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New India Assurance Company Ltd Q1FY24; 91% rise in Profits

New India Assurance Company Ltd is India’s largest non-life insurance company. It is promoted by the Government of India (GoI) holding ~86% stake.

Financial Results:

New India Assurance Company Ltd reported Revenues for Q1FY24 of ₹9,900.00 Crores up from ₹8,595.00 Crore year on year, a rise of 15.18%.

Total Expenses for Q1FY24 of ₹9,557.00 Crores up from ₹8,436.00 Crores year on year, a rise of 13.29%.

Consolidated Net Profit of ₹261.00 Crores up 90.51% from ₹137.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.58, up 95.06% from ₹0.81 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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