Go Digit's Stellar Surge: Insurance Firm's Net Profit Climbs 38%

General insurance firm Go Digit announced a robust 38% increase in net profit, reaching Rs 138 crore in the June quarter. This marked a significant growth from Rs 101 crore in the same period last year.

The Fairfax-backed company detailed that its gross written premium rose to Rs 2,982 crore, compared to Rs 2,660 crore a year prior, as disclosed in a recent regulatory filing.

Additionally, the assets under management for the firm swelled to Rs 20,861 crore during the quarterly review, up from Rs 17,773 crore the previous year.

(With inputs from agencies.)