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A small-cap company backed by power couple Virat Kohli and Anushka Sharma has reported a strong performance in the September quarter (Q2FY26), posting a 31 per cent year-on-year rise in profit.

The steady growth was driven by healthy business momentum and improving margins. Brokerages have turned positive on the stock, projecting up to 22 per cent upside from current levels.

For the quarter ended September 30, 2025, the company’s Gross Written Premium (GWP) rose 12.6 per cent year-on-year to Rs 2,667 crore, compared to Rs 2,369 crore in the same period last year. On a non-normalised basis, GWP stood at Rs 2,739 crore, reflecting 15.6 per cent growth.

Profit before tax (PBT) jumped 53 per cent YoY to Rs 136 crore, while profit after tax (PAT) climbed 31 per cent to Rs 117 crore, supported by strong operational discipline and improved cost management.

According to Go Digit’s Red Herring Prospectus (RHP), Virat Kohli holds 2,66,667 equity shares, while Anushka Sharma owns 66,667 shares in this company. The company under discussion is Go Digit General Insurance.

Go Digit’s Assets Under Management (AUM) grew 15.4 per cent to Rs 21,345 crore as of September 30, 2025, compared to Rs 18,502 crore a year earlier.

The company’s Combined Ratio, a key indicator of underwriting efficiency, improved to 111.4 per cent from 112.2 per cent in Q2 FY25. On a non-normalised basis, it stood at 109.9 per cent, reflecting better control over claims and expenses.

The insurer also maintained a strong Solvency Ratio of 2.26x, well above the regulatory requirement of 1.50x, highlighting solid capital strength.

Brokerages remain broadly positive on Go Digit’s outlook following its Q2 results.

Jefferies maintained a buy rating, raising its target price to Rs 440 from Rs 410, citing “in-line results and healthy pick-up in the motor insurance segment,” which could boost earnings visibility despite upfront costs.

Citi also maintained a buy rating, increasing its target to Rs 420. The brokerage noted a 52 per cent YoY rise in PBT, an improvement in the underwriting loss ratio to -11.8 per cent, and a strong B2B scale-up.

It highlighted that the insurer carries Rs 680 crore in unrealised gains, about 88 per cent of its H1 FY26 investment income.

Meanwhile, Morgan Stanley remained more cautious, maintaining an equal-weight stance with a target price of Rs 335.

Anubhav Maurya is a Senior Sub-Editor at Zee Business, focusing on the stock market, personal finance, corporate news, and related sectors.

He has previously worked wi