Go Digit's Stellar Surge: Insurance Firm's Net Profit Climbs 38%

General insurance firm Go Digit reported a 38% increase in net profit to Rs 138 crore for the June quarter, a rise from Rs 101 crore a year ago. Gross written premium increased to Rs 2,982 crore, and assets under management expanded to Rs 20,861 crore.

General insurance firm Go Digit announced a robust 38% increase in net profit, reaching Rs 138 crore in the June quarter. This marked a significant growth from Rs 101 crore in the same period last year.

The Fairfax-backed company detailed that its gross written premium rose to Rs 2,982 crore, compared to Rs 2,660 crore a year prior, as disclosed in a recent regulatory filing.

Additionally, the assets under management for the firm swelled to Rs 20,861 crore during the quarterly review, up from Rs 17,773 crore the previous year.