The New India Assurance Company Limited (BOM: 540769)

The New India Assurance Company Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Premiums & Annuity Revenue	350,847	341,866	304,250	290,647	263,763	236,622
Total Interest & Dividend Income	49,542	51,151	44,777	40,586	37,591	34,667
Gain (Loss) on Sale of Investments	41,766	41,744	60,004	26,263	24,274	33,144
Other Revenue	151.1	151.1	651.6	653.14	293.99	548.82
Total Revenue	442,306	434,912	409,681	358,149	325,922	304,981
Revenue Growth (YoY)	7.24%	6.16%	14.39%	9.89%	6.87%	10.65%
Policy Benefits	337,648	332,138	290,104	288,320	221,568	215,739
Policy Acquisition & Underwriting Costs	31,867	30,331	24,399	23,130	24,839	23,083
Selling, General & Administrative	51,485	51,485	42,885	40,982	54,725	38,967
Provision for Bad Debts	-7.2	-	-	-	-	-
Other Operating Expenses	7,423	6,488	5,102	4,119	4,112	10,574
Total Operating Expenses	426,958	420,442	362,489	356,552	305,243	288,363
Operating Income	15,349	14,470	47,192	1,598	20,679	16,618
Interest Expense	-66.64	-66.64	-12.53	-43.22	-56.36	-6.51
Earnings From Equity Investments	409.57	293.07	-113.34	205.15	174.59	110.42
Other Non Operating Income (Expenses)	5,887	-	-34,451	296.65	-	-
EBT Excluding Unusual Items	21,579	14,697	12,614	2,056	20,798	16,722
Gain (Loss) on Sale of Investments	-217.62	-217.62	-109.05	-	-	-
Gain (Loss) on Sale of Assets	-64.89	-64.89	-54.18	-74.88	-25.37	-21.32
Other Unusual Items	-	-	-	-	-0.02	-0.3
Pretax Income	21,296	14,414	12,451	1,981	20,772	16,701
Income Tax Expense	4,220	3,210	1,952	-3.07	4,320	2,234
Earnings From Continuing Ops.	17,076	11,204	10,500	1,984	16,452	14,467
Minority Interest in Earnings	-67.12	-39.52	-19.58	-38.64	-47.44	-44.62
Net Income	17,009	11,165	10,480	1,946	16,405	14,422
Net Income to Common	17,009	11,165	10,480	1,946	16,405	14,422
Net Income Growth	79.62%	6.53%	438.62%	-88.14%	13.74%	138.50%
Shares Outstanding (Basic)	1,647	1,648	1,648	1,648	1,648	1,648
Shares Outstanding (Diluted)	1,647	1,648	1,648	1,648	1,648	1,648
Shares Change (YoY)	0.05%	-	-	-	-	-
EPS (Basic)	10.33	6.77	6.36	1.18	9.95	8.75
EPS (Diluted)	10.33	6.77	6.36	1.18	9.95	8.75
EPS Growth	79.53%	6.53%	438.62%	-88.14%	13.74%	138.50%
Free Cash Flow	-58,998	-47,414	-59,531	-41,684	6,780	-10,671
Free Cash Flow Per Share	-35.83	-28.77	-36.12	-25.29	4.11	-6.47
Dividend Per Share	-	2.060	1.930	0.300	-	-
Dividend Growth	-	6.74%	543.33%	-	-	-
Operating Margin	3.47%	3.33%	11.52%	0.45%	6.34%	5.45%
Profit Margin	3.85%	2.57%	2.56%	0.54%	5.03%	4.73%
Free Cash Flow Margin	-13.34%	-10.90%	-14.53%	-11.64%	2.08%	-3.50%
EBITDA	15,802	15,034	47,976	2,430	21,706	17,552
EBITDA Margin	3.57%	3.46%	11.71%	0.68%	6.66%	5.76%
D&A For EBITDA	453.48	563.9	784.74	832.88	1,027	933.56
EBIT	15,349	14,470	47,192	1,598	20,679	16,618
EBIT Margin	3.47%	3.33%	11.52%	0.45%	6.34%	5.45%
Effective Tax Rate	19.82%	22.27%	15.67%	-	20.80%	13.37%

Source: S&P Capital IQ. Insurance template. Financial Sources.