Go Digit posts 31% dip in net profit to Rs 142 crore

Go Digit posts 31% dip in net profit to Rs 142 crore



New-age insurance startup Go Digit General Insurance recorded a 31% year-on-year (YoY) dip in net profit to Rs 142 crore for the July-Sep quarter, as higher claims costs, flood-related losses, and a softer insurance market weighed on profitability.Excluding mark-to-market movements on investments, the insurer’s profit after tax stood at Rs 208 crore, compared to Rs 277 crore in the year-ago period, according to its investor



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