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New India Assurance Company Ltd Q3FY24; 2% fall 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 Q3FY24 of ₹11,366.00 Crores up from ₹10,558.00 Crore year on year, a rise of 7.65%.

Total Expenses for Q3FY24 of ₹10,500.00 Crores up from ₹9,668.00 Crores year on year, a rise of 8.61%.

Consolidated Net Profit of ₹722.00 Crores down 1.9% from ₹736.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹4.38, down 2.01% from ₹4.47 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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