New India Assurance Company Ltd's Q4FY25 Quarterly Results

Result Summary

• New India Assurance Company Ltd reported a 9.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Mar (Q4FY25). On a year-on-year (YoY) basis, it witnessed a growth of 14.7%.
• Its expenses for the quarter were up by 4.8% QoQ and 10.2% YoY.
• The net profit decreased 10.2% QoQ and increased 152.9% YoY.
• The earnings per share (EPS) of New India Assurance Company Ltd stood at 1.9 during Q4FY25.

Financial Statments for Q4FY25

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 prominent player in the insurance industry. The company is primarily engaged in providing a wide range of general insurance products, including motor, health, marine, and fire insurance, among others. As a government-owned entity, New India Assurance is one of the largest insurers in India, with a significant presence both domestically and internationally. The company is headquartered in Mumbai and operates through a vast network of offices and agents across the country. There are no specific recent major developments available in the provided data.

Revenue

In Q4FY25, New India Assurance Company Ltd reported a total income of ₹11,721.43 crores, marking a 9.4% increase from ₹10,711.80 crores in Q3FY25. This reflects a strong quarter-over-quarter growth. Moreover, when compared to the same quarter last year (Q4FY24), where the total income was ₹10,223.09 crores, there is a year-over-year growth of 14.7%. This upward trend in total income suggests a robust expansion in revenue streams over both the quarterly and annual periods.

Profitability

During Q4FY25, the company achieved a profit before tax of ₹469.86 crores, which represents a significant increase of 338.1% from the ₹107.26 crores recorded in Q3FY25. This impressive growth is also evident on a year-over-year basis, with a 213.0% increase from ₹150.12 crores in Q4FY24. Despite these gains, the profit after tax (PAT) decreased by 10.2% quarter-over-quarter, from ₹348.51 crores in Q3FY25 to ₹312.90 crores in Q4FY25. Nonetheless, the PAT increased by 152.9% year-over-year from ₹123.72 crores in Q4FY24. The earnings per share (EPS) also decreased by 9.5% quarter-over-quarter, from ₹2.10 to ₹1.90, but increased by 137.5% year-over-year from ₹0.80.

Operating Metrics

The total expenses for Q4FY25 amounted to ₹11,117.68 crores, reflecting a 4.8% rise from ₹10,611.49 crores in Q3FY25. Year-over-year, the total expenses increased by 10.2% from ₹10,089.76 crores in Q4FY24. The tax expenses in Q4FY25 were ₹162.08 crores, a notable change from the negative tax figure of -₹237.00 crores in Q3FY25, and a substantial increase from ₹6.19 crores in Q4FY24. These changes in tax expenses contribute to the broader financial dynamics observed in the company's performance for the quarter.