Go Digit Q3 net profit rises 18% to Rs 140 crore on premium growth
New-age insurance startup Go Digit General Insurance reported an 18% year-on-year (YoY) rise in net profit for the December quarter, driven by growth in gross written premiums.
The Fairfax-backed company posted a net profit of Rs 140 crore for the third quarter of the current financial year, compared with Rs 118.5 crore a year earlier, according to a stock exchange filing.
Gross written premium — the total premium collected before deducting expenses — increased to Rs 2,909 crore from Rs 2,676 crore in the same period last year.
