, 2024. Operational efficiency improved, with the combined ratio falling to 108.1% from 110.3% in Q3 FY24.
Go Digit shares opened at ₹303, hitting an intraday high of ₹341.40 and a low of ₹292.55. Currently trading close to its 52-week low of ₹277, the stock remains significantly below its 52-week high of ₹407.40.
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