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New India Assurance Company Ltd consolidated sales down 2.74% on year in Q2FY2026

(17-Aug-26   11:52)

New India Assurance Company Ltd share price declined by 0.80% to Rs 179.05 after the company's net profit tanked by 143.24% to Rs 243.94 crore, while revenue from operations softened by 2.74% to Rs 9747.28 crore in Q2FY26 over Q1FY26. The market capitalization of General Insurance industry group stocks on BSE stood at Rs 2.6 lakh crore, rising 4.56%. It has eased by 0.80% over last one week and softened by 5.32% in last one month while the market capitalization of New India Assurance Company Ltd has slipped by 0.17% and 8.94% in the same period respectively. Profit before tax (PBT) of New India Assurance Company Ltd stood at Rs 178.69 crore in Q2 FY26, nosediving by 145.69% year-on-year, and crashing by 140.05% quarter-on-quarter. EBITDA came in at Rs 232 crore, rallying 1749.56% YoY and tanking 43.18% sequentially. Total expenses slightly declined by 3.35% to Rs 12104.91 crore in Q2FY26 over Q2FY25. During the quarter, employee benefits expense was at Rs 796.31 crore, tumbling by 20.18% YoY. For the TTM ended FY26, revenue from operations tick up 8.82% to Rs 38672.13 crore, while net profit soared by 39.22% to Rs 1353.57 crore, compared to previous TTM. EBITDA jumped by 83624% to Rs 551.43 crore, and PBT surged 20.57% to Rs 1232.83 crore compared to previous TTM. New India Assurance Company Ltd slipped 3.06% in last one year, performing in line with the benchmark BSE Sensex which has eased by 3.21% during the same period.