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GIC Profit Jumps 30% Annually
27 May
Summary
- Full-year profit increased by 30.01% to Rs 9662.37 crore.
- Annual sales grew by 8.26% to Rs 39743.31 crore.
- Quarterly profit saw a modest 1.35% rise to Rs 2532.59 crore.
General Insurance Corporation of India (GIC) concluded the fiscal year ending March 2026 with robust financial performance. The company announced a substantial 30.01% increase in net profit for the full year, amounting to Rs 9662.37 crore, a notable rise from Rs 7431.84 crore in the previous year.
Sales for the full year also demonstrated healthy growth, rising by 8.26% to Rs 39743.31 crore compared to Rs 36711.83 crore in the prior fiscal period. This upward trend in revenue contributed to the overall strong financial results.
In the fourth quarter ending March 2026, GIC reported a net profit of Rs 2532.59 crore, marking a 1.35% increase from Rs 2498.86 crore in the same quarter of the previous year. Quarterly sales saw a 7.17% increase, reaching Rs 9913.56 crore.
