Categories Earnings

Earnings Summary Of General Insurance Corporation of India For Q3 FY23

General Insurance Corporation of India (NSE: GICRE) is a leading Indian reinsurance company that provides reinsurance services to the Indian insurance market. The company was established in 1972 and has since then grown to become the largest reinsurer in India, with a market share of over 60%. The company operates in both the domestic and international markets and has a diversified portfolio of products and services.

In terms of earnings, Total Income for Q3 FY23 was ₹10,569.80 crore, a 2.7% decrease from ₹10,861.92 crore in the same period last year. The Consolidated Net Profit was ₹1,232.25 crore, surged from ₹141.80 crore in the same quarter last year. This quarter’s earnings per share was ₹7.02. The third quarter’s other income, which came from foreign exchange gain of ₹42.24 Crore. In the same time period, the company’s Solvency Ratio increased to 2.38 from 1.80. As of December 31, 2022, it had a Gross NPA of 2.65 improved from 2.97 from previous year. 

Most Popular

Cochin Shipyard Ltd (COCHINSHIP) Q4 FY22 Earnings Concall Transcript

Cochin Shipyard Limited (NSE:COCHINSHIP) Q4 FY22 Earnings Concall dated May. 26, 2022 Corporate Participants: Madhu S Nair -- Chairman & Managing Director Jose V J -- Director Finance Analysts: Vastupal Shah

All you need to know about Antony Waste Handling Cell in one article

Can you guess the name of the company that was listed during the IPO frenzy in 2020 and is the second largest player in the Indian municipal waste management industry?

Demystifying the Leading Non-Ferrous Recycling Company of India

“Hey, how is the market doing today?” “Oh!, its falling tremendously since morning” I am sure news like these might be a common topic of discussion for you nowadays. Interestingly,

Top