Latest Q3 Results: Go Digit General Insurance Limited on Wednesday (January 22) released the results for the third quarter ended December 31, 2024. The company has informed in the exchange filing that its net profit has increased by 74.1% year-on-year (YoY).

The company has earned a profit of Rs 118.5 crore in this quarter. The profit in the year-ago quarter was Rs 43 crore. The insurance company informed that it has registered a growth of 10.2% YoY in its Gross Right Premium (GWP) for Q3 FY25, reaching Rs 2,677 crore as compared to Rs 2,428 crore in the third quarter of the previous financial year.

Adjusting for accounting changes on a 1/n basis for long-term premiums effective from October 1, 2024, the GWP for Q3 FY25 is Rs 2,738 crore, indicating a higher growth rate of 12.8%. The company's premium retention ratio declined from 87.9% in the same period last year to 83.8% in Q3 FY25. Meanwhile, its assets under management (AUM) have shown strength of 20.1%. It has reached Rs 18,939 crore as of December 31, 2024. It was Rs 15,764 crore as of March 31, 2024. Operational efficiency has also improved. The joint ratio declined to 108.1% in Q3 FY25 from 110.3% in the third quarter of FY24. Excluding 1/n basis adjustment, the joint ratio stood at 107.2%, indicating continued efforts towards input management and operational optimization. The results came after the close of market hours. Shares of Go Digit General Insurance Limited closed at Rs 286, down ₹ 5.60 or 1.92% on the BSE. CIGNITI TECHNOLOGIES Q3 CIGNITI announced its third quarter results and said that the profit increased from Rs 15 crore to Rs 22 crore. Talking about earnings, it has increased from Rs 468 crore to Rs 516.4 crore. Talking about EBIT, it has increased from Rs 56.7 crore to Rs 76.7 crore. Margin has increased from 12.1% to 14.9%.