Results · Financial Services

Go digit reports profit decline in first quarter

By Startup Enthusiast · 23 July 2026

What they do

Go Digit sells motor, health and property insurance through digital channels

First quarter profit fell 37.5 percent to ₹86.4 crore from last year

Total expenses rose 11.2 percent while gross premiums dropped slightly

Go Digit reported a sharp drop in quarterly profits for the first quarter of FY27.
Net profit declined 37.5% year-on-year to reach ₹86.4 crore.
The company reported total income of ₹2,359.4 Cr for the quarter.
Gross premium written fell by 8.4% to ₹2,730.9 crore during the period.
Total income decreased by 8.3% to ₹2,359.4 crore from the prior year.
Expenses increased significantly by 11.2% rising to ₹2,289 crore.
Gross direct premium income dropped marginally by 2.4% to ₹2,447 crore.
Motor insurance non-performing exposures rose by 5.3% to ₹1,510.1 crore.

Rising operational costs contributed to the significant contraction in net profitability.
Premium growth slowed as total income and gross premiums both declined.
The results highlight pressure on margins despite continued expansion in customer base.

Faering Capital (existing) — Investment firm backing Go Digit.
Wellington Management (existing) — Global investment management firm.
TVS Capital Funds (existing) — Financial services and investment entity.
JP Morgan (buyer) — Purchased shares in the recent block deal.
Aditya Birla Sunlife Mutual Fund (buyer) — Acquired shares from Peak XV Partners.