General Insurance Corporation of India (NSE: GICRE)

GICRE 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	339,853	336,454	359,821	395,438	399,494	443,316
Total Interest & Dividend Income	79,594	75,388	62,366	50,615	46,560	41,480
Gain (Loss) on Sale of Investments	40,141	39,935	43,694	43,859	40,975	27,418
Total Revenue	459,587	451,777	465,880	489,912	487,029	512,214
Revenue Growth (YoY)	-0.13%	-3.03%	-4.91%	0.59%	-4.92%	15.10%
Policy Benefits	310,523	316,178	332,042	367,035	369,289	431,504
Policy Acquisition & Underwriting Costs	64,989	63,012	56,507	70,261	80,247	75,619
Selling, General & Administrative	4,869	4,198	3,683	3,714	3,015	4,456
Provision for Bad Debts	43.2	-78.8	3,295	2,632	-3,683	1,317
Other Operating Expenses	30.5	-	-	-	-	-
Total Operating Expenses	370,218	373,213	394,077	457,287	452,358	521,597
Operating Income	89,369	78,564	71,803	32,625	34,671	-9,383
Interest Expense	-838.09	-838.09	-807.5	-627.48	-608.74	-275.08
Earnings From Equity Investments	3,426	1,777	3,302	1,875	1,666	918.39
Currency Exchange Gain (Loss)	-421.51	1,436	9,228	5,346	-3,483	5,794
Other Non Operating Income (Expenses)	-1,179	87.62	87.12	204.9	114.29	211.23
EBT Excluding Unusual Items	90,357	81,027	83,612	39,424	32,359	-2,735
Gain (Loss) on Sale of Assets	-0.54	-0.54	1.09	-2.07	0.26	-3.55
Pretax Income	90,356	81,026	83,613	39,422	32,359	-2,738
Income Tax Expense	17,600	14,168	14,540	15,559	12,443	-873.76
Net Income	72,756	66,859	69,073	23,863	19,916	-1,865
Net Income to Common	72,756	66,859	69,073	23,863	19,916	-1,865
Net Income Growth	9.77%	-3.21%	189.46%	19.82%	-	-
Shares Outstanding (Basic)	1,754	1,754	1,754	1,754	1,754	1,754
Shares Outstanding (Diluted)	1,754	1,754	1,754	1,754	1,754	1,754
Shares Change (YoY)	0.01%	-	-	-	-	-
EPS (Basic)	41.47	38.11	39.37	13.60	11.35	-1.06
EPS (Diluted)	41.47	38.11	39.37	13.60	11.35	-1.06
EPS Growth	9.76%	-3.21%	189.46%	19.82%	-	-
Free Cash Flow	85,734	111,388	115,882	90,353	132,776	86,140
Free Cash Flow Per Share	48.87	63.49	66.05	51.50	75.68	49.10
Dividend Per Share	-	10.000	7.200	2.250	-	-
Dividend Growth	-	38.89%	220.00%	-	-	-
Operating Margin	19.45%	17.39%	15.41%	6.66%	7.12%	-1.83%
Profit Margin	15.83%	14.80%	14.83%	4.87%	4.09%	-0.36%
Free Cash Flow Margin	18.65%	24.66%	24.87%	18.44%	27.26%	16.82%
EBITDA	89,440	78,654	71,900	32,763	34,820	-9,201
EBITDA Margin	19.46%	17.41%	15.43%	6.69%	7.15%	-1.80%
D&A For EBITDA	70.82	89.94	96.91	137.48	149.51	182.83
EBIT	89,369	78,564	71,803	32,625	34,671	-9,383
EBIT Margin	19.45%	17.39%	15.41%	6.66%	7.12%	-1.83%
Effective Tax Rate	19.48%	17.49%	17.39%	39.47%	38.45%	-

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