NIVABUPA · Financial Services
Niva Bupa Health Insurance Company Ltd. reported total income of ₹1,321 cr for July to September 2024, +36.3% on the year and +17.5% on the quarter.
The company swung to a net profit of ₹13.0 cr from a loss of ₹8.0 cr a year earlier.
Insurers are read on premium growth and, for life insurers, the value of new business; accounting profit says little about one quarter. The quarterly statements do not carry premium growth, value of new business margin and the solvency ratio; 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 | ₹1,026 cr | ₹1,316 cr | ₹1,124 cr | ₹1,321 cr | ₹1,258 cr | ₹1,671 cr | ₹1,932 cr | ₹2,049 cr | ₹1,611 cr | ₹2,251 cr | ₹2,471 cr | ₹2,572 cr |
| YoY | — | — | — | +36% | +23% | +27% | +72% | +55% | +28% | +35% | +28% | +26% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 0% | 0% | — | 0% | 0% | 0% | 27% | 26% | — | 12% | 25% | 25% |
| Net profit | ₹5.0 cr | ₹157 cr | −₹19.0 cr | ₹13.0 cr | ₹13.0 cr | ₹206 cr | ₹71.0 cr | ₹61.0 cr | −₹88.0 cr | ₹159 cr | ₹138 cr | ₹136 cr |
| YoY | — | — | — | — | +160% | +31% | — | +369% | −777% | −23% | +94% | +123% |
| EPS | — | — | — | — | ₹0.07 | ₹1.13 | ₹0.39 | ₹0.33 | −₹0.47 | ₹0.86 | ₹0.75 | ₹0.73 |
| Flags | · | · | · | · | · | · | · | · | 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.
Niva Bupa Health Insurance Company Ltd. reported total income of ₹1,321 cr (+36.3% on the year) and net profit of ₹13.0 cr (— on the year) for July to September 2024.
None of the 2 checks that could run raised a question.
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