The New India Assurance Company has reported results for fourth quarter and year ended March 31, 2019.
The company has reported a net loss of Rs 270.52 crore for the quarter under review against net profit of Rs 335.96 crore for the same quarter in the previous year. However, total income of the company increased by 8.41% at Rs 6,570.11 crore for Q4FY19 as compared Rs 6,060.47 crore for the corresponding quarter previous year.
For the year ended March 31, 2019, the company has reported a fall of 73.66 % in its net profit at Rs 579.79 crore as compared to Rs 2,200.92 crore for the previous year. However, total income of the company increased by 8.68% at Rs 25,272.38 crore for year under review as compared to Rs 23,252.88 crore for year ended March 31, 2018.
For the year ended March 31, 2019, on the consolidated basis, the company has reported a fall of 72.38% in its net profit at Rs 604.77 crore as compared to Rs 2,189.22 crore for the previous year. However, total income of the company increased by 8.74% at Rs 25,406.19 crore for year under review as compared to Rs 23,365.03 crore for year ended March 31, 2018.
