Go Digit share price surged 10% to reach an all-time high during Wednesday’s session following the release of strong Q4 results. The general insurance company reported a net profit of ₹53 crore for the quarter ending March 31, 2024, a 104% increase from ₹26 crore in the previous year. The gross written premium for the quarter was ₹2,336 crore, up from ₹1,955 crore in Q4FY23, marking an almost 19% year-over-year increase.
On Wednesday, Go Digit’s share price opened at ₹365 apiece on the BSE, reaching an intraday high of ₹372.35 and a low of ₹345.75.
For the full fiscal year, the company reported a net profit of ₹182 crore, a significant increase from ₹36 crore in FY23, representing a 405% growth. The gross written premium for the entire fiscal year was ₹9,016 crore, compared to ₹7,243 crore in FY23, reflecting a 24.5% year-over-year revenue increase.
