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New India Assurance Company reports 4% rise in Q1 consolidated net profit

17 Aug 2020 Evaluate

New India Assurance Company has reported results for the first quarter ended June 30, 2020.

The company has reported a rise of 3.01% in its net profit at Rs 286.47 crore for the quarter under review as compared to Rs 278.11 crore for the same quarter in the previous year. Total income of the company increased by 3.52% at Rs 6,616.79 crore for Q1FY21 as compared Rs 6,392.10 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a marginal rise of 3.96% in its net profit at Rs 302.62 crore for the quarter under review as compared to Rs 291.08 crore for the same quarter in the previous year. Total income of the company increased by 3.52% at Rs 6,663.89 crore for Q1FY21 as compared Rs 6437.47 crore for the corresponding quarter previous year.

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