India, Nov. 5 -- Insurtech Go Digit reported a 31.1% year-on-year (YoY) decline in its net profit for the September quarter (Q2 FY27) to Rs.142.4 Cr from Rs.206.8 Cr in the corresponding quarter last year. The insurtech major's profit also declined 62.4% sequentially from Rs.378.61 Cr in the June quarter.

The decline in profitability came despite a marginal increase in insurance revenue, which rose 1.7% to Rs.2,720.5 Cr during the quarter from Rs.2,674.9 Cr in Q2 FY26. Sequentially, insurance revenue increased 2.1% from Rs.2,665.6 Cr.

Segment-wise, Motor Third Party (TP) insurance remained Go Digit's largest business, contributing Rs.1,066.1 Cr to insurance revenue in Q2 FY27, up 8.3% YoY. Motor Own Damage (OD) insurance revenue grew at...