New India Assurance Company standalone net profit declines 39.27% in the March 2018 quarter

Sales decline 3.92% to Rs 5215.46 crore

Net profit of New India Assurance Company declined 39.27% to Rs 335.96 crore in the quarter ended March 2018 as against Rs 553.23 crore during the previous quarter ended March 2017. Sales declined 3.92% to Rs 5215.46 crore in the quarter ended March 2018 as against Rs 5428.38 crore during the previous quarter ended March 2017.

For the full year,net profit rose 118.36% to Rs 2200.92 crore in the year ended March 2018 as against Rs 1007.93 crore during the previous year ended March 2017. Sales rose 10.72% to Rs 19724.60 crore in the year ended March 2018 as against Rs 17814.78 crore during the previous year ended March 2017.

ParticularsQuarter EndedYear EndedMar. 2018Mar. 2017% Var.Mar. 2018Mar. 2017% Var.Sales5215.465428.38 -4 19724.6017814.78 11 OPM %6.778.93 -13.295.31 - PBDT447.92690.58 -35 2725.061163.86 134 PBT447.92690.58 -35 2725.061163.86 134 NP335.96553.23 -39 2200.921007.93 118

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