Go Digit General Insurance Reports 53% Jump in Q2 Profit, Appoints Two New Directors

Go Digit General Insurance Limited has reported a strong financial performance for the second quarter, with significant growth in profitability and continued expansion of its business operations.

Financial Highlights

The company's financial results for Q2 show impressive growth:

Particulars	Q2 FY26	Q2 FY25	YoY Change
Gross Written Premium (₹ crore)	2,667.00	2,369.00	12.60%
Profit Before Tax (₹ crore)	136.00	89.00	53.00%
Profit After Tax (₹ crore)	117.00	89.00	31.00%
Combined Ratio	111.40%	112.20%	-0.80%

The company's Gross Written Premium (GWP) for Q2 stood at ₹2,667.00 crore, marking a 12.60% increase from ₹2,369.00 crore in the same quarter of the previous year. Notably, without the 1/n basis accounting change, the GWP growth would have been even higher at 15.60%.

Profitability saw a significant boost, with Profit Before Tax (PBT) jumping 53.00% to ₹136.00 crore, compared to ₹89.00 crore in the same quarter last year. Profit After Tax (PAT) also showed strong growth, increasing by 31.00% to reach ₹117.00 crore.

Operational Performance

Go Digit's combined ratio improved to 111.40% in Q2, down from 112.20% in the same quarter of the previous year, indicating enhanced operational efficiency. The company's net retention ratio stood at a healthy 79.10% for the quarter.

Assets Under Management (AUM) grew by 15.40% year-over-year, reaching ₹21,345.00 crore as of September 30, compared to ₹18,502.00 crore a year earlier.

The company maintained a strong solvency ratio of 2.26x as of September 30, well above the regulatory minimum requirement of 1.50x, demonstrating financial stability and resilience.

Segment Performance

The motor insurance segment continued to be a significant contributor to Go Digit's business, accounting for 61.50% of the total GWP in Q2. The health, travel, and personal accident segment showed robust growth, with its share increasing to 19.50% of GWP, up from 16.10% in the same quarter last year.

Board Appointments

Go Digit General Insurance has announced two key appointments to its Board of Directors, effective November 1, subject to shareholder approval:

Mr. Giridhar Aramane has been appointed as a Non-Executive Independent Director for a term of five years. Mr. Aramane brings over 30 years of distinguished public service experience, including roles as Defence Secretary and Secretary in the Ministry of Road Transport & Highways.
Mr. Michael Wallace joins as a Non-Executive Director. With over 30 years of experience in property and casualty insurance, Mr. Wallace's expertise spans underwriting, reinsurance, and management.

These appointments are expected to bring valuable insights and strategic direction to the company's growth plans.

Future Outlook

While the company has shown strong performance, it continues to face challenges in managing expenses. Go Digit's expenses relating to the insurance business exceeded regulatory limits for the six months ended September 30, as per IRDAI regulations. The company has submitted information to the IRDAI seeking forbearance for the previous financial year.

Go Digit General Insurance's focus on innovation, digital capabilities, and customer-centric approach continues to drive its growth in the competitive insurance market. The company's ability to maintain a robust growth rate while improving profitability indicators positions it well for future expansion in the Indian insurance sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.40%	+1.82%	+3.64%	+25.58%	+8.62%	+17.21%

Go Digit General Insurance Limited , a prominent player in the Indian insurance sector, has recently come under regulatory scrutiny. The company has disclosed that it has received a Goods and Services Tax (GST) notice amounting to ₹11.66 crore from the tax authorities.

Details of the GST Notice

According to a regulatory filing by Go Digit General Insurance, the company received a Show Cause Notice (SCN) on September 25, 2025, at 3:42 PM. The notice was issued by the Directorate General of GST Intelligence, Mumbai Zonal Unit, under Regulation 74(1) of the Central Goods and Services Tax Act, 2017, read with Section 20 of the Integrated Goods and Services Tax Act, 2017.

The GST Authority has raised a total demand of ₹11,65,75,990, along with applicable interest and penalties. This substantial sum has put the spotlight on the company's tax compliance practices.

Company's Response

In response to this development, Go Digit General Insurance has stated that it plans to file a detailed reply to the Show Cause Notice. The company intends to present facts, figures, and justifications to the GST Authority within the prescribed timelines. Go Digit aims to substantiate its tax position with the required evidence.

Financial Impact

Despite the significant amount involved in the GST notice, Go Digit General Insurance has assured stakeholders that there will be no immediate financial impact on the company. In its statement, the company emphasized that the notice would not affect its current financial position, operations, or other activities.

Next Steps

The insurance provider is expected to engage with the tax authorities to address the issues raised in the SCN. The outcome of this process will be closely watched by investors and industry observers alike, as it could have implications for the company's financial statements in the future.

Go Digit General Insurance Limited has made this disclosure in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.