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The New India Assurance (NIACL.NS) Q2 2024 Earnings Report

Comprehensive analysis of The New India Assurance's financial performance for Q2 2024 with historical comparisons and future outlook.

Reported Q: Q2 2024 Rev YoY: +2.0% EPS YoY: +136.1% Move: -1.39%
The New India Assurance
NIACL.NS
INR156.81 -1.39%
Exchange NSE Sector Financial Services Industry Insurance Diversified
Q2 2024
Published: Sep 30, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for NIACL.NS

Reported

Report Date

Sep 30, 2024

Quarter Q2 2024

Revenue

107.55B

YoY: +2.0%

EPS

0.43

YoY: +136.1%

Market Move

-1.39%

Previous quarter: Q1 2024

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Earnings Highlights

  • Revenue of $107.55B up 2% year-over-year
  • EPS of $0.43 increased by 136.1% from previous year
  • Gross margin of 100.0%
  • Net income of 726.40M
  • ""We remain focused on reinforcing our market position through innovative product offerings."" - Management Representative
NIACL.NS
The New India Assurance Company Limited
Period Q2 2024
Currency INR
Report Type Quarterly Earnings
Generated Feb 11, 2026

Executive Summary

The New India Assurance Company Limited (NIACL.NS) reported robust financial performance in Q2 2024, showcasing notable increases in net income and earnings per share (EPS), which soared by 137.04% and 136.13% year-over-year, respectively. The revenue stood at ₹107,550.6 million, reflecting a 2.02% growth compared to the previous year and a solid sequential increase of 3.21% from Q1 2024.

Despite the commendable growth in top-line metrics, the company faced challenges regarding operating income and net income margins, which decreased from the previous quarter. Management attributes these fluctuations to seasonality in insurance premium collections and ongoing market adjustments. Investors should monitor how the company's strategies evolve in navigating these challenges to sustain growth in an increasingly competitive landscape.

Key Performance Indicators

Revenue
Increasing
107.55B
QoQ: 3.21% | YoY: 2.02%
Gross Profit
Increasing
107.55B
1.00% margin
QoQ: 3.21% | YoY: 2.02%
Operating Income
Increasing
1.50B
QoQ: -49.78% | YoY: 161.67%
Net Income
Increasing
726.40M
QoQ: -68.31% | YoY: 137.04%
EPS
Increasing
0.43
QoQ: -70.34% | YoY: 136.13%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2026 119,208.40 2.43 +1.7% View
Q3 2024 107,127.80 2.12 -5.5% View
Q2 2024 107,550.60 0.43 +2.0% View
Q1 2024 104,204.10 1.45 +5.7% View
Q4 2023 101,679.00 0.77 +15.3% View
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Q2 2024 Reports in Financial Services Sector

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