NIACL · Financial Services
The New India Assurance Company Ltd. reported total income of ₹10,786 cr for July to September 2024, +2.1% on the year and +3.5% on the quarter.
The company swung to a net profit of ₹91.0 cr from a loss of ₹175 cr a year earlier, with earnings per share of ₹0.54. The tax rate was 48% against an average of 21% over the previous 4 quarters, which weighed on profit this quarter.
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.
Turned profitable from a loss a year ago.
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.
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.
| 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 ₹10,786 cr (+2.1% on the year) and net profit of ₹91.0 cr (— on the year) for July to September 2024.
None of the 2 checks that could run raised a question.
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