Are New India Assura latest results good or bad?

New India Assurance Company has released its financial results for the quarter ending March 2025, which present a mixed picture of performance. The company reported a Profit After Tax (PAT) of Rs 358.54 crore, marking the highest figure in the last five quarters, indicating a positive trend in profitability. Additionally, the Earnings per Share (EPS) reached Rs 2.18, also the highest in the same period, suggesting enhanced earnings for shareholders.
However, the company experienced a slight decline in net sales, with a year-over-year growth of -0.19% compared to a previous growth of 14.77% in March 2024. The consolidated net profit growth also saw a reduction, with a year-over-year increase of 15.33% compared to 146.50% in the prior year. Furthermore, while the Non-Operating Income reached Rs 76.82 crore, the highest in the last five quarters, this raises concerns regarding the sustainability of revenue generation, as it may indicate a reliance on non-business activities.

Overall, New India Assurance's latest results reflect stabilization in its financial metrics, as evidenced by an adjustment in its evaluation over the last three months. The operational trends suggest both opportunities for growth in profitability and challenges in maintaining revenue from core business activities.