GICRE · Financial Services
General Insurance Corporation of India reported total income of ₹12,755 cr for July to September 2025, +3.0% on the year and −12.8% on the quarter. Over the last four quarters income comes to ₹51,731 cr, +10.9% on the four before.
Net profit was ₹2,874 cr, +54.8% on the year and +13.6% on the quarter, with earnings per share of ₹16.38. The tax rate of 19% is in line with its recent average. Profit over the last four quarters totals ₹9,581 cr, +31.7% on the four before.
An NBFC's quarter turns on loan growth, its cost of borrowing and credit costs; profit can rise for a while simply because provisions fall. The quarterly statements do not carry AUM growth, stage 2 and 3 assets, credit cost and the cost of funds; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed, Asset quality (lenders), Net interest margin (lenders), Net interest income against profit (lenders). Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
Lenders are read on NIM, asset quality, provision cover and credit cost. Those come from the filing read, which is not in yet for this quarter, so margin, other-income and cash checks are withheld rather than shown on a template built for manufacturers.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total income | ₹13,075 cr | ₹11,148 cr | ₹10,254 cr | ₹12,886 cr | ₹12,378 cr | ₹11,144 cr | ₹13,209 cr | ₹14,623 cr | ₹12,755 cr | ₹12,589 cr | ₹13,018 cr | ₹14,401 cr |
| YoY | — | — | — | +15% | −5% | −0% | +29% | +13% | +3% | +13% | −1% | −2% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 13% | 24% | 18% | 25% | 18% | 26% | 25% | 18% | 19% | 24% | 23% | 26% |
| Net profit | ₹1,689 cr | ₹1,439 cr | ₹2,580 cr | ₹1,401 cr | ₹1,856 cr | ₹1,677 cr | ₹2,499 cr | ₹2,531 cr | ₹2,874 cr | ₹1,726 cr | ₹2,533 cr | ₹1,744 cr |
| YoY | — | — | — | +43% | +10% | +17% | −3% | +81% | +55% | +3% | +1% | −31% |
| EPS | ₹9.63 | ₹8.20 | ₹14.71 | ₹7.98 | ₹10.58 | ₹9.56 | ₹14.24 | ₹14.42 | ₹16.38 | ₹9.84 | ₹14.44 | ₹9.94 |
| Flags | · | · | · | · | · | · | · | · | · | · | · | · |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
General Insurance Corporation of India reported total income of ₹12,755 cr (+3.0% on the year) and net profit of ₹2,874 cr (+54.8% on the year) for July to September 2025.
None of the 2 checks that could run raised a question.
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Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.