NIACL · Financial Services
The New India Assurance Company Ltd. reported total income of ₹11,719 cr for April to June 2025, +12.5% on the year and +0.5% on the quarter. It is the highest quarterly income in the last 9 quarters on record. Over the last four quarters income comes to ₹44,872 cr, +1.9% on the four before.
Net profit was ₹402 cr, +65.4% on the year and +12.9% on the quarter, with earnings per share of ₹2.43. The tax rate was 0% against an average of 28% over the previous 6 quarters, which lifted profit this quarter. Profit over the last four quarters totals ₹1,198 cr, +8.6% 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, the auditor's review, segment results, one-off items line by line and what management said on the call.
A lower tax rate lifted profit. Is the lower rate going to last?
Source: Quarterly statements
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.
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.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total income | ₹11,366 cr | ₹11,686 cr | ₹10,418 cr | ₹10,786 cr | ₹10,703 cr | ₹11,664 cr | ₹11,719 cr | ₹13,450 cr | ₹12,069 cr | ₹12,544 cr | ₹11,900 cr | ₹13,721 cr |
| YoY | — | — | +5% | +2% | −6% | −0% | +12% | +25% | +13% | +8% | +2% | +2% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 18% | 34% | 14% | 48% | — | 36% | 0% | 14% | −1% | −26% | — | — |
| Net profit | ₹722 cr | ₹313 cr | ₹243 cr | ₹91.0 cr | ₹349 cr | ₹356 cr | ₹402 cr | ₹55.0 cr | ₹380 cr | ₹580 cr | −₹239 cr | −₹1,249 cr |
| YoY | — | — | −7% | — | −52% | +14% | +65% | −40% | +9% | +63% | −159% | −2,371% |
| EPS | ₹4.38 | ₹1.89 | ₹1.45 | ₹0.54 | ₹2.12 | ₹2.18 | ₹2.43 | ₹0.33 | ₹2.31 | ₹3.51 | −₹1.47 | −₹7.59 |
| Flags | · | · | · | · | · | · | 1 | 1 | 1 | 1 | 1 | 1 |
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.
The New India Assurance Company Ltd. reported total income of ₹11,719 cr (+12.5% on the year) and net profit of ₹402 cr (+65.4% on the year) for April to June 2025.
1 check raised a question: A lower tax rate lifted profit. Is the lower rate going to last?
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