Go Digit General Insurance Limited has informed the Exchange regarding Board meeting held on July 28, 2025.
GODIGIT · price
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Awaiting price reaction for this filing.
Go Digit General Insurance announced its Q1 FY26 (quarter ended June 30, 2025) unaudited results alongside a senior management change. Profit after tax rose to ₹13,833 lakhs, up 36.5% from ₹10,134 lakhs in Q1 FY25, with EPS at ₹1.50 vs ₹1.13. Gross Premiums Written grew about 12% YoY to ₹2,98,180 lakhs, but Net Premium Written actually dipped roughly 4% to ₹1,95,060 lakhs. The underwriting loss widened to ₹(19,358) lakhs from ₹(17,016) lakhs, pushing the combined ratio to 108.6% (worse than 105.4% a year ago), showing the core insurance business is still loss-making. Investment income improved 24% to ₹31,407 lakhs. Additionally, Mr. Atul Mehta (Country Head – Retail Geographies & Key Partnerships) resigned effective August 11, 2025, citing personal reasons. A DGGI tax matter remains pending – the company has paid ₹551 lakhs tax, ₹145 lakhs interest, and ₹83 lakhs penalty, with the closure order awaited.
Strong bottom-line growth driven mainly by investment income, but rising combined ratio and widening underwriting loss mean the core insurance business is still under pressure. Investors should watch for improvement in underwriting profitability and resolution of the DGGI matter.