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New India Assurance posts ₹127-crore net profit in Q4


State-run general insurer New India Assurance reported a net profit of ₹126.6 crore for the fourth quarter of 2019-20, compared to a net loss of ₹270.54 crore in the same period a year ago.

Its total income grew 7 per cent to ₹7,040.23 crore in the January to March 2020 quarter from ₹6,570.11 crore in the same period a year ago, the company said in a regulatory filing on Tuesday.

In 2019-20, its net profit more than doubled to ₹1,417.75 crore, compared to ₹579.79 crore in 2018-19.

“This exceptional performance wouldn ...


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