ICICI Lombard General Insurance Company’s autonomous net profit drops by 9.60% in the March 2022 quarter

0


Sales increase by 26.82% to Rs 3,317.78 crore

Net profit of ICICI Lombard General Insurance Company decreased by 9.60% to Rs 312.51 crore in the quarter ended March 2022 from Rs 345.68 crore in the previous quarter ended March 2021. Sales increased increased by 26.82% to Rs 3317.78 crore in the quarter ended March 2022 from Rs 2616.22 crore in the previous quarter ended March 2021.

For the full year, net profit decreased by 13.72% to Rs 1271.01 crore in the year ended March 2022 from Rs 1473.05 crore in the previous year ended March 2021 Sales increased by 30.14% to Rs 13,032.09 crore in the year ended March 2022 from Rs 10,013.99 crore in the previous year ended March 2021.



DetailsQuarter endedYear endedMarch 2022March 2021% Var.March 2022March 2021% Var.Sales3317.782616.22 27 13032.0910013.99 30 OPM %-11.17-0.59 6.7014.56 PBDT410.45450.11 -9 1683.521953.95 -14 PBT410.45450.11 -9 1683.521953.95 -14 NP312.51345.68 -ten 1271.011473.05 -14

Powered by Capital Market – Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)


Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

First published: Fri 22 Apr 2022. 08:26 IST

Share.

Comments are closed.