Go Digit General Insurance (GODIGIT) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 insurance revenue was ₹272,049 lakh; reported PAT was ₹14,239 lakh versus ₹20,679 lakh in Q2 FY26.

• Q2 PBT excluding MTM and flood loss was ₹341 crore; PAT excluding MTM and flood loss was ₹255 crore.

• Net Gujarat flood losses were INR 63 crore versus INR 10 crore in Q2 last year; management prioritized profitability amid soft market conditions and high commissions.

• Ind AS reporting began from April 1, 2025, with comparatives restated; management said the transition changes profit-recognition timing, not underlying economics.

Financial highlights

• Q2 insurance revenue was ₹272,049 lakh versus ₹267,485 lakh; H1 revenue was ₹538,609 lakh versus ₹515,238 lakh.

• Q2 reported PBT was ₹19,018 lakh versus ₹27,630 lakh and PAT was ₹14,239 lakh versus ₹20,679 lakh; H1 PBT was ₹69,614 lakh versus ₹71,922 lakh and PAT was ₹52,100 lakh versus ₹53,823 lakh.

• Q2 PBT excluding MTM was ₹278 crore and PAT excluding MTM was ₹208 crore; H1 PBT excluding MTM was ₹597 crore and PAT excluding MTM was ₹447 crore.

• Q2 basic EPS was ₹1.54 versus ₹2.24; H1 basic EPS was ₹5.63 versus ₹5.83.

Outlook and guidance

• Private-car OD attritional loss ratio improved to 81.1% in Q2 from 85.3% in Q1; management expects the better-priced post-April/May book to improve results as it earns through, with no formal guidance.

• Management expects improving fire pricing discipline from mid-September to support results over the next couple of quarters.

• Commercial-lines product launched with pricing and rating models developed; quote volumes were below 20, with scale to be assessed after six months.