State-owned general insurer New India Assurance Co Ltd Monday reported a loss of Rs 270.52 crore in the fourth quarter of fiscal ended March 31.
There was a net profit of Rs 335.96 crore in the similar January-March period of 2017-18.
Total income in the March quarter rose to Rs 6,570.11 crore from Rs 6,060.47 crore in same period a year ago, the company said in a regulatory filing.
For the full year, the insurer registered a net profit of Rs 604.77 crore in 2018-19 as against Rs 2,189.22 crore in the previous fiscal.
Total income in the year went up to Rs 25,406.19 crore from Rs 23,365.03 crore.
The board of directors has recommended a dividend of Rs 1.50 per share for 2018-19, subject to shareholders' approval, the filing said.
Stock of NIACL closed 0.35 per cent down at Rs 172.80 on the BSE.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app