The shares of New India Assurance Company rallied nearly 15 percent on July 30 after the PSU insurer reported strong earnings for the first quarter of the financial year 2026. The shares of International Gemmological Institute (IGIL) gained 8 percent.
Northern Arc Capital shares however declined nearly 4 percent after weak June quarter earnings.
New India Assurance Q1 Results:
The New India Assurance Company on July 29 reported gross premium income of Rs 13,334 crore for the April-June quarter of the financial year 2026. This marks a 13 percent increase from the Rs 11,788 crore gross premium income reported in the corresponding quarter of the previous financial year.
The firm's profit after tax jumped more than 80 percent on-year to Rs 391 crore in Q1 FY26, from Rs 217 crore in Q1 FY25. The insurer however noted that the Air India’s plane crash in June had an adverse impact on the underwriting results. "Health segment witnessed a slightly higher loss ratio and some large losses impacted the Liability and Miscellaneous portfolios as well. Additionally, provisions were made towards some legacy non-moving balances which were offset by a healthy investment income," it said.
The shares of the PSU insurer rallied nearly 15 percent to trade at Rs 199 apiece. Although the stock is down nearly 4 percent in 2025 so far, it has gained more than 12 percent in the past six months. The stock declined over 30 percent in the past one year, but gained nearly 77 percent in the past five months.
International Gemmological Institute Q1 Results:
International Gemmological Institute (IGIL) on July 29 reported a net profit of Rs 126 crore for Q1 FY26. This marks a rise of more than 62 percent on-year from the Rs 77.8 crore net profit reported in the corresponding quarter of the previous financial year.
The firm’s revenue from operations meanwhile rose nearly 16 percent on-year to Rs 301 crore during the quarter under review.
IGIL shares rallied nearly 8 percent to hit an intraday high of Rs 442 apiece. The stock then pared some gains, and were trading 3 percent higher at Rs 420 apiece. The stock has gained nearly 11 percent in the past one month, but dropped 17 percent in the past six months. The stock is down 30 percent in 2025 so far.
Northern Arc Capital Q1 Results:
Northern Arc Capital on July 29 reported a net profit of Rs 81 crore in Q1 FY26. This marks a 13 percent on-year drop from the Rs 93.5 crore net profit reported in Q1 FY25. The firm's revenue from operations rose 5 percent on-year to Rs 605 crore.
The shares of the company tumbled 4 percent to trade at Rs 235 apiece. The stock has dropped nearly 11 percent in the past five days, but gained nearly 21 percent in the past six months.
Also read: Our LIVE blog on Q1 results
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