New India Assurance Company's Q1 FY 2025-26 Quarterly Results

Result Summary

• New India Assurance Company Ltd reported a 3.7% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 8.3%.
• Its expenses for the quarter were down by 2.1% QoQ and up 7.7% YoY.
• The net profit increased 28.4% QoQ and increased 65.4% YoY.
• The earnings per share (EPS) of New India Assurance Company Ltd stood at 2.4 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

New India Assurance Company Ltd is a leading insurance company in India, primarily engaged in providing insurance products and services. As a government-owned entity, it operates within the insurance sector, offering a wide array of products including health, motor, travel, and property insurance. The company, founded in 1919, has established a significant presence in the Indian insurance market and operates both domestically and internationally. As of now, there are no specific recent major developments available for this period that can be highlighted.

Revenue

For the first quarter of fiscal year 2026 (Q1FY26), New India Assurance Company Ltd reported a total income of ₹11,282.35 crores. This represents a 3.7% decrease from the previous quarter (Q4FY25), where the total income was ₹11,721.43 crores. When compared year-over-year, there was an 8.3% increase from Q1FY25, when the company reported a total income of ₹10,420.41 crores. The quarter-over-quarter decline suggests a relative contraction in income, while the year-over-year figures demonstrate growth compared to the same period in the previous year.

Profitability

The company's profitability saw an interesting shift this quarter. Profit Before Tax (PBT) for Q1FY26 totaled ₹391.13 crores, illustrating a 16.8% decrease from the previous quarter's ₹469.86 crores. However, on a year-over-year basis, the PBT increased by 43.8% from Q1FY25's ₹272.09 crores. Notably, the Tax component saw a dramatic shift, moving from a positive ₹162.08 crores in Q4FY25 to a negative ₹1.27 crores in Q1FY26. Profit After Tax (PAT) for Q1FY26 was ₹401.67 crores, showing a significant increase of 28.4% quarter-over-quarter and a 65.4% increase year-over-year from ₹242.88 crores in Q1FY25. Earnings Per Share (EPS) also increased to ₹2.40 in Q1FY26 from ₹1.90 in Q4FY25, reflecting a 26.3% rise quarter-over-quarter and a substantial 71.4% rise year-over-year from ₹1.40.

Operating Metrics

In terms of operational efficiency, total expenses for Q1FY26 were ₹10,878.95 crores, marking a 2.1% decrease from the previous quarter's ₹11,117.68 crores. This decrease in expenses, coupled with the changes in the tax component, likely contributed to the increase in profitability despite the decline in total income. Year-over-year, total expenses rose by 7.7% from Q1FY25's ₹10,105.64 crores. The reduction in expenses quarter-over-quarter and the increase year-over-year are crucial metrics to consider in evaluating the company's operational cost management and efficiency over time.