Cholamandalam MS General Insurance reports a 14% increase in GWP to ₹1,945 crore and doubles PBT to ₹179 crore in Q1.
Cholamandalam MS General Insurance Co Ltd (Chola MS) reported a 14% increase in Gross Written Premium (GWP) to ₹1,945 crore in Q1, outpacing the industry's average growth of 12.4%. The company's profit before tax (PBT) doubled to ₹179 crore from ₹89 crore the previous year. Chola MS has a net worth of ₹2,625 crore, with 83% attributed to accumulated profits.
July 28, 2024
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