New Delhi: General Insurance Corporation (GIC) of India on Wednesday reported a 16 percent growth in net profit at Rs 1,861 crore in the September 2024 quarter.
The insurance company posted a net profit of Rs 1,605 crore in the July-September period of last fiscal.
Gross premium, however, came in lower at Rs 8,413 crore during the September quarter of the current fiscal against Rs 10,762 crore a year ago, GIC Re said in a statement.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)