PayU India's FY25 revenue up 24% to $669 million, but still chasing profit
Indian digital payments and lending firm PayU India recorded 24% growth in overall revenue to...
Go Digit net profit up 37% to Rs 138 crore in April-June
28 Jul 2025, 09:39 PMThe insurer posted gross premium written growth of 12% to Rs 2,982 crore during the June quarter.
Team Head&Tale
Share the story on
New age general insurance company Go Digit General Insurance reported around 37% jump in net profit to Rs 138 crore in the April-June quarter as compared to Rs 101 crore in the same period year ago.
The insurer, which was listed on the stock exchanges last year, posted gross premium written growth of 12% to Rs 2,982 crore during the June quarter as compared to Rs 2,660 crore in the year-ago period, according to filings with the stock exchanges.
On a non-1/n basis, gross premium written stood at Rs 3,046 crore, representing a 14.5% growth.
Starting 1 October 2024, the Insurance Regulatory and Development Authority of India (IRDAI) introduced a new way for non-life insurance companies to report long-term premium income. They must now spread the premium evenly over the policy period, based on the number of days in the policy.
Its net premium written, however, dropped to Rs 1,950 crore during the quarter from Rs 2,026 crore in the same period last year.
Go Digit's total income inched up to Rs 2,179 crore in the April-June period from Rs 2,076 crore in the year-ago period.
The solvency ratio of the Go Digit was at 227%, which is higher than the regulatory mandate of 150% in the June quarter. It was 217% in the same quarter last year.
Last month, the insurer got a legal relief after the Bombay High Court set aside a Rs 170.29 crore GST demand issued by the Chennai South Commissionerate of GST & Central Excise.
Who Reads Us
“I enjoy reading The Head and Tale for their coverage on the Fintech landscape. The reporting is incisive and honest, and it demonstrates a sharp understanding of the industry and the issues that concern it. I'd like to extend my best wishes to Arti for her continued success.”
“Well-researched, informative and analysis based reporting makes an interesting read. 'The Head and Tale' news portal has been demonstrating this quite well covering fintech and emerging tech sectors. Their timely updates, exclusive stories and different perspectives on these sectors help me stay informed. Kudos to Arti Singh for pursuing her passion and best wishes to the team.”
“The Head and Tale stands out for its deep industry knowledge and impressive network of sources. I especially appreciate that the reporting remains independent, rarely resorting to paid puff pieces, making it a publication I can genuinely trust. Having followed Arti’s work for years, I’ve come to rely on The Head and Tale for its unparalleled insight and truly independent coverage. Arti’s long-standing presence in the sector means her reporting is always informed, with access few can match.”
“What I really appreciate about The Head and Tale is that it doesn’t just report the news, it interprets it. The stories are well-researched, comprehensive, and bold. Arti brings a fearless lens to reporting, often asking the uncomfortable but necessary questions. She makes you pause, reflect, and rethink what it all means for the payments and fintech ecosystem. It’s rare to find journalism that’s this sharp, timely, and relevant to the work we do every day.”
“I’ve always valued journalism that goes beyond surface-level headlines. The Head and Tale does exactly that - it connects the dots, asks the tough questions, and brings clarity to the shifts shaping our evolving industry. I’ve even encouraged my team members to subscribe, because staying informed through credible, deeply reported stories is as important as building products. For me, The Head and Tale has become part of essential reading.”
Related News
