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General Insurance Corporation of India Q2FY24; 14% fall in Profits

General Insurance Corporation of India is engaged in the business of Reinsurance.

Financial Results:

General Insurance Corporation of India reported Revenues for Q2FY24 of ₹13,059.00 Crores up from ₹11,970.00 Crore year on year, a rise of 9.1%.

Total Expenses for Q2FY24 of ₹11,592.00 Crores up from ₹9,978.00 Crores year on year, a rise of 16.18%.

Consolidated Net Profit of ₹1,605.00 Crores down 13.71% from ₹1,860.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹9.15, down 13.68% from ₹10.60 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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