New-age insurance startup Go Digit General Insurance recorded a 38% year-on-year dip in net profit to Rs 86.4 crore for the April-June quarter, as a higher loss ratio and the impact of Indian Accounting Standards (Ind AS) ate into its bottom line. Gross written premium during the quarter also fell 8.4% year-on-year to Rs 2,731 crore. “In a soft market we would rather protect the quality of the book than the optics of a single quarter,” the