Go Digit Shares Surge 12.28% After Q3 Results

SUMMARY

However, the shares pared some gains to trade 11.5% lower at INR 319.15 as of 12:30 PM

The stock opened today’s trading session 4.85% higher at INR 300.10

The insurtech company’s net profit zoomed 176.46% to INR 118.52 Cr in the third quarter of the fiscal year 2024-25 (FY25) from INR 42.87 Cr in the year-ago period

Shares of Go Digit surged as much as 12.28% to INR 321.35 during the intraday trading today (January 23) after the company announced its third quarter (Q3) results for the fiscal year 2024-25 (FY25). 

However, the shares pared some gains to trade 11.5% lower at INR 319.15 as of 12:30 PM.

With today’s stock rally, the company’s market capitalisation stood at INR 29,433.44 Cr at the above-mentioned time, with 2.2 Cr shares traded by then.

The stock opened today’s trading session 4.85% higher at INR 300.10. Not to mention, the stock has an upper price circuit of INR 343.40. The stock’s 52-week high and low range is between INR 276.80 and INR 407.55. Earlier this month on January 13, the shares slumped to its 52-week low mark. 

The insurtech company’s net profit zoomed 176.46% to INR 118.52 Cr in the third quarter of the fiscal year 2024-25 (FY25) from INR 42.87 Cr in the year-ago period on the back of strong growth in its revenue and a controlled rise in expenses. 

On a sequential basis, the listed insurance giant’s profit surged 32.46% from INR 89.47 Cr.

Founded in 2017 by Kamesh Goyal, Go Digit General Insurance is a full-stack digital insurance company. It offers a wide range of non-life insurance policies across sectors such as motor vehicle, health, travel, and property among others.

The company reported a 10.24% increase in gross written premium (GWP) to INR 2,676.78 Cr in the quarter ended December 2024 from INR 2,427.97 Cr in Q3 FY24. Net premium written also grew 5.13% to INR 2,084.14 Cr in Q3 FY25 from INR 1,982.39 Cr in the year-ago quarter. 

The stock has given a negative return of 1.52% in the last month while it yielded a positive return of 5.44% over the last year. 

Go Digit General was listed on the bourses in May last year, with a modest premium of 3.3% at INR 281 apiece on the Bombay Stock Exchange (BSE). Its shares have given a mere return of 1.8% since listing.

Note: We at Inc42 take our ethics very seriously. More information about it can be found here.

You have reached your limit of free stories
Become A Startup Insider With Inc42 Plus

Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in india's startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
UNLOCK 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
UNLOCK 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Go Digit Shares Surge 12.28% After Q3 Results-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Go Digit Shares Surge 12.28% After Q3 Results-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Go Digit Shares Surge 12.28% After Q3 Results-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Go Digit Shares Surge 12.28% After Q3 Results-Inc42 Media
Go Digit Shares Surge 12.28% After Q3 Results-Inc42 Media
You’re in Good company