Go Digit's Shares Touch New All Time High Post Strong Q4 Results

Go Digit Shares Touch All Time High During Intraday Trading After Strong Q4 Show

SUMMARY

The insurtech startup’s shares touched an all time high of INR 372.35 during intraday trading a day after it disclosed its financial results for Q4 FY24

Go Digit’s PAT for FY24 grew 400% to INR 182 Cr from FY23’s INR 36 Cr

The shares lost their steam as trading went on June 12, ending today’s trading session at INR 341.75

A day after reporting a strong financial report for the quarter ending March 31, 2024, shares of recently listed insurtech startup Go Digit touched an all time high of INR 372.35 during intraday trading on Wednesday (June 12). Step up your startup journey with BHASKAR! From resources to networking, Bhaskar connects Indian innovators with everything they need to succeed. Join today to access a platform built for innovation, growth, and community.

Yesterday (June 11), the company disclosed that its profit after tax (PAT) for the financial year 2023-24 (FY24) stood at INR 182 Cr, an over 400% jump from the previous fiscal’s INR 36 Cr. In tandem with the increase in profits, the startup’s total gross written premium (GWP) also grew by 24.5% to INR 9,016 Cr from INR 7,243 Cr in FY23.