'The New
India Assurance Company has posted 67% jump in the net profit to 400.33 crore
in the quarter ended June 2025 (Q1FY2026) against net profit of Rs 239.32 crore
in Q1FY2025. Gross Direct Premium increased 13% to Rs 13445.53 crore in Q1FY2026.
The company has posted the operating loss
of Rs 97.79 crore in Q1FY2026 compared with operating loss of Rs 258.63 crore
in Q1FY2025. The sharp losses in the health segment mainly caused the overall
operating loss, while the segments such as fire, marine, crop and motor have
posted operating profit in Q1FY2026.
Income from investments increased 16% to
Rs 638.49 crore. PBT jumped 44% to Rs 391.13 crore in Q1FY2026 compared with Rs
272.10 crore in Q1FY2025.
Tax provisions were reversed amounting
to Rs 1.27 crore against provisions charge of Rs 39.29 crore in Q1FY2025. There
was loss attributable to non-controlling interest of Rs 1.34 crore and gain
from associate was at Rs 9.27 crore. The net profit increase...
Pleaselogin & subscribe to view the full report.
More Reports
|
|