Go Digit Q2 Net Profit Drops 31% To ₹142.4 Crore

5 Nov 2026, 9:31 pm · 4h ago · 1 min read · Inc42

Prem Watsa-backed insurtech major Go Digit reported a 31.1% year-on-year decline in net profit to ₹142.4 crore for the second quarter ended September, down from ₹206.8 crore in the previous year. Profit plunged 62.4% sequentially compared to the June quarter. While total insurance revenue increased marginally by 1.7% year-on-year to ₹2,720.5 crore, insurance service expenses surged 22.4% to ₹2,607.73 crore. Motor Third Party insurance remained the largest contributor, generating ₹1,066.1 crore. Higher incurred claims, which rose 9.2% to ₹1,968.03 crore, significantly squeezed the company's insurance service profitability during the quarter.