Go Digit General Insurance Credit Rating
Cril re-affirmed Go Digit General Insurance Ltd's Corporate Credit Rating as AA-. The rating carries a Rating Watch with Developing Implications, flagging a potential future change.
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Cril re-affirmed Go Digit General Insurance Ltd's Corporate Credit Rating as AA-. The rating carries a Rating Watch with Developing Implications, flagging a potential future change.
Go Digit General Insurance updated its draft Scheme of Amalgamation with Go Digit Infoworks Services to include mandatory regulatory references required by the IRDAI.
Mr. Giridhar Aramane has resigned as an Independent Director of Go Digit General Insurance Limited. The resignation follows his appointment as Chairman and MD of Unitech Limited.
Go Digit reported Q1 FY27 results, transitioning to IFRS/Ind-AS. PAT (with DAC, no discounting) was ₹190 Cr, down 5% YoY. Solvency remains strong at 2.43x.
Digit is intentionally sacrificing top-line growth to preserve margins amidst an irrational pricing environment, particularly in motor and fire segments.
Go Digit Q1 FY27 results show focus on 'profitability over growth'. Reported NEP of ₹2,007 cr (+7.6% YoY) but a de-growth in GWP (-8.4%) and GDPI (-2.4%).
Go Digit General Insurance Ltd reported revenue from operations of ₹2,359 Cr (+8.3% YoY) and net profit of ₹86.4 Cr (-37.5% YoY) for Q1 FY27.