{"id":496354,"date":"2025-01-23T13:31:17","date_gmt":"2025-01-23T08:01:17","guid":{"rendered":"https:\/\/inc42.com\/?p=496354"},"modified":"2025-01-23T13:32:45","modified_gmt":"2025-01-23T08:02:45","slug":"go-digit-shares-surge-12-28-after-q3-results","status":"publish","type":"post","link":"https:\/\/inc42.com\/buzz\/go-digit-shares-surge-12-28-after-q3-results\/","title":{"rendered":"Go Digit Shares Surge 12.28% After Q3 Results"},"content":{"rendered":"

Shares of Go Digit surged as much as 12.28% to INR 321.35 during the intraday trading today (January 23) after the company announced its third quarter (Q3) results for the fiscal year 2024-25 (FY25).\u00a0<\/span><\/p>\n

However, the shares pared some gains to trade 11.5% lower at INR 319.15 as of 12:30 PM.<\/span><\/p>\n

With today\u2019s stock rally, the company\u2019s market capitalisation stood at INR 29,433.44 Cr at the above-mentioned time, with 2.2 Cr shares traded by then.<\/span><\/p>\n

The stock opened today\u2019s trading session 4.85% higher at INR 300.10. Not to mention, the stock has an upper price circuit of INR 343.40. The stock’s 52-week high and low range is between INR 276.80 and INR 407.55. Earlier this month on January 13, the shares slumped to its 52-week low mark.\u00a0<\/span><\/p>\n

The insurtech company\u2019s <\/span>net profit zoomed 176.46% to INR 118.52 Cr<\/span><\/a> in the third quarter of the fiscal year 2024-25 (FY25) from INR 42.87 Cr in the year-ago period on the back of strong growth in its revenue and a controlled rise in expenses.\u00a0<\/span><\/p>\n

On a sequential basis, the listed insurance giant\u2019s profit <\/span>surged 32.46% from INR 89.47 Cr<\/span><\/a>.<\/span><\/p>\n

Founded in 2017 by Kamesh Goyal, Go Digit General Insurance is a full-stack digital insurance company. It offers a wide range of non-life insurance policies across sectors such as motor vehicle, health, travel, and property among others.<\/span><\/p>\n

The company reported a 10.24% increase in gross written premium (GWP) to INR 2,676.78 Cr in the quarter ended December 2024 from INR 2,427.97 Cr in Q3 FY24. Net premium written also grew 5.13% to INR 2,084.14 Cr in Q3 FY25 from INR 1,982.39 Cr in the year-ago quarter.\u00a0<\/span><\/p>\n

The stock has given a negative return of 1.52% in the last month while it yielded a positive return of 5.44% over the last year.\u00a0<\/span><\/p>\n

Go Digit General was listed on the bourses in May last year, with a modest premium of 3.3% at <\/span>INR 281 apiece <\/span>on the Bombay Stock Exchange (BSE). Its shares have given a mere return of 1.8% since listing. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Go Digit surged as much as 12.28% to INR 321.35 during the intraday trading today (January 23) after…<\/p>\n","protected":false},"author":73451,"featured_media":396087,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"title":"Go Digit Shares Surge 12.28% After Q3 Results","image":"https:\/\/inc42.com\/cdn-cgi\/image\/quality=75\/https:\/\/asset.inc42.com\/2023\/04\/Go-Digit-Life-feature.png","author_url":"https:\/\/inc42.com\/author\/bhupendra-paintola\/","author_name":"Bhupendra Paintola","category":"News","tags":"Internet","twitter":"The insurtech company\u2019s net profit zoomed 176.46% to INR 118.52 Cr in Q3 FY25 from INR 42.87 Cr in the year-ago period","facebook":"The insurtech company\u2019s net profit zoomed 176.46% to INR 118.52 Cr in Q3 FY25 from INR 42.87 Cr in the year-ago period","linkedin":"The insurtech company\u2019s net profit zoomed 176.46% to INR 118.52 Cr in Q3 FY25 from INR 42.87 Cr in the year-ago 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