New India Assurance reports full year 2024 earnings

Full-Year 2024 Results of New India Assurance (NSE:NIACL).

Key financial results

Revenue: £435.2 billion (up 6.3% over FY2023).
Net profit: £11.2 billion (up 6.5% on FY2023).
Profit margin: 2.6% (as of FY2023).

NSEI:NIACL Earnings and Revenue Growth, May 24, 2024

All data shown in the chart above is for a 12-month (TTM) period.

New India Assurance earnings statistics

Looking ahead, revenues are forecast to grow at an average of 6.3% per annum over the next 2 years, compared to the Indian insurance industry’s growth forecast of 8.7%.

Efficiency Indian insurance industry.

The company’s shares increased by 6.0% compared to the week.

Risk assessment

We should say we discovered it 1 warning sign for New India Assurance what you should know before investing here.

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This article by Simply Wall St is of a general nature. We comment based on historical data and analyst forecasts, using only an unbiased methodology, and our articles are not intended to provide financial advice. It is not a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. Our goal is to provide long-term, focused analysis based on fundamental data. Please note that our analysis may not reflect the latest price-sensitive company announcements or qualitative content. Simply Wall St has no position in any of the stocks mentioned.