Results - Announcements
General Insurance Corporation of India share price slipped 3.03% to Rs 311.75 after the company's net profit surged by 81.69% to Rs 2945.13 crore, while revenue from operations softened by 3.48% to Rs 10711.61 crore in Q3FY26 over Q2FY26.
The market capitalization of General Insurance industry group stocks on BSE stood at Rs 2.47 lakh crore, declining 2.12%. It has eased by 2.30% over last one week and eased lower by 7.69% in last one month while the market capitalization of General Insurance Corporation of India has slipped by 3.72% and 12.56% in the same period respectively.
Profit before tax (PBT) of General Insurance Corporation of India stood at Rs 3598.48 crore in Q3 FY26, rising 8.55% year-on-year, and jumping 64.18% quarter-on-quarter. EBITDA came in at Rs 3319 crore, expanding by 49.48% YoY and surging by 79.49% sequentially.
Total expenses marginally dropped 6.98% to Rs 11367.34 crore in Q3FY26 over Q3FY25. During the quarter, employee benefits expense was at Rs 78.74 crore, falling 10.41% YoY.
For the TTM ended FY26, revenue from operations grew marginally by 8.26% to Rs 39743.31 crore, while net profit soared by 29.06% to Rs 9000.5 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 849178% to Rs 8701.02 crore, and PBT soared 25.72% to Rs 11446.7 crore compared to previous TTM.
General Insurance Corporation of India nosedived by 18.54% in last one year, underperforming the benchmark BSE Sensex which has reduced by 11.78% during the same period.