New India Assurance Company's Q2 FY 2025-26 Quarterly Results

Result Summary

• New India Assurance Company Ltd reported a 18.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 23.7%.
• Its expenses for the quarter were up by 22.2% QoQ and 25.2% YoY.
• The net profit decreased 86.2% QoQ and decreased 39.0% YoY.
• The earnings per share (EPS) of New India Assurance Company Ltd stood at 0.33 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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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 public sector general insurance company in India. It provides a wide range of insurance products, including health, motor, travel, and commercial insurance, catering to both individual and corporate clients. The company operates in a competitive industry, with a robust presence across India and various international markets. As a government-owned entity, it plays a significant role in the insurance sector, contributing to financial security through its diverse insurance offerings. Recently, New India Assurance has focused on digital transformation to enhance customer service and streamline operations, aligning with industry trends towards technology-driven solutions.

Revenue

In the second quarter of fiscal year 2026 (Q2FY26), New India Assurance Company Ltd reported a total income of ₹13,341.90 crores, marking an 18.3% increase from the previous quarter (Q1FY26) and a 23.7% increase year-over-year from Q2FY25. This substantial growth in revenue highlights the company's ability to increase its income over both quarterly and annual periods. The company's total income for Q1FY26 was ₹11,282.35 crores, while in Q2FY25, it was ₹10,786.57 crores. These figures reflect a strong upward trajectory in the company's revenue stream.

Profitability

The company's profitability faced significant challenges in Q2FY26. Profit Before Tax (PBT) decreased to ₹23.35 crores, representing a 94.0% decline from ₹391.13 crores in Q1FY26 and an 83.4% decline from ₹140.75 crores in Q2FY25. Despite a considerable reduction in tax expenses from both the previous quarter and year-over-year, Profit After Tax (PAT) also saw a substantial decline. PAT stood at ₹55.30 crores in Q2FY26, an 86.2% drop compared to ₹401.67 crores in Q1FY26 and a 39.0% decrease from ₹90.62 crores in Q2FY25. Earnings Per Share (EPS) followed a similar downward trend, falling to ₹0.33 in Q2FY26 from ₹2.43 in Q1FY26 and ₹0.54 in Q2FY25, marking decreases of 86.4% QoQ and 38.9% YoY.

Operating Metrics

The total expenses for New India Assurance Company Ltd in Q2FY26 were ₹13,294.97 crores, reflecting a 22.2% increase from Q1FY26's ₹10,878.95 crores and a 25.2% increase from ₹10,614.77 crores in Q2FY25. These increased expenses contributed to the pressure on the company's profitability despite the rise in total income. The tax expense for Q2FY26 was ₹3.25 crores, which is notable for its stark contrast to the negative tax figure of -₹1.27 crores in Q1FY26 and a significantly higher tax expense of ₹67.19 crores in Q2FY25. The interplay between rising expenses and changes in tax obligations played a crucial role in shaping the company's financial performance for the quarter.