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InFocus Finance

Go Digit Q1 FY25 Profit After Tax Increases 74.1% to ₹101 Cr

In Q1 FY25, Gross Written Premium of the company stood at ₹ 2,660 cr compared to ₹ 2,178 cr in Q1 FY24, achieving a growth of 22.2%.

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Particulars

FY 2023

FY 2024

Q1 FY24

Q1 FY25

Gross Written Premium (Cr)

7,243

9,016

2,178

2,660

Retention Ratio (%)

81.6%

85.8%

76.9%

76.2%

Profit After Tax (Cr)

36

182

58

101

Asset Under Management (Cr)

12,668

15,764

13,337

17,773

Combined Ratio (%)

107.4%

108.7%

106.2%

105.4%

Gross Written Premium Income: -

  • In Q1 FY25, Gross Written Premium of the company stood at ₹ 2,660 cr compared to ₹ 2,178 cr in Q1 FY24, achieving a growth of 22.2%.

Premium Retention Ratio: -

  • Premium Retention Ratio for Q1 FY25 is 76.2%, as compared to 76.9% in Q1 FY24.

Profitability: -

  • Profit after tax for the Q1 FY25 stood at ₹ 101 Cr, compared to ₹ 58 Cr in Q1 FY24, growth of 74.1%.

Asset Under Management: -

  • As at June 30, 2024, our asset under management stands at ₹ 17,773 Cr, compared to ₹ 15,764 Cr as at March 31, 2024, grew by 12.7%. 

Combined Ratio: -

  • Combined Ratio for Q1 FY25 is 105.4%, as compared to 106.2% in Q1 FY24.

Profit After Tax Go Digit