Earnings Review
Niva Bupa PAT jumps 31.2% Jan-Mar on robust premium income
This story was originally published at 20:06 IST on 7 May 2025
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--Niva Bupa FY25 total income INR 53.24 bln vs INR 41.96 bln year ago
--Niva Bupa FY25 net profit INR 2.14 bln vs INR 818.50 mln year ago
--Niva Bupa Jan-Mar gross premiums written INR 20.79 bln vs INR 17.59 bln
--Niva Bupa Jan-Mar total income INR 15.65 bln vs INR 13.19 bln year ago
--Niva Bupa Jan-Mar net profit INR 2.06 bln vs INR 1.57 bln year ago
NEW DELHI – Niva Bupa Health Insurance Co. Ltd., a new entrant to the Nifty 500, posted a 31% on-year jump in its net profit to INR 2.06 billion for the March quarter with the help of strong premium income. The company's profit grew over 15-fold from INR 132.40 million in the quarter ended December.
The health insurer's income from premium surged 25.4% to INR 15.27 billion, taking the total income to INR 15.65 billion. The net sales of the company also grew 21% to INR 16.72 billion. Niva Bupa registered gross premium, including premium witten for reinsurance, of INR 20.79 billion in the reporting quarter, up 18.1% on year.
But Niva Bupa posted an operating profit of INR 949.40 million during the quarter, against INR 1.67 billion a year ago, due to a 12% fall in underwriting profit. The company's total spending also grew 27.5% to INR 14.70 billion in the last quarter of the financial year.
The health insurance comany ended 2024-25 (Apr-Mar) with a profit of INR 2.14 billion, up nearly three-fold from FY24. The company's total income rose 27% to INR 53.24 billion in FY25.
Niva Bupa released its quarterly results after market hours on Wednesday. The shares of the company ended 0.4% higher at INR 81.03 on the National Stock Exchange. End
Reported by Krity Ambey
Edited by Akul Nishant Akhoury
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