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This general insurance company posts positive Q4 results; do you hold it?
Last Updated: 19th April 2023 - 12:56 pm
Company’s net profit increased by 40%.
About the result
ICICI Lombard General Insurance Company has reported a rise of 39.82% in its net profit at Rs 436.96 crore for Q4FY23 as compared to Rs 312.51 crore for the same quarter in the previous year. For the year ended March 31, 2023, the company has reported a rise of 36.04% in its net profit at Rs 1,729.05 crore as compared to Rs 1,271.01 crore for the previous year.
The total income of the company increased by 13.36% at Rs 5,255.58 crore for Q4FY23 as compared to Rs 4,636.34 crore for the corresponding quarter previous year. The total income of the company increased by 12.18% at Rs 18,094.90 crore for the year under review as compared to Rs 16,129.88 crore for the year ended March 31, 2022.
Share price moment
ICICI Lombard General Insurance Company is currently trading at Rs 1,086.50, down by 43.70 points or 3.87% from its previous closing of Rs 1,130.55 on the BSE.
The scrip opened at Rs 1,130 and has touched a high and low of Rs 1,135 and Rs 1,080.80 respectively. So far 50,138 shares were traded on the counter.
The BSE group 'A' stock of face value of Rs 5 has touched a 52-week high of Rs 1,410.55 and a 52-week low of Rs 1,049.10. The current market cap of the company is Rs 3,841.87 crore.
The promoters holding in the company stood at 48.02%, while Foreign Institutions and Domestic Institutions held 23.39% and 16.68% respectively.
Company profile
ICICI Lombard General Insurance Company Ltd is one of the leading private sector general insurance companies in India. The company provides general insurance solutions to secure people and their families against unexpected and untoward events. With ICICI Lombard, people can avail protection solutions for business, personal and project liabilities across rural as well as urban areas in India. It offers insurance coverage for motor, health, travel, home, student travel and more.
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