Go Digit Q1 FY27: PAT falls 37.5% YoY; gross premium dips 8.4%
GODIGIT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Go Digit Q1 FY27: Gross Premium Written fell 8.4% YoY to Rs 2,730.86 cr. Net premium earned rose 7.6% to Rs 2,007 cr. PAT declined 37.5% to Rs 86.4 cr from Rs 138.3 cr. Underwriting loss widened to Rs 282 cr from Rs 193.6 cr. Combined ratio worsened to 112.3% from 108.6%. EPS at Rs 0.93 versus Rs 1.50. Solvency ratio improved to 2.43. Operating expenses exceeded IRDAI regulatory limits. Scheme of amalgamation with Go Digit Infoworks pending NCLT and IRDAI approvals. AGM rescheduled to August 18.
PAT dropped 37.5% with wider underwriting loss. Combined ratio worsened above 112%. Expenses of Management breached IRDAI limits, inviting regulatory scrutiny.