Go Digit Q2: Profit Zooms 30% YoY To INR 117 Cr

SUMMARY

On a sequential basis, profit declined 16% from INR 138.3 Cr

The insurtech company's gross written premium rose 13% to INR 2,667.5 Cr during the quarter under review from INR 2,368.6 Cr in Q2 FY25

Total expenses grew 9% YoY and 13% QoQ to INR 2,334.4 Cr in the quarter under review

Insurtech company Go Digit General Insurance’s profit after tax (PAT) increased 30% to INR 116.5 Cr in Q2 FY26 from INR 89.5 Cr in the year-ago quarter. On a sequential basis, profit declined 16% from INR 138.3 Cr.

The company’s gross written premium rose 13% to INR 2,667.5 Cr during the quarter under review from INR 2,368.6 Cr in Q2 FY25. Sequentially, it declined 11% from INR 2,981.8 Cr.

Meanwhile, net earned premium increased 9% YoY and 8% QoQ to INR 2,109.3 Cr during the quarter. Net premium earned (NPE) for the quarter stood at INR 2,088.2 Cr, up 8% YoY and 10% QoQ.

The company’s total income in Q2 FY26 stood at INR 2,408.4 Cr, up 11% QoQ and 11% YoY. Its total expenses grew 9% YoY and 13% QoQ to INR 2,334.4 Cr in the quarter under review.

Go Digit’s bread and butter motor insurance continued to be in the driving seat. The company said that this offering outgrew industry benchmark, with its GWP growing 12.6% YoY as against the industry growth percentage of 5.6% YoY.

Its other offerings – fire, marine, health (retail), health (government) and health (corporate) – also reported strong growth

For the motor segment, the company’s NPE increased 9% YoY to INR 1,481.8 Cr. its second largest offering, corporate health insurance, grew 16% YoY to INR 385.9 Cr.

Fire insurance’s NPE grew 1% YoY to INR 30.2 Cr while marine vertical’s NPE increased 6% YoY to INR 1.3 Cr. The NPE for the company’s health (government) surged about 12X YoY to INR 64.2 Cr.

Overall, Go Digit sold about 32 Lakh policies in the quarter, taking its total customer count to 7.6 Cr. The company claims to hold a 3.4% market share in the insurance industry and a 6.5% market share in the motor insurance space. Assets under management (AUM) as of September 30 stood at INR 21,345 Cr.

Besides announcing its financials, Go Digit also announced the appointments of two new additional non-executive directors, namely former defence secretary and retired IAS officer Giridhar Aramane and Canada-based insurance company FFHL’s senior executive Michael Wallace.

Go Digit’s shares ended today’s trading session 2.25% higher at INR 360.70 on the BSE.