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Go Digit Q2 Profit Falls 31% To ₹142 Cr

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Go Digit Q2 Profit Falls 31% To ₹142 Cr

Insurtech Go Digit reported a 31.1% year-on-year (YoY) decline in its net profit for the September quarter (Q2 FY27) to ₹142.4 Cr from ₹206.8 Cr in the corresponding quarter last year. The insurtech major’s profit also declined 62.4% sequentially from ₹378.61 Cr in the June quarter.

The decline in profitability came despite a marginal increase in insurance revenue, which rose 1.7%  to ₹2,720.5 Cr during the quarter from ₹2,674.9 Cr in Q2 FY26. Sequentially, insurance revenue increased 2.1% from ₹2,665.6 Cr.

Segment-wise, Motor Third Party (TP) insurance remained Go Digit’s largest business, contributing ₹1,066.1 Cr to insurance revenue in Q2 FY27, up 8.3% YoY. Motor Own Damage (OD) insurance revenue grew at a faster pace of 11.4% YoY to ₹640.64 Cr.

The company’s gross written premium for the quarter dipped by 3.6% YoY to ₹2,571 Cr while gross direct premium, dipped 1.2% to ₹2,351 Cr.

However, the company’s insurance service result, which reflects the profitability of its insurance operations before investment and other financial income, sunk 73.4% YoY to ₹43 Cr from ₹161.98 Cr in the year-ago quarter. The figure also fell 62.3% sequentially from ₹114 Cr.

The deterioration in the insurance service result came as insurance service expenses increased 22.4% YoY to ₹2,607.73 Cr in Q2 FY27 from ₹2,130.85 Cr in the corresponding quarter last year. Incurred claims rose 9.2% to ₹1,968.03 Cr from ₹1,802.96 Cr, while employee benefit expenses increased 4.3% to ₹95.48 Cr.

10 Cr. 52 Cr.



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