Q1 FY25 Sees Fall in Go Digit’s Revenue But Profit Spikes 90%

Go Digit General Insurance is a mixed bag of sorts, but there’s some good news that needs sharing. Let’s get down to the bottom of things for this Bengaluru-based insurance firm.

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We are looking at an 8% drop, bringing the revenues down to Rs 1,824 crore from Rs 1,982 crore in Q4 FY24.

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Notwithstanding the drop in revenues, gross premium stood strong for the company at Rs 2,660 crore in the first quarter of the current fiscal.

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Profits balloons over 5X to Rs 182 crore during this period. Now, here is when things get interesting.

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The firm’s expenditure on commissions, employee benefits, business development, sales promotion and other overheads took its overall expense to Rs 1,993 crore in Q1 FY25 from Rs 2,198 crore in Q4 FY24.

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Go Digit’s profits increased by a whopping 90.6% to Rs 101 crore in Q1 FY25 from Rs 53 crore in Q4 FY24, nearly doubling sequentially.

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