The income from operation of New India Assurance Company
increased 3.43% to Rs 9747.28 crore in Q1FY2027. Other expenditure as a
percentage of total income moved up to 93.87% from 90.87% in Q1FY2027. The
staff cost as a percentage of total income increased to 8.17% from 7.07% in Q1FY2027.
Other income declined 86.86% to Rs 26.53 crore. Interest
cost remained nil. Provisions increased 32.91% to Rs 6.34 crore. PBT reported
loss of Rs 178.69 crore compared to profit of Rs 391.13 crore.
The effective tax rate declined to (-) 36.52% in Q1FY2027
compared to (-) 0.32% in Q1FY2026. Provision for tax was debit of Rs 65.25
crore, compared to credit of Rs 1.27 crore.
There was profit attributable to non-controlling interest
of Rs 3.50 crore as compared to Rs 1.34 crore. The share of profit of associate
companies decreased 48.33% to Rs 4.79 crore. Net profit attributable to owners
reported loss of Rs -242.65 crore compared to profit of Rs -242.65 crore.
Financial Performance FY2026
The income from operation of New India Assurance Company
increased 8.82% to Rs 38672.13 crore in FY2026. Overall OPM eased to 0.95% in
FY2026 from 4.72% in FY2025, leading to 78.14% fall in operating profit to Rs
366.41 crore. Other expenditure as a percentage of total income moved down to
87.45% from 87.88% in FY2026. The staff cost as a percentage of total income
increased to 11.60% from 7.41% in FY2026.
Other income increased 863.11% to Rs 892.13 crore. Interest
cost remained nil. Profit before tax increased 20.57% to Rs 1,232.83 crore. There
is no extraordinary item. After which, PBT increased 20.57% to Rs 1,232.83
crore.
Provision for tax was credit of Rs 120.74 crore, compared
to debit of Rs 50.28 crore. Profit after tax rose 39.22% to Rs 1,353.57 crore.
There was profit attributable to non-controlling interest
of Rs 4.55 crore in FY2026 as compared to Rs 1.57 crore in FY2025. The share of
profit of associate companies decreased 4.15% to Rs 63.24 crore. Finally, Net
profit attributable to owners rose 36.24% yoy to Rs 1,412.26 crore in FY2026.
|
New
India Assurance Company : Consolidated Results
|
|
Particulars
|
2606
(3)
|
2506
(3)
|
Var
(%)
|
2603
(12)
|
2503
(12)
|
Var
(%)
|
|
Income
from Operations
|
9747.28
|
9423.99
|
3.43
|
38672.13
|
35537.44
|
8.82
|
|
OPM
(%)
|
-2.04
|
2.06
|
-410
bps
|
0.95
|
4.72
|
-377
bps
|
|
OP
|
-198.88
|
194.07
|
PL
|
366.41
|
1676.47
|
-78.14
|
|
Other
Inc.
|
26.53
|
201.83
|
-86.86
|
892.13
|
92.63
|
863.11
|
|
PBDIT
|
-172.35
|
395.9
|
PL
|
1258.54
|
1769.1
|
-28.86
|
|
Interest
|
0
|
0
|
-
|
0
|
0
|
-
|
|
PBDT
|
-172.35
|
395.9
|
PL
|
1258.54
|
1769.1
|
-28.86
|
|
Depreciation
|
0
|
0
|
-
|
0
|
0
|
-
|
|
Profit
before Tax & Provisions
|
-172.35
|
395.9
|
-143.53
|
1258.54
|
1769.1
|
-28.86
|
|
Provisions
|
6.34
|
4.77
|
32.91
|
25.71
|
746.6
|
-96.56
|
|
PBT
before EO
|
-178.69
|
391.13
|
PL
|
1232.83
|
1022.5
|
20.57
|
|
EO
|
0
|
0
|
-
|
0
|
0
|
-
|
|
PBT
after EO
|
-178.69
|
391.13
|
PL
|
1232.83
|
1022.5
|
20.57
|
|
Tax
Expenses
|
65.25
|
-1.27
|
PL
|
-120.74
|
50.28
|
LP
|
|
PAT
|
-243.94
|
392.4
|
PL
|
1353.57
|
972.22
|
39.22
|
|
Profit
attributable to non-controlling interest
|
3.5
|
1.34
|
161.19
|
4.55
|
1.57
|
189.81
|
|
Share
of Profit/(Loss) from Associates
|
4.79
|
9.27
|
-48.33
|
63.24
|
65.98
|
-4.15
|
|
Net
profit attributable to owners
|
-242.65
|
400.33
|
PL
|
1412.26
|
1036.63
|
36.24
|
|
EPS
(Rs)*
|
-4.3
|
9.7
|
|
7.8
|
6.3
|
|
|
*
Annualised on current equity of Rs 824.00 crore, Face value of Rs 5,
Excluding extraordinary items. # EPS is not annualised, Figures in Rs crore,
Source: Capitaline Corporate Database
|
|