Go Digit Q1 FY 2024-25 GWP grows 22% to Rs 2,660 crore;
PAT jumps 74% YoY to Rs 101 crore
|
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.
